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24 Franklin Pl,Summit City, NJ 07901-3657 | Wright Home Realty

Call us:

+01-123-4567

Listing Details

24 Franklin Pl,Summit City, NJ 07901-3657

  • December 17, 2025

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 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!!!

Details

Last Updated On: December 17th, 2025 at 9:29 pm
Property ID:PT-19772479-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 1,888,000 $
Bedrooms:6
Year Built:1898

Additional Details

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

Features

  • 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

Statistics

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