40 Prospect Street, Summit NJ 07901
Photos
1 / 18251 days on market · Listed November 22, 2025
About 40 Prospect Street
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
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- ½ bathrooms: 1
Heating
- Forced Air
Cooling
- Multi Units
Features
- Basement: Unfinished
- Attic
- Fireplace: 1
Interior area
- Total interior livable area: 1,940 sqft
Property
Parking
- Garage spaces: 2
- Has garage: Yes
Features
- Stories: 2
- Other
Lot
- Size: 13,503.6 sqft (0.31 acres)
Details
- Parcel number: 18-03202-0000-00020
Construction
Type & style
- Home type: Residential
- Property subtype: Single Family Residence
- Architectural style: Detached, Colonial
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Location
- Region: Summit
HOA
- Has HOA: No
Financial & listing details
- Price per square foot: $876/sqft
- Tax assessed value: $345,200
- Annual tax amount: $15,037
- Date on market: 11/22/2025
- MLS#: 22535176
Why you'll love 40 Prospect Street in None, Summit, NJ
40 Prospect Street is a 3-bedroom, 2-bathroom home for sale in None, Summit, NJ. It offers approximately 1,940 square feet of living space and was built in 1923. It is offered at $1,700,000, MLS# 22535176.
Inside, 40 Prospect Street features 2 stories, a unfinished basement, a fireplace, forced Air heat and multi Units cooling. Other interior highlights include attic. Outdoor features include other. For parking, the property offers a 2-car garage. It sits on a lot of roughly 13,504 square feet (about 0.31 acres).
None offers convenient access to shopping, schools, parks, dining, and everyday essentials. Annual property taxes are approximately $15,037. To tour 40 Prospect Street in None, contact Neuhaus Realty — a family-run agency since 1969, now serving Monmouth & Ocean from our Red Bank office — to schedule a private showing.
Location
MLS# 22535176. Listing courtesy of EXP Realty. Listing information is provided by the Monmouth Ocean Regional MLS. Listing data is deemed reliable but is not guaranteed accurate by the MLS.
