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5 Beds
4 Baths

$850,000

503 Franklin St, Elizabeth City NJ, 07206

Built in1901
Property typeMulti-family

Overview

Active

Listed Sep 25, 2026

Updated 2 days ago

THE HOUSE IS ONLY PART OF THE OPPORTUNITY AT 503-505 FRANKLIN ST. THIS TWO-FAMILY SITS ON A DOUBLE LOT AND OFFERS A 3-CAR GARAGE PLUS APPROXIMATELY 6 ADDITIONAL PARKING SPACES, WITH THE GARAGES AND PARKING CURRENTLY PROVIDING ADDITIONAL INCOME. EACH UNIT FEATURES 2 BEDROOMS, 1 FULL BATH, AND GENEROUS LIVING SPACE, WHILE BONUS SPACE ON THE THIRD FLOOR AND A PARTIALLY FINISHED BASEMENT PROVIDE ADDITIONAL FLEXIBILITY. THE FIRST-FLOOR UNIT IS VACANT, WHILE THE SECOND-FLOOR TENANCY IS EXPECTED TO BE MONTH-TO-MONTH BEGINNING NEXT MONTH. INSIDE, YOU'LL FIND HARDWOOD FLOORS, SPACIOUS ROOMS, AND AN UPDATED KITCHEN WITH STAINLESS-STEEL APPLIANCES. OUTSIDE, A LARGE PAVED AREA, FRONT PORCH, 3-CAR GARAGE, AND EXTENSIVE OFF-STREET PARKING HELP SET THIS PROPERTY APART. WITH TWO RESIDENTIAL UNITS PLUS EXISTING GARAGE AND PARKING INCOME, 503-505 FRANKLIN ST OFFERS MULTIPLE INCOME SOURCES IN ONE PROPERTY.

$5,655/mo

Est. mortgage payment based on a $850,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4055160

Interior Features

Bedrooms
5
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$10,734
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

Courtesy of RE/MAX FIRST REALTY II with KERWIN LYNCH,
Listing Contact: 9086641500 

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