Duplex with Three-Car
New
For Sale
$850,000
503 Franklin St, Elizabeth, NJ 07206
Multi-Family, 3-Three Story, Elizabeth City, NJ
Property SizeContact for details
Lot Size0.12 Acres
Days on Market3
Property Features for 503 Franklin St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Basement, Bathroom 1, Bedroom 3
Parking
6
Directions
Elizabeth Ave to 5th St to Franklin Ave
Standard status
Active
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10734
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1901
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX FIRST REALTY II · RE/MAX International
(908) 664-1500
Listed By:
KERWIN LYNCH · License #9590780
(973) 342-7006
Added: Sep 25
Last Checked: Sep 27 at 1:06PM
MLS# 4055160
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential property includes a three-car garage, a paved outdoor area, and a front porch. Interior features include hardwood flooring, an updated kitchen with stainless-steel appliances, bonus space on the third floor, and a partially finished basement. One apartment is vacant. The property occupies a 0.12-acre lot and was built in 1901.
The garage and parking area currently generate additional income. Public water and public sewer serve the property.
The garage and parking area currently generate additional income. Public water and public sewer serve the property.
Key Highlights
- Two residential units with a three‑car garage
- Approximately 6 additional parking spaces
- Garage and parking currently generate 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
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
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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 - A paved outdoor area and off-street parking complement the residential space.
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 residential units with a three‑car garage; Approximately 6 additional parking spaces; Garage and parking currently generate additional income
