Listing Details

24 Leupp Ln,Franklin Twp., NJ 08873-2959

  • December 21, 2025

Description

Delivered completely vacant and sitting on an exceptionally rare 34,560 sq ft (0.7934 acres) lot, this two-family fixer-upper is the kind of canvas investors and developers wait for, space, flexibility, and upside in one package.The existing layout offers a solid starting point for value-add: a 4-bedroom / 1-bath unit over a 1-bedroom / 1-bath unit. 5 bedrooms, 2 bathrooms, total ideal for a full renovation and reposition. With two separate units and vacant possession, you can move straight into your plan: renovate and hold, renovate and sell, or explore longer-term strategies based on what’s feasible for the site. What truly separates this opportunity is the nearly 0.8-acre parcel. Land like this opens the door to creative possibilities expanded outdoor amenities, parking, storage, potential addition/expansion, acknowledging that any future use, subdivision, or redevelopment would be subject to township approvals, zoning, permits, and due diligence. Bring your contractor, architect, and vision, this is a true investor-grade opportunity with room to add real value.

Details

Last Updated On: December 21st, 2025 at 4:26 am
Property ID:PT-21482154-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 440,000 $
Bedrooms:5
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Somerset
Lotsize: 144X240
Lot Identifier: 23.01
Lot Identifier: 23.01

Home Details

Open Parking: 8
Basement: Yes
Basmnt/Desc: Yes - Finished-Partially
Acreage: 0.79
Total Baths: 2.00
Unit Style: 3-Three Story
Number of Units: 2
Rooms: 8
Easement/Desc: No
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: immediate
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 1 Levels: 1
Unit 1 Rooms: 3
Unit 1 Beds: 1
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water
Unit 1 Handicap: No
Unit 1 SqFt: 500
Unit 1 Room Description: Bedrooms, Kitchen
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 2 Levels: 2
Unit 2 Rooms: 6
Unit 2 Beds: 4
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water
Unit 2 Handicap: No
Unit 2 SqFt: 1000
Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 2 Security Deposit: 2
Block Identifier: 363
County Number: 27
Town Number: 2708
YB/Desc: 9999 - Unknown
Easement: No
Parking/Driveway Description: 2 Car Width
Block Identifier: 363
County Number: 27
Town Number: 2708
Possession: immediate

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Taxes, Fees & Assessments

Tax ID For Property: 2708-00363-0000-00023-0001-
Tax Amount: $9,222.00
Tax Year: 2024
Tax Rate: 1.748%
Tax Rate Year: 2025
Land Assessment: $385,200.00
Building Assessment: $176,800.00
Total Assessment: $562,000.00
FHA Age Restricted: No

Statistics

Schedule a Tour

Similar Listings

102 S 12Th St,Newark City, NJ 07107-4225

750,000 $

S 12Th St, Newark City, Essex

Beds 7

151 Vermont Ave,Newark City, NJ 07106-2040

750,000 $

Vermont Ave, Newark City, Essex

Beds 9

233 W Runyon St,Newark City, NJ 07108

899,000 $

W Runyon St, Newark City, Essex

Beds 6

163 Sherdain,Paterson City, NJ 07502-1714

650,000 $

Sherdain, Paterson City, Passaic

Beds 6

117 S 12Th St,Newark City, NJ 07107-4211

799,000 $

S 12Th St, Newark City, Essex

Beds 9

333 Montclair Ave,Newark City, NJ 07104-1719

699,900 $

Montclair Ave, Newark City, Essex

Beds 5

Write a Review

440,000 $

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favourite homes and more

Sign up with email

Get started with your account

to save your favourite homes and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy
Powered by Estatik
Compare Properties
Add properties to compare.