Landisville Duplex Investment
For Sale
$375,000
104 N Franklin Street, Landisville, NJ 08326
MULTI_FAMILY - Landisville, NJ
Property Size2,048 SF
Lot Size0.34 Acres
Price / SF$183.11
Days on Market100
Property Features for 104 N Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Basement
Full
Middle school
Clearley
Directions
GPS
Standard status
Active
APN
04-00135-0000-00007
Size
2,048 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5037
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
HomeSmart First Advantage
(732) 352-1000
Listed By:
David Kandel · License #1969173
(732) 352-1000
Added: Apr 29
Changed: Jul 17
Last Checked: Aug 6 at 12:06AM
MLS# 22612125
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex in Landisville, NJ, presents an investment opportunity. Unit 104A, located on the first floor, is a 2-bedroom, 1-bathroom unit that is currently vacant; the prior rent was $1775 per month, with the tenant responsible for utilities. Unit 104B, situated on the second floor, features 3 bedrooms and 1 bathroom and is currently rented for $1375 per month, with the tenant vacating on 5/31/2026. The property includes a basement with outside access only. All utilities are separate, except for water and sewer. A gas service connection is available in the street. The lot size is 0.34 acres. The backyard is large. The property is being sold in As-Is condition, with the buyer responsible for all certifications, inspections, and repairs. The property size is 2048 square feet.
Key Highlights
- Duplex: Income‑producing investment opportunity.
- Turn‑key 2BR, 1BA unit (104A) with potential rental income (previously $1775/month).
- Second unit (104B) is a 3BR, 1BA, currently rented at $1375/month until 5/31/2026.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $33.3k | $16.27 |
| − OpEx | −$10.0k | −$4.88 |
| NOI | $23.3k | $11.39 |
2,048 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,323 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$292.9K
$256.3K – $341.7K
NOI $20,500 @ 7.0% cap · market cap 5.47%
Theoretical Best
Warehouse
$762.7K
$667.3K – $889.8K
NOI $53,386 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 08326, NJ
1,600
Population
539
Households
3
Avg Household Size
39
Median Age
27%
College-Educated
91%
High-School Grad
3.2 sq mi
ZIP Area
500
Density / Sq Mi
$74,891
Median Household Income
$60,550
Median Earnings
$1,490
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with tenant in place and development potential.
Where is this duplex located?
The property is located at 104 N Franklin Street Landisville, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex: Income‑producing investment opportunity.; Turn‑key 2BR, 1BA unit (104A) with potential rental income (previously $1775/month).; Second unit (104B) is a 3BR, 1BA, currently rented at $1375/month until 5/31/2026.
