Renovated Three-Unit
For Sale
$715,000
Pending
523 Franklin St, Elizabeth, NJ 07206
Newly renovated three-unit property with stainless steel appliances and shared backyard space for all occupants.
Property SizeContact for details
Days on Market66
Property Features for 523 Franklin St
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,932
Building Details
Year Built
1905
Units
3
Listing Agency:
(908) 273-2991
Listed By:
ROSANN LARDIERI
Source:
Elliman
Added: Jun 18
Changed: Aug 15
Last Checked: Aug 21 at 9:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROSANN LARDIERI
Investment Insights
Based on property information with market context.
This for-sale triplex offers three income-producing units configured for either full rental or owner occupancy with tenant help. The public remarks indicate each unit has been newly renovated on each floor and includes new stainless steel appliances, supporting an owner or tenant experience that is ready to rent. The property also includes backyard use for all occupants, creating shared outdoor space tied to the residential units.
The property is described as very walkable, with a walkScore of 84, and good transit, with a transitScore of 58. It is also bikeable, with a bikeScore of 53. These location attributes may be particularly useful for prospective tenants who prefer easy access to daily services and transit options.
From a practical leasing or ownership standpoint, the layout supports flexible use: owners can rent all three units to generate income, or occupy one unit while leasing the others. Because the renovations and new stainless steel appliances are explicitly noted, the property may appeal to buyers seeking a turn-key, update-forward residential income asset without needing to coordinate immediate in-unit upgrades.
The property is described as very walkable, with a walkScore of 84, and good transit, with a transitScore of 58. It is also bikeable, with a bikeScore of 53. These location attributes may be particularly useful for prospective tenants who prefer easy access to daily services and transit options.
From a practical leasing or ownership standpoint, the layout supports flexible use: owners can rent all three units to generate income, or occupy one unit while leasing the others. Because the renovations and new stainless steel appliances are explicitly noted, the property may appeal to buyers seeking a turn-key, update-forward residential income asset without needing to coordinate immediate in-unit upgrades.
Key Highlights
- Three‑family income‑producing property built in 1905
- All units are newly renovated and feature new stainless steel appliances
- Options to rent all three units or owner‑occupy and rent the others
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Newly renovated three-unit property with stainless steel appliances and shared backyard space for all occupants.
Where is this triplex located?
The property is located at 523 Franklin St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Three‑family income‑producing property built in 1905; All units are newly renovated and feature new stainless steel appliances; Options to rent all three units or owner‑occupy and rent the others
