Renovated Three-Unit
523 Franklin St Elizabeth, NJ 07206
523 Franklin St, Elizabeth, NJ, 07206
$725,000
For Sale
$725,000
Newly renovated three-unit property with stainless steel appliances and shared backyard space for all occupants.
Days on Market30
Property Features for 523 Franklin St
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing Agency
(908) 273-2991
Listed by
ROSANN LARDIERI
Source
Elliman
Added: Jun 18 Checked: Jul 16 at 6:29 am
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
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 $725,000.
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
