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-40 Prospect Street, 
Summit, NJ 07901

$1,700,000

3

Beds

2

Baths

1,940

Sq Ft

Single Family

Active

Listed by

Senada Grafas

eXp Realty, LLC.

Last updated:

January 2, 2026, 04:38 PM

MLS#

2607798R

Source:

NJ MCMLS

About This Home

-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

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1923

Price Summary

1,700,000

$876 per Sq. Ft.

MLS #:

2607798R

Last Updated:

January 2, 2026, 04:38 PM

Added:

1 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

1,940 Sq. Ft.

Structure

Structure

Architectural Style:

Colonial

Building Area:

1,940 Sq. Ft.

Year Built:

1923

Lot

Lot Size (Sq. Ft):

13,503

Finances & Disclosures

Finances

Price:

$1,700,000

Price per Sq. Ft:

$876 per Sq. Ft.

Source:NJ MCMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.