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.
Active
$625,000
69 State Rt 23, Franklin Boro, NJ 07416
5beds
3,651sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$171/sqft
$-- HOA
What's special
On-site parkingExcellent highway exposure
- 17 days |
- 697 |
- 32 |
Zillow last checked: 10 hours ago
Listing updated: December 01, 2025 at 03:59am
Listed by:
Justin Juba 973-874-0800,
Juba Team Realty,
Nicholas P Juba
Source: GSMLS,MLS#: 3999676
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3.1
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- 1 Unit, Baseboard - Hotwater, Oil Tank Above Ground - Inside
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Bedrooms, Family Room, Kitchen, Eat-In Kitchen, Living Room, See Remarks
- Basement: Yes,Full,Unfinished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,651
- Total interior livable area: 3,651 sqft
Property
Parking
- Total spaces: 5
- Parking features: 2 Car Width
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791.6 Square Feet
- Dimensions: .107 AC
Details
- Parcel number: 2806024010000000090000
- Zoning description: HC-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1920
- Major remodel year: 2025
Utilities & green energy
- Gas: Gas In Street, Gas-Propane
- Sewer: Public Sewer
- Water: Private, Well
- Utilities for property: Gas In Street, Propane
Community & HOA
Community
- Security: Carbon Monoxide Detector, Fire Extinguisher
- Subdivision: Rt 23 South
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $523,600
- Annual tax amount: $13,546
- Date on market: 11/30/2025
- Total actual rent: 785
- Tenant pays: Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/30/2025 | Listed for sale | $625,000$171/sqft |
Source:  GSMLS #3999676 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$4,407/mo
Principal & interest
$3047
Property taxes
$1141
Home insurance
$219
Climate risks
Neighborhood: 07416
Nearby schools
GreatSchools rating
- 6/10Franklin Elementary SchoolGrades: PK-8Distance: 0.8 mi
- 4/10Wallkill Valley Reg High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: Franklin
- Middle: Franklin
- High: Wallkill
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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