24 Franklin Pl
Summit, NJ 07901
6 Beds
5 Baths
3,712 sqft (on 0.27 acres)
6 Beds
5 Baths
3,712 sqft
(on 0.27 acres)
Local Information
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Description
Welcome to a sun-filled & well-maintained four-unit multifamily home w/ 4 vacant units, can possibly be converted to 5 units or converted to Condo! Zoned TH3, great potential, a front lawn & backyard, located in heart of Summit, 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 flr has 2 one-bedrm apartment units. Unit A has 1 bedroom, 1 bath, & 1 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 kitchen w/ large dining area. The entire 2nd floor is a newly remodeled 3 bedr00m 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 baths, 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 bedrm is & 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!
Home Highlights
Parking
8 Parking Spaces
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$455
Listed
42 days ago
Home Details for 24 Franklin Pl
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MLS Status: Active |
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Interior Details Basement: Yes,Full,UnfinishedNumber of Rooms: 23 |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 5Number of Bathrooms (full): 5 |
Dimensions and Layout Living Area: 3712 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Cable Available, Garbage IncludedAppliances: Dishwasher, Exhaust Fan, Range/Oven - Gas, Refrigerator, Kitchen Exhaust Fan, Gas Water HeaterDishwasherRefrigerator |
Heating & Cooling Heating: 3 Units,Baseboard - Hotwater,Radiators - Hot Water,Electric,Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: 3 Units |
Fireplace & Spa No Fireplace |
Gas & Electric Gas: Gas-NaturalHas Electric on Property |
Windows, Doors, Floors & Walls Window: Storm Window(s), Thermal Windows/Doors, BlindsFlooring: Carpet, Tile, Wood |
Levels, Entrance, & Accessibility Stories: 3Levels: 3-Three StoryFloors: Carpet, Tile, Wood |
Security Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher |
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Exterior Home Features Roof: Asphalt Shingle FlatPatio / Porch: DeckExterior: Curbs, See Remarks, Sidewalk |
Parking & Garage Open Parking Spaces: 8Parking Spaces: 8Parking: 2 Car Width,Assigned,Asphalt |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 42 |
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Year Built Year Built: 1898Year Renovated: 2023 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Aluminum Siding |
Property Information Not Included in Sale: NoneParcel Number: 2918034010000000170000 |
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Price List Price: $1,688,000Price Per Sqft: $455 |
Status Change & Dates Possession Timing: Tba |
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Direction & Address City: Summit CityCommunity: Northside Downtown |
School Information Elementary School: Lincoln-hubbardJr High / Middle School: Summit MsHigh School: Summit Hs |
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Listing Agent Listing ID: 4017192 |
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Building Area Building Area: 3712 Square Feet |
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Not Senior Community |
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Lot Area: 0.27 acres |
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Expense Tenant Pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas |
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Owner Pays: Water, Owner Pays Water |
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BasementMls Number: 4017192Attribution Contact: 201-306-1357 |
Last check for updates: 1 day ago
Listing courtesy of Arlene Gorman Gonnella, (201) 306-1357
Weichert Realtors
Source: GSMLS, MLS#4017192
Also Listed on GSMLS.
Price History for 24 Franklin Pl
| Date | Price | Event | Source |
|---|---|---|---|
| 04/29/2026 | $1,688,000 | PriceChange | GSMLS #4017192 |
| 03/27/2026 | $1,748,000 | PriceChange | GSMLS #4017192 |
| 12/16/2025 | $1,888,000 | Listed For Sale | GSMLS #4001836 |
| 07/14/2025 | $2,250 | ListingRemoved | Zillow Rentals |
| 06/28/2025 | $2,250 | Listed For Rent | Zillow Rentals |
| 10/20/2023 | ListingRemoved | Zillow Rentals | |
| 10/04/2023 | $2,275 | Listed For Rent | Zillow Rentals |
| 12/05/2019 | $1,395 | ListingRemoved | Agent Provided |
| 11/19/2019 | $1,395 | Listed For Rent | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $15,934 |
| Assessment | $365,800 |
Home facts updated by county records
Comparable Sales for 24 Franklin Pl
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.23 | Multi-Family Home | $999,999 | 06/25/25 | - | - | ||
0.35 | Multi-Family Home | $1,200,000 | 02/20/26 | - | - | ||
0.55 | Multi-Family Home | $990,000 | 01/30/26 | - | - | ||
0.79 | Multi-Family Home | $821,000 | 10/28/25 | - | - | ||
0.18 | Multi-Family Home | $620,000 | 10/16/25 | - | - |
Assigned Schools
These are the assigned schools for 24 Franklin Pl.
- Jefferson Primary Center
- PK-K
- Public
- 143 Students
NAGreatSchools RatingParent Rating AverageTo make more room in the elementary schools, Summit opened two Primary Centers for preschool &kindergarten. Those living in the Franklin, Washington and half of Lincoln Hubbard district send their children to the Wilson Primary Center for preschool and kindergarten. Those in the Brayton, Jefferson and the other half of the Lincoln Hubbard districts go to the Jefferson Primary Center. We have been at the Jefferson Primary Center for two years and have been pleased with it. The principal, Felix Gill, all the teachers and support staff have made these years wonderful for our child. Everyone is very dedicated to the children in their care. Summit kindergarten is a half day program, but there is a private program called Kinderquest (run by the Connection) offered on site at both Primary Centers that will make it a full day for the kindergarten kids. Love it! Cons-pickkup needs improvement.Parent Review16y ago - Summit Sr High School
- 9-12
- Public
- 1161 Students
9/10GreatSchools RatingParent Rating AverageI think this school is fantastic and that the greatschools.com rating is misleading. Sports and coaches here are top notch. If you’re looking for really good academics along with excellent sports, this is your school. They consistently send students to top tier college programs for DIV I in a range of sports and are consistently competing for the Tournament of Champions in boys and girls sports.Other Review6y ago - L C Johnson Summit Middle School
- 6-8
- Public
- 942 Students
8/10GreatSchools RatingParent Rating AverageCurrently, there is one girls bathroom open and almost all the boys bathrooms are open.Student Review2mo ago - Lincoln Hubbard Elementary School
- 1-5
- Public
- 328 Students
9/10GreatSchools RatingParent Rating AverageGreat school with excellent teachers. Class sizes have gone up but there is still availability of computer room, art class room, .. Principal reaches out to teachers, staff and parents.Parent Review15y ago 
Check out schools near 24 Franklin Pl.
What Locals Say about Summit
At least 241 Trulia users voted on each feature.
91 % Say it's dog friendly
82 % Say people would walk alone at night
82 % Say there's holiday spirit
79 % Say car is needed
76 % Say it's walkable to restaurants
75 % Say kids play outside
74 % Say parking is easy
74 % Say yards are well-kept
71 % Say it's quiet
70 % Say there are sidewalks
66 % Say they plan to stay for at least 5 years
61 % Say streets are well-lit
61 % Say there's wildlife
61 % Say there are community events
58 % Say neighbors are friendly
41 % Say it's walkable to grocery stores
Learn more about our methodology.
LGBTQ Local Legal Protections
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Arlene Gorman Gonnella, Weichert Realtors
Agent Phone: (201) 306-1357
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
24 Franklin Pl, Summit, NJ 07901 is a 6 bedroom, 5 bathroom, 3,712 sqft multi-family built in 1898. This property is currently available for sale and was listed by GSMLS on Mar 27, 2026. The MLS # for this home is MLS# 4017192.