242 Franklin St Elizabeth, NJ $ 475,000
242 Franklin St
$ 475,000
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242 Franklin St

Elizabeth, NJ, 07206
$ 475,000
Bedrooms5 Baths4.0

Monthly Estimate*

$ 2,925

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Single Family Home for sale in Elizabeth, NJ

for $475,000 with 5 bedrooms and 4 full baths. This home was built in 1950 on a lot size of 0.06.

Welcome to this spacious and move-in ready home located at 242 Franklin Ave in the heart of Elizabeth, just minutes from Newark Liberty International Airport and approximately 1.5 miles from Elizabeth Station with direct service to NYC! This beautifully maintained property offers an incredible amount of living space across multiple levels. The first floor features a welcoming living room, formal dining room, updated kitchen, one bedroom, a full bath, and direct access to the backyard perfect for entertaining or relaxing outdoors. The second floor offers four generously sized bedrooms and an additional full bath. Need even more space? The fully finished attic includes an extra room and full bath, ideal for a guest suite, home office, or recreation space. The partially finished basement features three additional rooms, a full bath, and a separate entrance, offering endless possibilities for extended living or flexible use. Very affordable taxes! Conveniently located near major highways, shopping, restaurants, public transportation, and Newark Airport, this home combines space, functionality, and location all in one. A fantastic opportunity for anyone looking for a move-in ready property with room to grow!

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Single Family Active

Price

$ 475,000

Bedrooms

5

Full Bath

4

Property Type

Single Family

Taxes

$ 6,712

Style

Colonial

Lot Size

0.06

Year Built

1950

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4025892

Features
General
Sewer Public Sewer
Heating 1 Unit Baseboard - Hotwater
Cooling Window A/C(s)
Utilities All Underground
Possession at closing
Roof Asphalt Shingle
Appliances Carbon Monoxide Detector Range/Oven-Gas
Garage Spaces 0
Architectural Style Colonial
Year Built 1950
Township Elizabeth City
Tax Year 2025
Ownership Fee Simple
Accessibility No
County Union
Total Rooms 8
Full Baths 4
Status Active
Directions Elizabeth Avenue to 3rd Street to Franklin
Open Parking Spaces 0
Tax Annual Amount 6712
Drive None
Standard Status Active
Tax Assessed Value 332800
Town # 2904
Tax Lot 7
Primary Style Colonial
Sub Property Type Single Family
Community Living No
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Interior
Basement Finished-Partially
Flooring Tile
Total Fireplaces 0
Other Room 1 Level First
Kitchen Level Ground
Living Room Level Ground
Dining Room Level Ground
Other Room 2 Level Second
Other Room 3 Level Basement
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 5
Kitchen Features Eat-In Kitchen Separate Dining Area
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Exterior
Pool No
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
ROMINA SCANDROGLIO

Listing Agent

Keller Williams Metropolitan

Broker

rominahomesnj@gmail.com

Email

Affordability Calculator

$3,484
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$559
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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2026$475,000 -90.00% Price Down
5/7/2026$4,750,000 Listed Price

Map


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242 Franklin St, Elizabeth, NJ, 07206 is a Single Family Home for sale at $475,000 with a lot size of 0.06. 242 Franklin St has 5 bedrooms, 4.0 baths, and was built in 1950. The property's zip code is 07206 which is in Elizabeth, NJ