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    97 Newport Ave East Franklin, NJ 08873

    For Sale
    $975,000

    Fully renovated four-unit building in a thriving commercial district.

    Lot size:
    0.28 Acres

    Property Features for 97 Newport Ave East

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1960

    Source: COLDWELL BANKER REALTY Agent MYRIAM CRUZ

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Income-Generating Four-Unit Building

    This is an income-generating building featuring four separate units. Each unit has been thoughtfully updated and is currently occupied, providing immediate and steady cash flow. The property is situated in a prime, high-visibility location within a thriving commercial district, offering excellent exposure and long-term growth potential. This building combines modern updates, strong tenancy, and a strategic location.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Franklin
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.5325
    Latitude
    40.5013

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    FAQs

    What type of property is this?
    Quadplex - Fully renovated four-unit building in a thriving commercial district.
    Where is this quadplex located?
    The property is located at 97 Newport Ave East Franklin, NJ.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Fully renovated building with four separate, currently occupied units.; - Immediate and steady cash flow from day one.; - Prime, **high-visibility location** in a thriving commercial district.
    (908) 782-6850
    Request Owner's contact information
    97 Newport Ave East Franklin, NJ 08873
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    Franklin, NJ 08873
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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
    97 Newport Ave East Franklin, NJ 08873
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