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Duplex With Attic Flex Space
New
For Sale
$699,000

257 Franklin St, Elizabeth, NJ 07206

Two residential units provide distinct layouts, while an additional attic level adds three rooms and a full bathroom.

Property SizeContact for details
Days on Market2

Property Features for 257 Franklin St

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,753

Building Details

Year Built 1880
Buildings 1
Stories 3
Units 2
Listing Agency: RE/MAX NEW MILLENNIUM GROUP
Listed By: WENDY BANEGAS
Source: Elliman
Added: Sep 13 Last Checked: Sep 13 at 2:38PM

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 RE/MAX NEW MILLENNIUM GROUP

Investment Insights

Based on property information with market context.

This two-family property includes separate first- and second-floor apartments. The first-floor unit has 3 bedrooms, 1 full bathroom, a living room, and an eat-in kitchen, and is currently rented month-to-month. The second-floor apartment offers 3 bedrooms, an office or flex room, a living room, an eat-in kitchen, and 2 full bathrooms.

The third-floor attic adds 3 rooms for flexible living space along with another full bathroom. The property is near major highways, schools, shopping, restaurants, and entertainment. Walk Score is 77, Bike Score is 53, and Transit Score is 34.

Key Highlights

  • Two‑family property with separate first- and second‑floor apartments
  • First‑floor unit includes 3 bedrooms, 1 full bathroom, and month‑to‑month occupancy
  • Second‑floor unit offers 3 bedrooms, an office or flex space, and 2 full bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Garden Center Parking Lot & Garage Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,369
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units provide distinct layouts, while an additional attic level adds three rooms and a full bathroom.
Where is this duplex located?
The property is located at 257 Franklin St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family property with separate first- and second‑floor apartments; First‑floor unit includes 3 bedrooms, 1 full bathroom, and month‑to‑month occupancy; Second‑floor unit offers 3 bedrooms, an office or flex space, and 2 full bathrooms
More about this property
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