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$475,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 4 Full Baths
See This Home
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Welcome to this spacious and move-in ready home located at 242 Franklin Ave in the heart of Elizabeth, just minutes from Newark Liberty International Airport and approximately 1.5 miles from Elizabeth Station with direct service to NYC! This beautifully maintained property offers an incredible amount of living space across multiple levels. The first floor features a welcoming living room, formal dining room, updated kitchen, one bedroom, a full bath, and direct access to the backyard perfect for entertaining or relaxing outdoors. The second floor offers four generously sized bedrooms and an additional full bath. Need even more space? The fully finished attic includes an extra room and full bath, ideal for a guest suite, home office, or recreation space. The partially finished basement features three additional rooms, a full bath, and a separate entrance, offering endless possibilities for extended living or flexible use. Very affordable taxes! Conveniently located near major highways, shopping, restaurants, public transportation, and Newark Airport, this home combines space, functionality, and location all in one. A fantastic opportunity for anyone looking for a move-in ready property with room to grow!

Full Property Details for 242 Franklin St

General

  • Price: $475,000
  • Taxes: $6,712 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Garden_State
  • MLS ID: 4025892
  • Updated: 5/9/2026
  • Added to Site: 17 day(s) ago

Interior

  • Number of Rooms: 8
  • 2nd Floor/Level 2: Other Bath, RecRoom
  • 1st Floor/Level 1: 4 Or More Bedrooms, Bath(s) Other
  • Street Level: 1 Bedroom, Bath Main, Dining Room, Kitchen, Living Room
  • Lower Level: Bath(s) Other, Laundry Room, Office, Storage Room
  • Appliances: Carbon Monoxide Detector, Gas Range and Oven
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5
  • Bedroom 1: First
  • Bedroom 2: First
  • Bedroom 3: First
  • Bedroom 4: Ground

Other Rooms

  • Living Room: Ground
  • Kitchen: Eat-In Kitchen, Separate Dining Area, Ground
  • Dining Room: Living/Dining Combo, Ground
  • Bedroom: First
  • Attic: Second
  • Office: Basement

Location

  • County: Union
  • Driving Directions: Elizabeth Avenue to 3rd Street to Franklin

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 1 Unit, Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Architectural Style: Colonial
  • Basement: Yes
  • Basement Desc.: Finished-Partially
  • Roof: Asphalt Shingles
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size: 25 x 100
  • Driveway/Sidewalk: None

Financial Considerations

  • Assessment Amount: $332,800
  • Land Assmt: $128,300
  • Tax Amount: $6,712
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Disclosures: Yes
  • APN: 2904-00786-0000-00007-0000-
  • Block: 786
  • Lot Number: 7

Listed by Keller Williams Metropolitan

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Listing agent

— 242 Franklin St —

  • Keller Williams Metropolitan

973-539-1120

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 Franklin St

School District:Elizabeth City School District
NameGradesDistance
No. 28 Duarte-Marti School
25 1st Street, Elizabeth, NJ 07206
PK-80.3 mi
T A Edison Career Tech Academy
625 Summer Street, Elizabeth, NJ 07202
9-121 mi
Adm W F Halsey Leadership Academy
641 South Street, Elizabeth, NJ 07202
9-121.2 mi
John E Dwyer Tech Academy
123 Pearl Street, Elizabeth, NJ 07202
9-121.2 mi
T Jefferson Arts Academy
27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201
9-121.3 mi
Elizabeth High School
40 Morrell Street, Elizabeth, NJ 07202
9-121.3 mi
A Hamilton Preparatory Academy
310 Cherry Street, Elizabeth, NJ 07208
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 Franklin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/09/2026
Listed
$475,000
955.56%
MLS
1/28/2013
Sold
$45,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 242 Franklin St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,403
4%
$332,800
1556%
2022
$6,146
2%
$20,100
—
2021
$6,020
5%
$20,100
—
2018
$5,737
3%
$20,100
—
2017
$5,577
—
$20,100
—
2016
$5,578
6%
$20,100
—
2015
$5,246
-9%
$20,100
—
2019
$5,794
21%
$20,100
—
2013
$4,804
—
$20,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Metropolitan

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242 Franklin St, Elizabeth, NJ 07206 (MLS# 4025892) is a Single Family property with 5 bedrooms and 4 full bathrooms. 242 Franklin St is currently listed for $475,000 and was received on May 09, 2026. Want to learn more about 242 Franklin St? Do you have questions about finding other Single Family real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

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