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    69 State Rt 23 Franklin, NJ 07416

    New
    For Sale
    $625,000

    Multi-Family, 2-Two Story - Franklin Boro, NJ

    Property size:
    3,651 SF
    Lot size:
    0.11 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 69 State Rt 23

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HC-2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Living Room
    Bedrooms
    5
    Bathrooms
    4
    Parking
    5
    Interior features
    Carbon Monoxide Detector, Fire Extinguisher
    Basement Y/N
    1
    Size
    3,651 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Juba Team Realty (973) 390-4664 [email protected]

    Listing agent JUSTIN JUBA (973) 390-4664

    Listing date Dec 1, 2025

    MLS# 3999676 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property on Route 23

    This mixed-use property is located on Route 23 and features a retail storefront on the main level, accompanied by three residential units above. The property is suitable for investors or owner-operators seeking cash flow. It includes on-site parking and a full unfinished basement for storage. The HC zoning allows for a variety of commercial uses. The lot size is 0.11 acres. The building size is 3,651 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.581866720691
    Latitude
    41.10614953674

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    FAQs

    What type of property is this?
    Mixed-use property - Retail storefront with three residential units on Route 23.
    Where is this mixed-use property located?
    The property is located at 69 State Rt 23 Franklin, NJ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Income-producing property with three residential rental units providing immediate cash flow.; - High-visibility location on Route 23 with excellent highway exposure and steady local traffic.; - Spacious retail storefront on the main level suitable for owner-operators or tenants.
    (973) 390-4664
    Request Owner's contact information
    69 State Rt 23 Franklin, NJ 07416
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    Franklin, NJ 07416
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    69 State Rt 23 Franklin, NJ 07416
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