481 Hamilton St, Franklin, NJ 08873
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
481 Hamilton St,Franklin Twp., NJ 08873
$688,000
- 6 Beds
- 3 Baths
- 1,440 sq. ft.
- Multi-family
- Active
Listed by: xianghui lotus zhang
Office: elite realtors of new jersey973-994-9009
MLS#:4055764
Source:NJ_GSMLS
Price summary
- Price:$688,000
- Price per sq. ft.:$477.78
About this home
481 Hamilton Street (Block 194, Lot 129) presents an exceptional value-add opportunity in Franklin Township's High-Business District (HBD) zone. Featuring a versatile multi-unit residential configuration, verified by Township as a legal use of pre-existing non-conforming 2-family. This property is ideally suited for investors, contractors, or buyers looking to maximize income potential. Situated on a high-visibility corridor close to local shopping, public transportation, and major commuter routes into New Brunswick, this property offers incredible upside. Property is being sold in 'as-is' condition. Bring your imagination and vision to unlock the full potential of this prime Somerset location! This well-maintained 2 family home offering the perfect blend of flexibility and income potential. The home features two bedroom, 1 full bath unit on lower level, and 2+2 bedrooms , 2 full bath room on top level. Driveway parking with large backyard. Perfect for a new owner to move right in while collecting rent from the other unit, or easily leased for additional cash flow. Separate gas and electric meters, tenants pay all utilities, includes heat, electricity, water, sewer, trash etc. Low taxes.A potential 7.3%+ cap rate...
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Home facts
- Year built:1950
- Listing ID #:4055764
- Added:13 day(s) ago
- Updated:October 13, 2026 at 02:40 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:10
- Basement Description:Basement, Full, Unfinished
- Living area:1,440 sq. ft.
Heating and cooling
- Cooling:Wall A/C Unit(s)
- Heating:2 Units, Baseboard - Hotwater
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1950
- Building area:1,440 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Level Lot
- Architectural Style:2-Two Story
- Construction Materials:Vinyl Siding
- Exterior Features:Curbs, Open Porch, Sidewalk, Storm Door(s)
Schools
- High school:FRANKLIN
- Middle school:FRANKLIN
- Elementary school:PINE GROVE
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$688,000
- Price per sq. ft.:$477.78
- Tax amount:$4,516 (2025)
Features and amenities
- Amenities:Carbon Monoxide Detector, Fire Extinguisher, Gas-Natural, Smoke Detector, Wood Floors
Parking
- Parking description:1 Car Width, Blacktop Driveway, Driveway-Exclusive, Off-Street Parking
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