Listing Details

477 Lewis St,Franklin Twp., NJ 08873-3141

  • November 7, 2025

Description

Don’t miss out on a fantastic income-producing property in the heart of Franklin Township! With a combined 3,500 square feet, this duplex is perfect for an investor looking to maximize their ROI or an owner-occupant who wants to live in one unit while the other pays for the mortgage! The identical floor plans each offer the following; on the first floor, a sizeable kitchen, spacious living room, formal dining room, family room(possible expansion to a first-floor bedroom), and a half bath! Upstairs, you will find 4 huge bedrooms and a full bathroom! Unit B is recently renovated and ready for its next occupant! Unit A offers immediate rental income with room to increase! This property has the potential to offer a capitalization rate that is hard to find these days! With on-site and ample off-street parking and yard space, and just minutes away from Franklin Middle School and Hillcrest Elementary, as well as plenty of shopping, restaurants, and entertainment options, this property truly offers it all. Make an appointment today!

Details

Last Updated On: November 7th, 2025 at 12:25 am
Property ID:PT-9357978-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 799,000 $
Bedrooms:8
Year Built:2005

Additional Details

Listing Details

Status: Active

Location

County: Somerset
Lotsize: 50X200
Lot Identifier: 58
Lot Identifier: 58

Home Details

Open Parking: 6
Basement: Yes
Basmnt/Desc: Yes - Crawl Space
Acreage: 0.23
Total Baths: 2.20
Unit Style: Duplex-Side by Side
Number of Units: 2
Rooms: 16
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: At Closing
Unit 1 Appliances/Equipment: Range/Oven - Gas, Smoke Detector
Unit 1 Levels: 2
Unit 1 Rooms: 8
Unit 1 Beds: 4
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Unit 1 Handicap: No
Unit 1 SqFt: 1750
Unit 1 Rent: 3000
Unit 1 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Laundry Room, Living Room
Unit 2 Appliances/Equipment: Range/Oven - Gas, Smoke Detector
Unit 2 Levels: 2
Unit 2 Rooms: 8
Unit 2 Beds: 4
Unit 2 Baths: 2.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Unit 2 Handicap: No
Unit 2 SqFt: 1750
Unit 2 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Laundry Room, Living Room
Block Identifier: 227
County Number: 27
Town Number: 2708
YB/Desc: 2005 - Approximate
Easement: Unknown
Parking/Driveway Description: Off-Street Parking
Block Identifier: 227
County Number: 27
Town Number: 2708
Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 15000
Net Operating Income: 21000
Expense Include: Garbage Collection, Insurance, Taxes
Tax ID For Property: 2708-00227-0000-00058-0000-
Tax Amount: $11,582.00
Tax Year: 2024
Tax Rate: 1.748%
Tax Rate Year: 2024
Land Assessment: $220,000.00
Building Assessment: $607,600.00
Total Assessment: $827,600.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: Baseboard - Hotwater
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Services: Garbage Extra Charge

Statistics

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