Under contract

$795,000

554 Franklin St, Elizabeth City, NJ 07206

8beds

39,996sqft

$5,239/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$20/sqft

$-- HOA

What's special

Eat-in kitchenFunctional four-room layout

Welcome to 554 Franklin St, Elizabeth, NJ a well-configured four-family property offering an excellent opportunity for investors and owner-occupants alike. Each of the four apartments features a functional four-room layout with 2 bedrooms, 1 full bathroom, an eat-in kitchen, and a comfortable living room/dining room area. The consistent unit layouts provide practical living spaces and strong rental appeal. With four separate residential units under one roof, this property offers the potential for multiple income streams and long-term investment value. Conveniently located in Elizabeth with access to local shopping, dining, transportation, schools, major roadways, and nearby amenities. A great opportunity to add a solid multi-family property to your investment portfolio.

38 days
260
21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard - Hotwater, Forced Air, Natural Gas

Cooling

Window Unit(s)

Features

Bedrooms, Eat-in Kitchen, Living/Dining Room, Eat-In Kitchen
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 39,996
Total interior livable area: 39,996 sqft

Property

Parking

Parking features: None

Features

Levels: Two
Stories: 2

Lot

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

Details

Parcel number: 2904006590000000020000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Community

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

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $20/sqft
Tax assessed value: $569,100
Annual tax amount: $11,478
Date on market: 9/9/2026
Total actual rent: 39996
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/10/2026	Pending sale	$795,000$20/sqft
Source: GSMLS #4051521 Report a problem
9/9/2026	Listed for sale	$795,000+121.4%$20/sqft
Source: GSMLS #4051521 Report a problem
11/4/2004	Sold	$359,000+302.2%$9/sqft
Source: Public Record Report a problem
1/29/1999	Sold	$89,250$2/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,949	$569,100
2024	$10,949	$569,100 +1578.8%
2023	--	$33,900
2022	$10,366 +104%	$33,900
2021	$5,082 -48%	$33,900
2020	$9,771 +1%	$33,900
2019	$9,676 +33.2%	$33,900
2018	$7,262 -22.8%	$33,900
2017	$9,406 +6.3%	$33,900
2016	$8,848 +3.1%	$33,900
2015	$8,582 +5.9%	$33,900
2014	$8,101 +5.6%	$33,900
2013	$7,675 -0.6%	$33,900
2012	$7,722 +7.6%	$33,900
2011	$7,177 +5%	$33,900
2010	$6,834 +7.1%	$33,900
2009	$6,381	$33,900
2008	--	$33,900
2007	$6,049	$33,900