Sun-Filled Multifamily Home in
24 Franklin Place, Summit, NJ 07901
Well-maintained four-unit multifamily home near Summit Train Station.
Type:Multi Family / 3-Three Story
Property size:
721 SFPrice / SF:
$2,618/SF- Added:
- Nov 28, 2025
- Days on Market:
- 186
- Last Refresh:
- Mar 13 at 1:40 pm
Property Features for 24 Franklin Place
General Information
- Standard status
- Active
- Size
- 721 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 1898
Listing agent ARLENE GORMAN GONNELLA License #210443 (973) 376-4545
Listing office WEICHERT REALTORS (973) 376-4545
Listing date Nov 28, 2025
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT REALTORS
HighLights
- Three vacant units offer immediate rental income or owner‑occupancy flexibility.
- Prime location: short walk to Summit Train Station and Downtown, ideal for commuters to Manhattan/Wall Street.
- Highly rated Summit schools enhance property value and appeal to families.
- Newly remodeled 3‑bedroom unit on the 2nd floor is ideal for owner occupancy or premium rental income.
- Eight parking spaces provide additional income potential.
- Potential for conversion to 5 units with condo plans already drawn up.
Overview
This sun-filled and well-maintained four-unit multifamily home features a front lawn and backyard. Located in the heart of Summit, it is a short walk to the Summit Train Station and downtown area. The property is ideal for owners or renters who commute to Manhattan and Wall Street. The first floor contains two one-bedroom apartment units. Unit A includes one bedroom, one bath, and a living room with a panoramic bay window. The living room and bedroom are separated by a French door. Apartment B has one bedroom, one living room, a bath, and a large oversized kitchen with a large dining area. The entire second floor is a newly remodeled three-bedroom unit with a large living room. The remodeled kitchen and new wood floors in the living room complement the three bedrooms. The unit also features a coffered ceiling and two bathrooms. The third floor houses the remodeled fourth unit with new hardwood floors, a comfortable bedroom, and a spacious living room. The new kitchen has new appliances. The property has 8 parking spaces. There is potential for conversion to 5 units, and condo plans have been drawn up by an architect. The property size is 721 square feet.
Location Intelligence
Current Use by Public Records
CCM Water Emergency ...
Hardware & Home Improvement
The Popular Mechanic
Auto Repair Shop
Parker's Petals
(Bike/Boat/Book/etc) Store
Hg Edwards
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Summit
- County
- Union
- State
- New Jersey
- Longitude
- -74.3529136
- Latitude
- 40.716497
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FAQs
What type of property is this?
Quadplex - Well-maintained four-unit multifamily home near Summit Train Station.
Where is this quadplex located?
The property is located at 24 Franklin Place Summit, NJ.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Three vacant units offer immediate rental income or owner‑occupancy flexibility.; Prime location: short walk to Summit Train Station and Downtown, ideal for commuters to Manhattan/Wall Street.; Highly rated Summit schools enhance property value and appeal to families.
