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Franklin, NJ Multifamily Home for Sale

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    $625,000

    • 5 Beds
    • 3.5 Baths
    • 3,651 Sq Ft

    69 New Jersey 23, Franklin, NJ 07416

    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

    JUSTIN JUBA JUBA TEAM REALTY

    69 New Jersey 23, Franklin, NJ 07416

Why Live in Franklin

Franklin, NJ, known as the "Fluorescent Mineral Capital of the World," is a small community in Sussex County with a population of around 5,000. Located less than 90 minutes from New York City, Franklin offers a semi-rural lifestyle with less traffic and more nature. The town is home to historic sites like the Franklin Mineral Museum and The Sterling Hill Mining Museum, showcasing its rich mining history. Housing options include historic ranch-style homes, split levels, and colonials from the 1980s, typically set on expansive lots. The median home price is approximately $335,000. Franklin Elementary School and Wallkill Valley Regional High School are highly rated, providing quality education for local students. Route 23 serves as the main corridor for commuting and errands, making it easy to reach Manhattan in just over an hour. Dining options along Route 23 include a mix of Italian, Mexican, and traditional American cuisine, with The Quarry Grill offering a modern farmhouse setting. Franklin Boro Park provides outdoor attractions like fishing, boating, and kayaking on Franklin Pond, while Black Bear Golf Club and Wallkill Country Club offer golfing opportunities. The town's layout features nature-themed street names and a relaxed atmosphere, making it a peaceful place to live.

Home Trends in Franklin, NJ

Housing Trends

Median Sale Price
$395,000
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$275,000
Median 2 Bedroom Sale Price
$310,000
Average Price Per Sq Ft
$270
Number of Homes for Sale
13
Last 12 months Home Sales
94
Months of Supply
1.70
Median List Price
$392,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%
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