Active

$699,000

257 Franklin St, Elizabeth City, NJ 07206

9beds

19,998sqft

$4,697/mo

Get pre-qualified

Multi Family

Built in 1880

-- sqft lot

$-- Zestimate^®

$35/sqft

$-- HOA

What's special

Great opportunity to own a spacious two-family home! Live in one unit and rent out the other, making this property an excellent opportunity for both owner-occupants and investors. The first-floor apartment is currently rented month-to-month and features 3 bedrooms, 1 full bathroom, living room, and eat-in kitchen. The second-floor unit offers 3 bedrooms, an additional office/flex space, living room, eat-in kitchen, and 2 full bathrooms. The third-floor attic provides 3 additional rooms that can be used as flexible living space, plus an additional full bathroom. Conveniently located near major highways for easy commuting, schools, shopping, restaurants, and entertainment, this property offers plenty of space and versatility in a desirable location. Don't miss this opportunity to own a multi-family property with excellent potential!

28 days
608
42

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 4
Full bathrooms: 4

Heating

2 Units, Radiators - Hot Water, Natural Gas

Appliances

Included: Range/Oven - Gas, Refrigerator

Features

Bedrooms, Eat-in Kitchen, Living Room, Attic, Eat-In Kitchen, Ceiling Fan(s)
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 19,998
Total interior livable area: 19,998 sqft

Property

Parking

Parking features: On Street

Features

Levels: 3-Three Story
Stories: 3
Patio & porch: Porch

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 2904007900000000430000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Year built: 1880
Major remodel year: 2020

Utilities & green energy

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

Community & HOA

Community

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

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $35/sqft
Tax assessed value: $434,000
Annual tax amount: $8,753
Date on market: 9/12/2026
Exclusions: Personal items.
Total actual rent: 2200
Tenant pays: Electricity, Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/12/2026	Listed for sale	$699,000+14.6%$35/sqft
Source: GSMLS #4052320 Report a problem
2/15/2026	Listing removed	$2,850
Source: GSMLS #3981407 Report a problem
1/3/2026	Price change	$2,850-5%
Source: GSMLS #3981407 Report a problem
8/14/2025	Listed for rent	$3,000+36.4%
Source: GSMLS #3981407 Report a problem
6/14/2024	Listing removed	--
Source: GSMLS #3894254 Report a problem
4/4/2024	Listed for rent	$2,200
Source: GSMLS #3894254 Report a problem
2/20/2024	Sold	$610,000-2.4%$31/sqft
Source: Public Record Report a problem
9/18/2023	Listing removed	--
Source: GSMLS #3856561 Report a problem
3/18/2023	Listed for sale	$625,000+141.3%$31/sqft
Source: GSMLS #3833714 Report a problem
3/12/2018	Sold	$259,000$13/sqft
Source: GSMLS #3425222 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,384	$383,800 +996.6%
2023	--	$35,000
2022	$10,703 +104%	$35,000
2021	$5,247 -48%	$35,000
2020	$10,088 +1%	$35,000
2019	$9,990 +99.6%	$35,000
2018	$5,006 -48.5%	$35,000
2017	$9,711 +9.3%	$35,000
2016	$8,885 +3.2%	$35,000
2015	$8,611	$35,000