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40 Prospect Street

Summit, NJ 07901
  • $1,700,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 22535176
$1,700,000
  • 3
    BEDS
  • 0.31
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,940
    SQFT
  • $876
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1923
County:
Area:

School Ratings & Info

Description

Introducing 40 Prospect Street - a rare opportunity in the heart of the highly desirable Summit, NJ! This longstanding 3BR/1.5BA colonial sits on an oversized lot and is ready for complete modern renovation / rebuild! Positioned in a quiet tree-lined neighborhood, this home is just minutes from downtown Summit and its restaurants, shopping, and direct rail service to NYC via NJ Transit. This property offers a combination of prime location, property size, top-rated schools, and more in one of Union County's most sought-after neighborhoods. To all homeowners and homebuilders, this is truly one with plenty of potential for its next chapter. Strictly ''AS IS'' sale, buyer responsible for C/O

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© 2026 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2026-01-15T00:19:09.743.
www.sellwithsikora.com/homes/170832109
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40 Prospect Street Summit, NJ 07901

  • Price: $1,700,000
  • Status: Active
  • On Site: 53 Days
  • MLS #: 22535176
3
Beds
1
Baths
1
½ Baths
0.31
Acres
1,940
SQFT
$876
$/SQFT
1923
Built
Neighborhood:
Canoe Brook
County:
Union
Area:
Summit (SUM)
Property Description
Introducing 40 Prospect Street - a rare opportunity in the heart of the highly desirable Summit, NJ! This longstanding 3BR/1.5BA colonial sits on an oversized lot and is ready for complete modern renovation / rebuild! Positioned in a quiet tree-lined neighborhood, this home is just minutes from downtown Summit and its restaurants, shopping, and direct rail service to NYC via NJ Transit. This property offers a combination of prime location, property size, top-rated schools, and more in one of Union County's most sought-after neighborhoods. To all homeowners and homebuilders, this is truly one with plenty of potential for its next chapter. Strictly ''AS IS'' sale, buyer responsible for C/O
Exterior Features

Architectural Style DetachedColonial Exterior Features Other Garage Detached Yes Garage YN Yes Parking Features [] Roof Shingle Waterfront Features [] Waterfront YN No Waterview No

Interior Features

Basement Unfinished Cooling Multi Units Cooling YN Yes Fireplaces Total 1 Flooring [] Heating Forced Air Heating YN Yes Interior Features Attic Rooms Total 0

Property Features

Assessment Assessed Yes Association Fee Includes [] Association YN No Lot Features [] Pool No Property Sub Type Single Family Residence Sewer Public Sewer Tax Annual Amount 15037 Tax Year 2024 Water Heater Natural Gas Yes Water Source []

Listing information © 2026 Monmouth-Ocean MLS. Listing provided courtesy of Senada Grafas of EXP Realty: 732-933-0200.


© 2026 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2026-01-15T00:19:09.743.
 
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eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042