Mixed-Use Property with
For Sale
$1,175,000
Pending
847 Hamilton Street, Franklin, NJ 08873
Multi-Family, Franklin, NJ
Property Size3,360 SF
Lot Size0.11 Acres
Days on Market187
Property Features for 847 Hamilton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mixed
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 5
Basement
Full
Middle school
Sampson G. Smith
High school
Franklin
Directions
Franklin Rd to Hamilton Ave
Standard status
Pending
APN
08-00230-0000-00009
Size
3,360 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
residential, commercial
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9844
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
5
Building materials
Brick
Roof type
Shingle
Listing Agency:
Real Broker, LLC- Hampton
Listed By:
John Natale
(855) 450-0442
Added: Apr 24
Changed: Oct 23
Last Checked: Oct 27 at 3:06AM
MLS# 22611540
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,360-square-foot brick property combines three residential apartments with two commercial storefronts. The building has central air conditioning and a shingle roof, with public water and public sewer service. It sits on a 0.11-acre parcel in Franklin, New Jersey.
Key Highlights
- Three residential apartments and two commercial storefronts
- 3,360 square feet of building area on a 0.11‑acre parcel
- Brick construction with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,464
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,280
$1.1M
Cap Rate 7%
$806,629
$806.6K
Cap Rate 9%
$627,378
$627.4K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$116.1K $34.56/SF
− Vacancy
−$25.8K −$7.67/SF
EGI
$90.3K $26.89/SF
− OpEx
−$33.9K −$10.08/SF
NOI
$56.5K $16.80/SF
Area
Somerset County, NJ
Vacancy
22.20%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,280
Cap Rate 7%
$806,629
Cap Rate 9%
$627,378
Alternative Uses
Best Use
Mixed Use
$806.6K
$705.8K – $941.1K
NOI $56,464 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$685.1K
$599.5K – $799.3K
NOI $47,958 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$877.4K
$767.7K – $1.02M
NOI $61,415 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Public water and sewer serve the brick building, which also has central air conditioning.
Where is this mixed-use property located?
The property is located at 847 Hamilton Street Franklin, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three residential apartments and two commercial storefronts; 3,360 square feet of building area on a 0.11‑acre parcel; Brick construction with central air conditioning
