For Multi Family

69 State Rt 23,Franklin Boro, NJ 07416-1906

November 30, 2025

Fantastic opportunity on highly visible Route 23! This building offers a spacious retail storefront on the main level along with three income-producing residential units above, making it ideal for investors or owner-operators seeking strong cash flow. The property features on-site parking, a full unfinished basement for storage, and flexible HC zoning that supports a wide variety of commercial uses. With excellent highway exposure, steady local traffic, and built-in rental income from the residential apartments, this property delivers exceptional value and long-term potential in the heart of Franklin.

Property ID:PT-16509428-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 625,000 $

Bedrooms:5

Year Built:1920

Listing Details

Status: Active

Location

County: Sussex

Lotsize: .107 AC

Lot Identifier: 9

Home Details

Subdivision: Rt 23 South

Open Parking: 5

Basement: Yes

Renovated: 2025

Basmnt/Desc: Yes - Full, Unfinished, Walkout

Acreage: 0.11

Total Baths: 3.10

Unit Style: 2-Two Story

Number of Units: 4

Rooms: 10

Easement/Desc: Yes

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Negotiable

Unit 1 Appliances/Equipment: CarbMDet,CookGas,SmokeDet

Unit 1 Levels: 1

Unit 1 Rooms: 3

Unit 1 Beds: 1

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Rent: 785

Unit 1 Room Description: Bedrooms, Family Room, Kitchen

Unit 1 Security Deposit: 1000

Unit 2 Appliances/Equipment: CarbMDet,CookGas,SmokeDet

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Appliances/Equipment: CarbMDet,CookGas,SmokeDet

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 3 Handicap: No

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 4 Appliances/Equipment: CarbMDet,CookGas,SmokeDet

Unit 4 Levels: 1

Unit 4 Rooms: 1

Unit 4 Beds: 1

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 4 Handicap: No

Color of Building: GREY

Block Identifier: 2401

County Number: 28

Town Number: 2806

YB/Desc: 1920 - Approximate

Color of Building: GREY

Easement: Yes

Parking/Driveway Description: 2 Car Width

Block Identifier: 2401

County Number: 28

Town Number: 2806

Possession: Negotiable

Taxes, Fees & Assessments

Gross Operating Income: 999999

Net Operating Income: 999999

Expense Include: Maintenance, Taxes

Warranty: No

Tax ID For Property: 2806-02401-0000-00009-0000-

Tax Amount: $13,546.00

Tax Year: 2024

Tax Rate: 2.654%

Tax Rate Year: 2025

Land Assessment: $176,800.00

Building Assessment: $346,800.00

Total Assessment: $523,600.00

FHA Age Restricted: No

Utilities

Water Heater: Electric

Heat Source: Oil Tank Above Ground - Inside

Heat System: 1 Unit, Baseboard - Hotwater

Cool System: Window A/C(s)

Water: Private, Well

Sewer: Public Sewer

Utilities: Gas In Street, Gas-Propane

Schools

Grade School: FRANKLIN

Middle School: FRANKLIN

High School: WALLKILL

Other

Zoning: HC-2

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Listing Details

69 State Rt 23,Franklin Boro, NJ 07416-1906

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