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$599,000
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Property Description
Income-producing 2-family property in Elizabeth. Excellent Location and Great Value. First floor is long term Tenant Occupied on a month to month lease. 2nd Floor - currently being remodeled, long term tenant paying $2,200 recently moved out. Each unit offers functional layout with strong rental demand. Property sold as-is. Buyer responsible for all due diligence. Do not disturb tenants. Showings by appointment only.
Full Property Details
Full Property Details for 638 Franklin St
General
- Price: $599,000
- Taxes: $7,658 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4020806
- Updated: 4/15/2026
- Added to Site: 66 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: See Remarks
Parking
- Garage Description: On-Street Parking
Location
- County: Union
- Driving Directions: Elizabeth Ave to 7th Street to Franklin Street
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: Radiators - Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Brick, Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Square Feet: 1,760
- Year Built: 2021
- Remodeled/Updated: 2021
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Expenses: Cold Water, Insurance, Taxes
- Operating Expenses: $813
- Assessment Amount: $251,400
- Land Assmt: $128,300
- Tax Amount: $7,658
- Tax Year: 2025
Disclosures and Reports
- Block: 640
- Lot Number: 6
Listed by Keller Williams City Views Realty
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Schools
Schools serving 638 Franklin St
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Sonia Sotomayor School No 25 525 1st Avenue, Elizabeth, NJ 07206 | PK-8 | 0.2 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.7 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.7 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 | 1.4 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 638 Franklin St
Date
Details
Price
Change
Source
4/15/2026
Listed
$599,000
110.18%
MLS
2/02/2005
Sold
$285,000
—
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 638 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,305
-5%
$379,700
1407%
2022
$7,706
2%
$25,200
—
2021
$7,547
4%
$25,200
—
2019
$7,264
1%
$25,200
—
2018
$7,193
3%
$25,200
—
2017
$6,992
—
$25,200
—
2016
$6,993
6%
$25,200
—
2015
$6,577
9%
$25,200
—
2013
$6,022
—
$25,200
—
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 638 Franklin St
638 Franklin St, Elizabeth, NJ 07206 (MLS# 4020806) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 638 Franklin St is currently listed for $599,000 and was received on April 15, 2026. Want to learn more about 638 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.

