503 Franklin St Elizabeth, NJ $ 850,000
503 Franklin St
$ 850,000
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503 Franklin St

Elizabeth, NJ, 07206
$ 850,000
Bedrooms5 Baths4.0

Monthly Estimate*

$ 5,367

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Multi-Family Home for sale in Elizabeth, NJ

for $850,000 with 5 bedrooms and 4 full baths. This home was built in 1901 on a lot size of 0.12.

THE HOUSE IS ONLY PART OF THE OPPORTUNITY AT 503-505 FRANKLIN ST. THIS TWO-FAMILY SITS ON A DOUBLE LOT AND OFFERS A 3-CAR GARAGE PLUS APPROXIMATELY 6 ADDITIONAL PARKING SPACES, WITH THE GARAGES AND PARKING CURRENTLY PROVIDING ADDITIONAL INCOME. EACH UNIT FEATURES 2 BEDROOMS, 1 FULL BATH, AND GENEROUS LIVING SPACE, WHILE BONUS SPACE ON THE THIRD FLOOR AND A PARTIALLY FINISHED BASEMENT PROVIDE ADDITIONAL FLEXIBILITY. THE FIRST-FLOOR UNIT IS VACANT, WHILE THE SECOND-FLOOR TENANCY IS EXPECTED TO BE MONTH-TO-MONTH BEGINNING NEXT MONTH. INSIDE, YOU'LL FIND HARDWOOD FLOORS, SPACIOUS ROOMS, AND AN UPDATED KITCHEN WITH STAINLESS-STEEL APPLIANCES. OUTSIDE, A LARGE PAVED AREA, FRONT PORCH, 3-CAR GARAGE, AND EXTENSIVE OFF-STREET PARKING HELP SET THIS PROPERTY APART. WITH TWO RESIDENTIAL UNITS PLUS EXISTING GARAGE AND PARKING INCOME, 503-505 FRANKLIN ST OFFERS MULTIPLE INCOME SOURCES IN ONE PROPERTY.

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Multi-Family Active

Price

$ 850,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,734

Style

3-Three Story

Lot Size

0.12

Year Built

1901

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4055160

Features
General
Sewer Public Sewer
Heating 2 Units
Cooling None
Utilities Gas In Street Gas-Natural
Possession closing
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 3
Architectural Style 3-Three Story
Year Built 1901
Garage Detached Garage
Township Elizabeth City
Tax Year 2025
Gross Income 0
County Union
Net Operating Income 0
Operating Expense 0
Total Rooms 12
Full Baths 4
Status Active
Directions Elizabeth Ave to 5th St to Franklin Ave
Open Parking Spaces 6
Number Of Units Total 2
Tax Annual Amount 10734
Drive 1 Car Width Blacktop Driveway-Exclusive
Standard Status Active
Tax Assessed Value 532200
Town # 2904
Tax Lot 29
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Interior
Basement Finished-Partially
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 5
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Exterior
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 50X100
Lot Size Acres 0.12
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* Excluded Features
List By
KERWIN LYNCH

Listing Agent

Re/Max First Realty Ii

Broker

kerwinlynch@gmail.com

Email

Affordability Calculator

$6,261
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,367
Monthly Property Taxes
$895
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/25/2026$850,000 Listed Price

Map


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503 Franklin St, Elizabeth, NJ, 07206 is a Multi-Family Home for sale at $850,000 with a lot size of 0.12. 503 Franklin St has 5 bedrooms, 4.0 baths, and was built in 1901. The property's zip code is 07206 which is in Elizabeth, NJ