503 Franklin St

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Address: 503 Franklin St, Elizabeth, NJ 07206, USA
New York & Tri-State + 2-4 Units
Created date: September 25, 2026
Date last updated: September 25, 2026
Price: $850,000Investment Analyzer NEW!

Property Description

THE HOUSE IS ONLY PART OF THE OPPORTUNITY AT 503-505 FRANKLIN ST. THIS TWO-FAMILY SITS ON A DOUBLE LOT AND OFFERS A 3-CAR GARAGE PLUS APPROXIMATELY 6 ADDITIONAL PARKING SPACES, WITH THE GARAGES AND PARKING CURRENTLY PROVIDING ADDITIONAL INCOME. EACH UNIT FEATURES 2 BEDROOMS, 1 FULL BATH, AND GENEROUS LIVING SPACE, WHILE BONUS SPACE ON THE THIRD FLOOR AND A PARTIALLY FINISHED BASEMENT PROVIDE ADDITIONAL FLEXIBILITY. THE FIRST-FLOOR UNIT IS VACANT, WHILE THE SECOND-FLOOR TENANCY IS EXPECTED TO BE MONTH-TO-MONTH BEGINNING NEXT MONTH. INSIDE, YOU'LL FIND HARDWOOD FLOORS, SPACIOUS ROOMS, AND AN UPDATED KITCHEN WITH STAINLESS-STEEL APPLIANCES. OUTSIDE, A LARGE PAVED AREA, FRONT PORCH, 3-CAR GARAGE, AND EXTENSIVE OFF-STREET PARKING HELP SET THIS PROPERTY APART. WITH TWO RESIDENTIAL UNITS PLUS EXISTING GARAGE AND PARKING INCOME, 503-505 FRANKLIN ST OFFERS MULTIPLE INCOME SOURCES IN ONE PROPERTY.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $850,000
No. of Units: 2
Year Built: 1901
Opportunity Zone: No
Price per unit: $425,000
Property Website Click Here
Number of Bedrooms: 5
Number of Bathrooms: 4
Address: 503 Franklin St, Elizabeth City, NJ 07206-1208, USA
Provided by:

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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Final Deal Analysis

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