24 Franklin Pl

$1,888,000
Price
6
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to a sun-filled & well-maintained four-unit multifamily home with 3 vacant units, (can be delivered fully vacant), a front lawn & backyard, located in the heart of Summit, a short walk to Summit Train Station & Downtown. Ideal for owners/renters who commute to Manhattan, Wall Street, etc. The Summit schools are highly rated & among the Best. The 1st floor has 2 one-bedroom apartment units. Unit A has one bedroom, one bath, & one living room sun drenched by panoramic bay-window. The living...Welcome to a sun-filled & well-maintained four-unit multifamily home with 3 vacant units, (can be delivered fully vacant), a front lawn & backyard, located in the heart of Summit, a short walk to Summit Train Station & Downtown. Ideal for owners/renters who commute to Manhattan, Wall Street, etc. The Summit schools are highly rated & among the Best. The 1st floor has 2 one-bedroom apartment units. Unit A has one bedroom, one bath, & one living room sun drenched by panoramic bay-window. The living room & bedroom are separated by a French door. These rooms are spacious. Apartment B has one bedroom, one living room, a bath & one large oversized kitchen w/ large dining area. The entire 2nd floor is a newly remodeled 3 bedroom unit w/ a huge living room, ideal for owner occupancy or rental. The spaciously remodeled kitchen, the new wood floors In living room & spacious 3 bedrooms add to the charm of this beautiful unit. The coffered ceiling adds to the beauty of this unit. 2 bathrooms, 3 bedroom rental units are rare & valuable in Summit, commanding premium rents. On the 3rd floor is the remodeled 4th unit w/new HW floors. The bedroom is comfortable & the living room is spacious. The new kitchen has new appliances. This building commands premium rents due to proximity to train station & downtown. The 8 parking spaces bring in additional income, commuters prefer to rent the assigned spaces. Possible conversion to 5 units & condo plans drawn up by architect. Great Potential!
  1. Listed by ARLENE GORMAN GONNELLA • WEICHERT REALTORS

Property Details for 24 Franklin Place

Directions
Summit Ave or Beechwood rd to Franklin Place.
Days On Market
0
Section/Subdiv/Development
Northside Downtown
LISTING UPDATED: 12/16/2025 01:13 PM

Property Details for 24 Franklin Place

StatusActive
MLS #4001836
Days on Market14
Taxes$15,934 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1898
Lot Size0.27 AC / 11,761 SF
CountyUnion County

Location

Listing Courtesy of WEICHERT REALTORS, ARLENE GORMAN GONNELLA
Add your commute

Building Information for 24 Franklin Place

Stories-Residences4Year Built1898Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

$10,657 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,329

Property Taxes

$1,328

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 24 Franklin Place

Summary
Location and General Information
  • Zoning: Residential
  • Address Included: Y
  • Building #: 24
  • Middle/Jr High School: Summit MS
  • Grade School: Lincoln-Hubbard
  • High School: Summit HS
  • Renovated Year: 2023
  • County #: Union
  • Town Name: Summit City
  • Block Identifier: 3401
  • Listing Type: Exclusive Right to Sell
  • Town #: 2918.0
  • Street # Display: 24.0
  • # Parking Spaces: 8
  • County Or Parish: Union
  • Street Name: Franklin Pl
  • Zip Code: 07901-3657
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $15,934
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 365800.0
  • Tax ID For Property: 2918-03401-0000-00017-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width, Assigned, Blacktop
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 17
  • Approximate Lot Size: 65X180
  • Total Acres: 0.27
  • Construction Date/Year Built: 1898
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 215400.0
  • Assessment Land: 150400.0
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Services: Cable TV Available, Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units, Baseboard - Hotwater, Radiators - Hot Water
  • Fuel Type: Electric, Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Curbs, Deck, See Remarks, Sidewalk, Storm Window(s), Thermal Windows/Doors
Interior Features
  • Interior Features: Blinds, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
  • Roof Description: Asphalt Shingle, Flat
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 845.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1650.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 2475.0
  • Unit 2 Sq Ft: 703.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 2.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 1443.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 1
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 3.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 4 Rent: 0.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 4 Rooms: 3.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 721.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 24 Franklin Place

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Listed (Active)

GSMLS #4001836

$1,888,000
Sep 13, 2008

Listed (Active)

HGMLS #453721

$225,000
Aug 29, 1996

Listed (Active)

HGMLS #228673

$95,000
DateEvent & SourcePrice
12/16/2025

Listed (Active)

GSMLS #4001836

$1,888,000
09/13/2008

Listed (Active)

HGMLS #453721

$225,000
08/29/1996

Listed (Active)

HGMLS #228673

$95,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24 Franklin Place

Taxable ValueLand$150,400Additions$215,400Total$365,800
Tax Record2024$15,934 ($1,328 / month)
Home Facts
Beds0Total Finished SqFt3,760 SqFtAbove Grade Finished SqFt3,760 SqFtStories3Lot Size11,700 SqFtStyleSingle Family ResidenceYear Built1898ZoningR5CountyUNIONAPN18 03401-0000-00017

Schools near 24 Franklin Place

This home is within Summit Public School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Lincoln Hubbard Elementary School
Public1 to 5

L C Johnson Summit Middle School
Public6 to 8

Summit Sr High School
Public9 to 12

Jefferson Elementary School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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24 Franklin Place is a multi-family home for sale in Summit, NJ 07901. This property was listed for sale on December 16, 2025 by WEICHERT REALTORS, it's currently listed at $1,888,000. This listing's school district is Summit Public School District. Nearby schools include Lincoln Hubbard Elementary School, L C Johnson Summit Middle School and Summit Sr High School. 24 Franklin Place is a 6-bed, 5-bath, multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WEICHERT REALTORS, ARLENE GORMAN GONNELLA

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/31/2025 12:21 AM. Source: New Jersey Multiple Listing Service, Inc. © 2025 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/31/2025 12:21 AM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.