Well-Maintained Three-Family
For Sale
$825,000
24 Franklin Ave, Maplewood, NJ 07040
Legal three-family home with tenant occupancy, private driveway parking, and a partially finished basement with laundry and half bath.
Property SizeContact for details
Days on Market44
Property Features for 24 Franklin Ave
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,901
Amenities
level backyard
partially finished basement
laundry area
half bath
storage rooms
utility room
Building Details
Year Built
1915
Units
3
Tenancy
Multi
Listed By:
SHERILL LACY
Source:
Elliman
Added: Jul 24
Changed: Aug 26
Last Checked: Sep 4 at 2:08PM
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 SHERILL LACY
Investment Insights
Based on property information with market context.
This bright and well-maintained legal three-family property offers three independently occupied apartments, providing immediate rental income. The home includes a partially finished basement with a laundry area, half bath, two storage rooms, and a utility room.
Outside, the property features a private driveway with ample off-street parking and a three-car detached garage. The backyard is described as level. The location is in the Hilton section of Maplewood, with nearby access to public transportation, parks, shopping, and restaurants.
With all three units currently tenant occupied and the property presented as move-in ready, the layout and improvements support an uncomplicated rental ownership setup.
Outside, the property features a private driveway with ample off-street parking and a three-car detached garage. The backyard is described as level. The location is in the Hilton section of Maplewood, with nearby access to public transportation, parks, shopping, and restaurants.
With all three units currently tenant occupied and the property presented as move-in ready, the layout and improvements support an uncomplicated rental ownership setup.
Key Highlights
- Legal three‑family home built in 1915 with all three apartments currently tenant occupied
- Private driveway plus ample off‑street parking, along with a three‑car detached garage
- Level backyard for outdoor space
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 07040, NJ
25,684
Population
8,981
Households
2.9
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
6,586
Density / Sq Mi
$167,428
Median Household Income
$72,475
Median Earnings
$2,184
Median Rent
$684,600
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?
Triplex - Legal three-family home with tenant occupancy, private driveway parking, and a partially finished basement with laundry and half bath.
Where is this triplex located?
The property is located at 24 Franklin Ave Maplewood, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Legal three‑family home built in 1915 with all three apartments currently tenant occupied; Private driveway plus ample off‑street parking, along with a three‑car detached garage; Level backyard for outdoor space
