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$599,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 9 days ago
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Fantastic opportunity on highly visible Route 23! This building offers a spacious retail storefront on the main level along with three income-producing residential units above, making it ideal for investors or owner-operators seeking strong cash flow. The property features on-site parking, a full unfinished basement for storage, and flexible HC zoning that supports a wide variety of commercial uses. With excellent highway exposure, steady local traffic, and built-in rental income from the residential apartments, this property delivers exceptional value and long-term potential in the heart of Franklin.

Full Property Details for 69 State Rt 23

General

  • Price: $599,000
  • Taxes: $13,546 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3999676
  • Updated: 1/6/2026
  • Added to Site: 46 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Exterior

  • Color: GREY

Location

  • County: Sussex
  • Subdivision: Rt 23 South
  • Driving Directions: Rt 23 South to 69.

School Information

  • Elementary School: FRANKLIN
  • Middle School: FRANKLIN
  • High School: WALLKILL

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 1 Unit, Baseboard - Hotwater
  • Heating Fuel: Oil Tank Above Ground - Inside
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Private, Well
  • Utility Description: Gas In Street, Gas-Propane

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished, Walk-Out
  • Roof: Asphalt Shingles
  • Square Feet: 3,651
  • Year Built: 1920
  • Remodeled/Updated: 2025

Unit Information

Unit 1

  • Unit Description: Bedrooms, Family Room, Kitchen
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: .107 AC
  • Driveway/Sidewalk: 2 Car Width
  • Zoning: HC-2

Financial Considerations

  • Expenses: Maintenance, See Remarks, Taxes
  • Operating Expenses: $999,999
  • Assessment Amount: $346,800
  • Land Assmt: $176,800
  • Tax Amount: $13,546
  • Tax Year: 2024

Disclosures and Reports

  • Disclosures: Yes
  • Block: 2401
  • Lot Number: 9

Listed by Juba Team Realty

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Listing agent

— 69 State Rt 23 —

  • Juba Team Realty

973-874-0800

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 69 State Rt 23

School Districts:Franklin Borough School District, Wallkill Valley Regional School District
NameGradesDistance
Franklin Elementary School, Franklin, NJ
50 Washington Avenue, Franklin, NJ 07416
PK-80.8 mi
Wallkill Valley Reg High School
10 Grumm Road, Hardyston, NJ 07419
9-123.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 69 State Rt 23 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$599,000
-4.16%
MLS
11/30/2025
Listed
$625,000
47.75%
MLS
7/11/2025
Sold
$423,000
—
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 69 State Rt 23

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,546
-2%
$523,600
3%
2023
$13,810
-3%
$510,400
2%
2022
$14,208
3%
$500,900
49%
2021
$13,798
3%
$336,200
—
2020
$13,364
5%
$336,200
—
2019
$12,759
2%
$336,200
—
2018
$12,544
3%
$336,200
—
2017
$12,238
2%
$336,200
—
2016
$11,972
—
$336,200
—
2015
$12,006
6%
$336,200
—
2013
$11,326
—
$336,200
—
View All
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Juba Team Realty

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69 State Rt 23, Franklin Boro, NJ 07416 (MLS# 3999676) is a Multi-Family property with 4 units containing 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 69 State Rt 23 is currently listed for $599,000 and was received on November 30, 2025. Want to learn more about 69 State Rt 23? Do you have questions about finding other Multi-Family real estate for sale in Franklin Boro? You can browse all Franklin Boro real estate or contact a Coldwell Banker agent to request more information.

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