Mixed-Use Residential Income
For Sale
$1,175,000
847 Hamilton Street, Franklin, NJ 08873
MULTI_FAMILY - Franklin, NJ
Property Size3,360 SF
Lot Size0.11 Acres
Price / SF$349.70
Days on Market104
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
Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bathroom 3, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 1
Basement
Full
Middle school
Sampson G. Smith
High school
Franklin
Directions
Franklin Rd to Hamilton Ave
Standard status
Active
APN
08-00230-0000-00009
Size
3,360 SF
Lot size
0.11 Acres
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- Fairfield
(855) 450-0442
Listed By:
John Natale · License #0790719
(855) 450-0442
Added: Apr 24
Changed: Aug 4
Last Checked: Aug 5 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use residential income property includes three residential apartments plus two commercial stores, built with brick construction. The building offers central air cooling, a shingle roof, and public water and public sewer service. Interior layout includes a basement and room configuration covering bedrooms 1 through 5 and bathrooms 1 through 5.
The property is located at 847 Hamilton Street in Franklin, New Jersey (Somerset County) and is identified with a lot size of 0.11 acres and a property size of 3,360 square feet.
The combination of residential and storefront space can support multiple leasing opportunities within a single building, with the existing apartment and commercial-store layout already in place.
The property is located at 847 Hamilton Street in Franklin, New Jersey (Somerset County) and is identified with a lot size of 0.11 acres and a property size of 3,360 square feet.
The combination of residential and storefront space can support multiple leasing opportunities within a single building, with the existing apartment and commercial-store layout already in place.
Key Highlights
- Three residential apartments plus two commercial stores
- Brick construction with central air and shingle roof
- Public water and public sewer
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $30.00 |
| − Vacancy | −$6.9k | −$2.04 |
| EGI | $93.9k | $27.96 |
| − OpEx | −$42.3k | −$12.58 |
| NOI | $51.7k | $15.38 |
3,360 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$738.1K
$645.9K – $861.2K
NOI $51,670 @ 7.0% cap · market cap 4.40%
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
409
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick mixed-use building with central air, public water and sewer, and five-bedroom, five-bath layout across apartments and retail.
Where is this residential income 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 plus two commercial stores; Brick construction with central air and shingle roof; Public water and public sewer
