$625,000

69 New Jersey 23 Franklin, NJ 07416

Estimated payment $4,420/month

5 Beds
3.5 Baths
3,651 Sq Ft
$171 Price per Sq Ft

About This Home

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.

Listing Agent

JUSTIN JUBA

JUBA TEAM REALTY Brokerage Phone: 973-874-0800 Listed on: 11/30/2025

Co-Listing Agent

NICHOLAS P JUBA

JUBA TEAM REALTY Brokerage Phone: 973-874-0800

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,546

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Franklin Elementary And Middle School
  • Wallkill High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil Above Ground
  • Propane
  • Private Water Source
  • Well
  • Electric Water Heater

Community Details

  • 3,651 Sq Ft Building
  • Net Operating Income $999,999

Listing and Financial Details

  • Assessor Parcel Number 2806-02401-0000-00009-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,546

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1920
  • Year Built Description: Approximate
  • County Name: Sussex
  • Easements Description: SEWAGE
  • Directions: Rt 23 South to 69.
  • I D: 5399340
  • Section Subdiv Development: Rt 23 South
  • Attribution Contact: 973-874-0800
  • MLS Status: Active
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher
  • Bedrooms: 5
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished, Walkout

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 5
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Oil Tank Above Ground - Inside
  • Heating: 1 Unit, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Gas In Street, Gas-Propane
  • Water: Private, Well
  • Water Heater: Electric

Schools

  • High School: WALLKILL
  • Middle Jr High School: FRANKLIN

Lot Info

  • Lot Size: .107 AC
  • Easement: Yes
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11
  • Zoning: HC-2

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 13546
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2806-02401-0000-00009-0000-
  • Tax Rate Amount: 2.654
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

MLS Schools

  • Grade School: FRANKLIN

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2025 11/30/25 For Sale $625,000 -- $171 / Sq Ft
Source: Garden State MLS

Source: Garden State MLS

MLS Number: 3999676

Garden State MLS