For Sale13d on marketHistoric · 128 yrs
24 Franklin Pl
Summit, NJ, 07901 • 07901 • Union County
$1,748,000
$471/sqft
-$140,000 since Mar 27, 2026
Down payment assistance available
6Beds
5Baths
3,712Sqft
0.27 acLot
1898Built
Property DNA
Character Home
Built 1898 · 128 years of history
Northside Downtown
07901
Enhanced Security
Carbon Monoxide Detector(s) · Smoke Detector(s) · Carbon Monoxide Detector
Outdoor Living
Deck
Tile & Wood Floors
Quality flooring throughout
This home is getting attention
Listed 13 days ago · 2,226 views · 33 saves
Market activity
Demand and pricing signals for this listing
2,226 views
People checking out this listing
33 saves
Buyers have saved this home
13 days on market
Recently listed
$471/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 30% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1898 · Historic
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!
Estimated monthly payment
Based on current rates
$11,401/month
Principal & Interest$9,070
Property Tax$1,748
Insurance$583
Down payment20% ($349,600)
3%50%
Est. 6.75% rate · 30yr fixed · $1,398,400 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1898
Heating3 Units, Baseboard - Hotwater, Radiators - Hot Water, Electric, Natural Gas
CoolingWindow Unit(s)
Parking8 Parking spaces
Days on Zillow13 Days
Price/sqft$471
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1898
Stories3
Systems
Heating3 Units, Baseboard - Hotwater, Radiators - Hot Water, Electric, Natural Gas
CoolingWindow Unit(s)
RoofAsphalt Shingle,Flat
ConstructionAluminum Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
Parking2 Car Width, Assigned, Asphalt
BasementYes,Full,Unfinished
Lot0.27 Acres
Location & Tax
Neighborhood07901
Annual tax$16,354
Parcel1803401000000017
Bathrooms & Fees
Full baths5
Features & details
14 categories of property features
Interior Features
Interior
High Ceilings
Bedrooms
Eat-in Kitchen
Living Room
Eat-In Kitchen
Master Bedroom
Appliances
Dishwasher
Exhaust Fan
Range/Oven - Gas
Refrigerator
Kitchen Exhaust Fan
Gas Water Heater
Flooring
Carpet
Tile
Wood
Heating
3 Units
Baseboard - Hotwater
Radiators - Hot Water
Electric
Natural Gas
Cooling
Window Unit(s)
Windows
Storm Window(s)
Thermal Windows/Doors
Blinds
Exterior Features
Exterior
Curbs
See Remarks
Sidewalk
Parking
2 Car Width
Assigned
Asphalt
Construction
Aluminum Siding
Patio & Porch
Deck
Lot Features
Level
Security
Carbon Monoxide Detector(s)
Smoke Detector(s)
Carbon Monoxide Detector
Smoke Detector
Fire Extinguisher
Utilities
Electricity Connected
Natural Gas Connected
Cable Available
Garbage Included
Gas
Gas-Natural
Listing insights
Market data and value estimates
StatusFor Sale
Days on market13
Est. rent$5,562/mo
Price/sqft$471
On marketMar 27, 2026
PostedMar 27, 2026
MLS statusActive
MLS updatedMar 27, 2026
Tour days9
Views2,226
Favorites33
How are the schools in Summit?
3 schools rated nearby
Location
Summit, NJ, 07901
Price history
8 events
DateEventPrice$/sqftSource
Mar 27, 2026Price Change$1,748,000$471GSMLS
Dec 16, 2025Listed For Sale$1,888,000$509GSMLS
Jul 14, 2025Listing Removed$2,250$1Zillow Rentals
Jun 28, 2025Listed For Rent$2,250$1Zillow Rentals
Oct 20, 2023Listing Removed——Zillow Rentals
Oct 4, 2023Listed For Rent$2,275$1Zillow Rentals
Dec 5, 2019Listing Removed$1,395—Hunt.com
Nov 19, 2019Listed For Rent$1,395—Hunt.com
Price Change$1,748,000
Mar 27, 2026•$471/sqft•GSMLS
Listed For Sale$1,888,000
Dec 16, 2025•$509/sqft•GSMLS
Listing Removed$2,250
Jul 14, 2025•$1/sqft•Zillow Rentals
Listed For Rent$2,250
Jun 28, 2025•$1/sqft•Zillow Rentals
Listing Removed—
Oct 20, 2023•Zillow Rentals
Listed For Rent$2,275
Oct 4, 2023•$1/sqft•Zillow Rentals
Listing Removed$1,395
Dec 5, 20190•Hunt.com
Listed For Rent$1,395
Nov 19, 20190•Hunt.com
Tax history
24 years of records
YearTax paidAssessed value
Apr 10, 2025$15,934$365,800
Apr 10, 2024$15,934$365,800
Apr 10, 2023$15,828$365,800
Apr 10, 2022$15,667$365,800
Apr 10, 2021$15,792$365,800
Apr 10, 2020$15,967$365,800
Apr 10, 2019$15,865$365,800
Apr 10, 2018$15,967$365,800
Apr 10, 2017$15,733$365,800
Apr 10, 2016$15,426$365,800
Apr 10, 2015$15,027$365,800
Apr 10, 2014$14,859$365,800
Apr 10, 2012$14,007$365,800
Apr 10, 2011$13,677$365,800
Apr 10, 2010$13,129$365,800
Apr 10, 2009$12,565$365,800
Apr 10, 2008—$365,800
Apr 10, 2007$12,093$365,800
Apr 10, 2006—$365,800
Apr 10, 2005—$365,800
Apr 10, 2004—$365,800
Apr 10, 2003—$365,800
Apr 10, 2002—$365,800
Apr 10, 2001—$365,800
Nearby homes
Neighborhood details
Local context around this listing
Summit, NJ • Union County
Nearby neighborhoods
Tremont ParkWoodland Park
Nearby cities
CranfordElizabethLindenPlainfieldRahwayRoselleScotch PlainsSummit
Nearby zip codes
0790107902
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