Two-Unit Duplex with Three-Car
New
For Sale
$850,000
503 Franklin St, Elizabeth, NJ 07206
Separate garage and parking areas currently generate additional income alongside the residential units.
Property SizeContact for details
Days on Market2
Property Features for 503 Franklin St
General Information
Standard status
Active
Total Parking Spaces
9
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,734
Amenities
hardwood floors
updated kitchen with stainless-steel appliances
front porch
large paved area
bonus space on third floor
partially finished basement
Building Details
Year Built
1901
Buildings
1
Units
2
Listing Agency:
RE/MAX FIRST REALTY II
Listed By:
KERWIN LYNCH · License #9590780
(973) 342-7006
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:55PM
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 FIRST REALTY II
Investment Insights
Based on property information with market context.
Built in 1901, this two-unit duplex has two bedrooms and one full bathroom in each apartment. Interior features include hardwood floors, an updated kitchen with stainless-steel appliances, and spacious living areas. Bonus space occupies the third floor, and the basement is partially finished. One apartment is vacant; the other tenancy is expected to become month-to-month next month.
The property includes a three-car garage and approximately six additional parking spaces, with garage and parking use currently producing income. A large paved area and front porch round out the exterior features. The property is at 503 Franklin St in Elizabeth City, New Jersey.
The property includes a three-car garage and approximately six additional parking spaces, with garage and parking use currently producing income. A large paved area and front porch round out the exterior features. The property is at 503 Franklin St in Elizabeth City, New Jersey.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bath
- Three‑car garage and approximately 6 additional parking spaces
- Garage and parking currently provide additional income
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate garage and parking areas currently generate additional income alongside the residential units.
Where is this duplex located?
The property is located at 503 Franklin St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bath; Three‑car garage and approximately 6 additional parking spaces; Garage and parking currently provide additional income
