For Multi Family

24 Franklin Pl,Summit City, NJ 07901-3657

December 16, 2025

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!!!

Property ID:PT-20996498-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,888,000 $

Bedrooms:6

Year Built:1898

Listing Details

Status: Active

Location

County: Union

Lotsize: 65X180

Lot Identifier: 17

Lot Description: Level Lot

Lot Identifier: 17

Home Details

Subdivision: Northside Downtown

Open Parking: 8

Basement: Yes

Renovated: 2023

Basmnt/Desc: Yes - Full, Unfinished

Acreage: 0.27

Total Baths: 5.00

Unit Style: 3-Three Story

Number of Units: 4

Rooms: 23

Easement/Desc: Unknown

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle, Flat

Possesion: TBA

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 3

Unit 1 Beds: 1

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 845

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 3

Unit 2 Beds: 1

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 703

Unit 2 Rent: 1650

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 2475

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 2

Unit 3 Rooms: 6

Unit 3 Beds: 3

Unit 3 Baths: 2.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 1443

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 4 Levels: 3

Unit 4 Rooms: 3

Unit 4 Beds: 1

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 SqFt: 721

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Block Identifier: 3401

County Number: 29

Town Number: 2918

YB/Desc: 1898 - Approximate, Renovated

Easement: Unknown

Parking/Driveway Description: 2 Car Width, Assigned, Blacktop

Block Identifier: 3401

County Number: 29

Town Number: 2918

Possession: TBA

Taxes, Fees & Assessments

Warranty: No

Tax ID For Property: 2918-03401-0000-00017-0000-

Tax Amount: $15,934.00

Tax Year: 2024

Tax Rate: 4.356%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $150,400.00

Building Assessment: $215,400.00

Total Assessment: $365,800.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Electric, Gas-Natural

Heat System: 3 Units, Baseboard - Hotwater, Radiators - Hot Water

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Services: Cable TV Available, Garbage Included

Schools

Grade School: Lincoln-Hubbard

Middle School: Summit MS

High School: Summit HS

Other

Zoning: Residential

Blinds
Carbon Monoxide Detector
Carpeting
Curbs
Deck
Fire Extinguisher
High Ceilings
See Remarks
Sidewalk
Smoke Detector
Storm Window(s)
Thermal Windows/Doors
Tile Floors
Wood Floors

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Listing Details

24 Franklin Pl,Summit City, NJ 07901-3657

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