Active

Price cut: $50K (9/16)

$775,000

24 Franklin Ave, Maplewood Twp., NJ 07040

4beds

--sqft

$5,626/mo

Get pre-qualified

Multi Family

Built in 1915

-- sqft lot

$823,000 Zestimate^®

$--/sqft

$-- HOA

What's special

Level backyardThree-car detached garage

Welcome to this bright and well-maintained legal three-family property located in the desirable Hilton section of Maplewood, just a few blocks from the bus, jitney, parks, shopping, and restaurants. This attractive investment opportunity features a three-car detached garage, a private driveway with ample off-street parking, a level backyard, and a partially finished basement with a laundry area, half bath, two storage rooms, and a utility room. All three apartments are currently tenant occupied, providing immediate rental income. This well-maintained property presents a rare opportunity to own a turnkey investment in one of Essex County's most desirable communities.

82 days
733
60

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3.1
Full bathrooms: 3
1/2 bathrooms: 1

Heating

2 Units, Radiators - Steam, Natural Gas

Cooling

Ceiling Fan(s), Window Unit(s)

Appliances

Included: Exhaust Fan, Range/Oven - Gas, Refrigerator, Kitchen Exhaust Fan, Gas Water Heater

Features

High Ceilings, Dining Room, Eat-in Kitchen, Living Room, Master Bedroom, Bedrooms, Kitchen, Ceiling Fan(s)
Flooring: Carpet, Wood
Basement: Yes,Partially Finished,French Drain
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 5
Parking features: 2 Car Width, Additional Parking, Asphalt, Off Street, Detached Garage
Garage spaces: 3
Uncovered spaces: 5

Features

Levels: 3-Three Story
Stories: 3
Patio & porch: Open Porch(es), Patio
Exterior features: Sidewalk

Lot

Size: 4,791 Square Feet
Dimensions: 50 x 100

Details

Parcel number: 1611000490015000720000
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1915

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Fiber Optic Available

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Maplewood

Financial & listing details

Tax assessed value: $662,300
Annual tax amount: $15,901
Date on market: 7/22/2026
Exclusions: None
Total actual rent: 5550
Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

$823,000

$782,000 - $864,000

$2,948/mo

Price history

Date	Event	Price
9/16/2026	Price change	$775,000-6.1%
Source: GSMLS #4042452 Report a problem
7/22/2026	Listed for sale	$825,000+22.2%
Source: GSMLS #4042452 Report a problem
6/30/2023	Sold	$675,000-10%
Source: GSMLS #3833137 Report a problem
4/23/2023	Pending sale	$750,000
Source: GSMLS #3833137 Report a problem
3/15/2023	Listed for sale	$750,000+76.5%
Source: GSMLS #3833137 Report a problem
6/7/2018	Listing removed	$1,300
Source: Weichert Realtors Report a problem
3/12/2018	Price change	$1,300-3.7%
Source: Weichert Realtors Report a problem
1/23/2018	Price change	$1,350-6.9%
Source: Weichert Realtors Report a problem
12/31/2017	Listed for rent	$1,450-19.4%
Source: Weichert Realtors Report a problem
7/23/2016	Listing removed	$1,800+53.2%
Source: Weichert Realtors #3310622 Report a problem
12/2/2014	Listing removed	$1,175
Source: Weichert Realtors #3160266 Report a problem
11/20/2014	Price change	$1,175-9.6%
Source: Weichert Realtors #3160266 Report a problem
10/28/2014	Price change	$1,300-7.1%
Source: Weichert Realtors #3160266 Report a problem
9/18/2014	Price change	$1,400+16.7%
Source: Weichert Realtors #3160266 Report a problem
7/31/2014	Listed for rent	$1,200+20%
Source: Weichert Realtors #3160266 Report a problem
6/26/2013	Listing removed	$1,000
Source: Weichert Realtors #3031897 Report a problem
5/8/2013	Listed for rent	$1,000-32.2%
Source: Weichert Realtors #3031897 Report a problem
3/14/2013	Listing removed	$1,475
Source: Weichert Realtors #2984779 Report a problem
2/7/2013	Price change	$1,475-7.8%
Source: Weichert Realtors #2984779 Report a problem
12/5/2012	Listed for rent	$1,600
Source: Weichert Realtors #2984779 Report a problem
10/1/2007	Sold	$425,000
Source: Public Record Report a problem
5/31/2007	Sold	$425,000+17.4%
Source: Public Record Report a problem
9/22/2004	Sold	$362,000+31.6%
Source: Public Record Report a problem
6/3/2002	Sold	$275,000+61.8%
Source: Public Record Report a problem
11/8/1995	Sold	$170,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,902 +3.8%	$662,300
2024	$15,319 +25.7%	$662,300 +91.7%
2023	$12,182 +1.6%	$345,500
2022	$11,995	$345,500
2021	$11,995 +7.6%	$345,500
2020	$11,146 +2.6%	$345,500
2019	$10,859	$345,500
2018	$10,859 -9.5%	$345,500
2017	$11,995 +2.4%	$345,500 +6.1%
2016	$11,718 +2.2%	$325,500
2015	$11,471 +1.8%	$325,500
2014	$11,262 +2.6%	$325,500
2013	$10,973 +43.3%	$325,500 +90.5%
2009	$7,658 +5.9%	$170,900
2008	$7,229	$170,900
2003	--	$170,900
2002	--	$170,900
2001	--	$170,900