16 Millstone Road Franklin Twsp, NJ $ 625,000
16 Millstone Road
$ 625,000
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16 Millstone Road

Franklin Twsp, NJ, 08873
$ 625,000
Baths2.0 Sq 1,952

Monthly Estimate*

$ 3,848

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Studio Multi-Family Home for sale in Franklin Twsp, NJ for $625,000 with 2 full baths. This 1,952 square foot home was built in 1960 on a lot size of 0.3214.

Discover the perfect blend of income potential and future possibilities at 16 Millstone Rd a well-maintained side-by-side duplex nestled on a huge corner lot. This rare opportunity offers two spacious, identical 3-bedroom 1 bath units, each delivering $1,695/month in rental income for a total of $3,390 monthly. With a desirable floor plan, huge space for parking and untapped upside, this property is an investor's dream in one of Somerset County's most sought-after towns. The house has a prime layout for easy living and renting. Thoughtful side-by-side design ensures privacy while simplifying maintenanceperfect for owner-occupancy in one half and renting the other. The expansive corner lot has endless potential (The lot holds exciting possibilities for subdivision but you must verify with the town). Current rents are attractively low for the area, offering immediate rental upside with just some cosmetic updating. Priced to sell in today's competitive market, 16 Millstone Rd combines growth potential with development upside. Whether you're looking to live in one unit and rent out the other, or scaling your portfolio, 16 Millstone is one you want to check out immediately. Best and final for our listing at 16 Millstone Road, Franklin Twp is due before Sunday December 14th at 5pm.

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Multi-Family Contingent

Price

$ 625,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,771

Style

Lot Size

0.3214

Year Built

1960

Town/City

Franklin Twsp

County/Region

Somerset

MLS | Web ID

2608141R

Features
General
Living Area 1952
Sewer Public Sewer
Heating Central Forced Air
Cooling A/C Wall Unit(s) A/C Window Unit(s)
Utilities See Remarks
Roof Asphalt
Zoning R7
Year Built 1960
Stories Count 2
Property Subtype 2 Family
Tax Year 2024
County Somerset
Property Type Residential Income
Full Baths 0
Close Price 0
Status Under Contract
City Franklin Twsp
Lot Size Square Feet 14000
Tax Annual Amount 7771
Living Area Units Square Feet
Standard Status Active Under Contract
Appliances Water Heater(See Remarks Gas) Water Heater Unit 1(Range/Oven Refrigerator) Unit 2(Range/Oven Refrigerator)
Gas Y/N Natural Gas
Virtual Tour https://www.propertypanorama.com/instaview/msx/2608141R
Garage Spaces 0
Ownership Fee Simple
Subdivision Name New Brunswick Estates
Garage Y/N false
Total Rooms 12
Carport Spaces 0
Carport Y/N false
Ok to Lease Unit 1(Month-Month) Unit 2(Month-Month)
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Interior
Interior Amenities Unit 1(Dining Room 3 Bedrooms Kitchen 1 Bath Living Room) Unit 2(Dining Room 3 Bedrooms Kitchen 1 Bath Living Room)
Flooring Unit 1 Carpet Unit 2 Carpet
Total Stories 2
Heating Y/N true
Half Baths 0
Total Baths 2
Basement Full Storage Space Utility Room
Total Bedrooms 0
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Exterior
Parking Features 4(+)Car Parking
Lot Features Near Shopping Corner Lot
Water Source Public
Lot Size Area 0.3214
Building Area Total 1952
Lot Dimensions 140.00 x 70.00
Lot Size Acres 0.3214
Covered Spaces 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded Features
List By
PETER TVERDOV

Listing Agent

Tverdov Housing

Broker

info@tvdhousing.com

Email

Affordability Calculator

$4,496
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,848
Monthly Property Taxes
$648
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2026$625,000 Listed Price

Map


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16 Millstone Road, Franklin Twsp, NJ, 08873 is a Multi-Family Home for sale at $625,000 with 1,952 sqft and a lot size of 0.3214. 16 Millstone Road is a studio with 2.0 baths and was built in 1960. The property's zip code is 08873 which is in Franklin Twsp, NJ