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$795,000
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Property Description
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.
Full Property Details
Full Property Details for 554 Franklin St
General
- Price: $795,000
- Taxes: $11,478 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4051521
- Updated: 9/9/2026
- Added to Site: 15 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Location
- County: Union
- Driving Directions: 6th st onto franklin st
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Baseboard - Hotwater, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: None
Financial Considerations
- Assessment Amount: $440,800
- Land Assmt: $128,300
- Tax Amount: $11,478
- Tax Year: 2025
Disclosures and Reports
- Block: 659
- Lot Number: 2
Listed by Re/Max in Action
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Schools
Schools serving 554 Franklin St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Sonia Sotomayor School No 25 525 1st Avenue, Elizabeth, NJ 07206 | PK-8 | 0.1 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.8 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.5 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 554 Franklin St
Date
Details
Price
Change
Source
9/09/2026
Listed
$795,000
121.45%
MLS
10/29/2004
Sold
$359,000
—
Public Record
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
Tax History for 554 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,479
8%
$569,100
—
2023
$10,655
3%
$569,100
1579%
2022
$10,366
2%
$33,900
—
2021
$10,152
5%
$33,900
—
2018
$9,676
3%
$33,900
—
2017
$9,406
—
$33,900
—
2016
$9,407
-4%
$33,900
—
2019
$9,771
10%
$33,900
—
2015
$8,848
9%
$33,900
—
2013
$8,101
—
$33,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 554 Franklin St
554 Franklin St, Elizabeth, NJ 07206 (MLS# 4051521) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 554 Franklin St is currently listed for $795,000 and was received on September 09, 2026. Want to learn more about 554 Franklin St? Do you have questions about finding other Multi-Family real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

