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585 State Rt 23

Franklin Boro, NJ 07416
  • $575,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 4003646
New On Site 5 Days Ago
UPDATED: 61 min ago
$575,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

Prime Income-Producing Investment Opportunity! Don't miss this versatile, fully rented investment property featuring three buildings with a strong mix of residential and commercial income. The property includes three residential units two 1-bedroom with 1 bath apartments and one stand-alone 3-bedroom, 1.5 bath house plus a garage/repair shop with excellent highway exposure. The commercial garage offers three overhead doors, a car lift, office space. Property serviced by natural gas and oil heat, making it ideal for automotive, contractor, or service-based use. Ample off-street parking supports both residential tenants and business operations. All units are fully rented, allowing you to start generating income immediately. Tenants are responsible for all utilities, while the owner covers taxes, snow plowing, and lawn maintenance, keeping expenses straightforward and predictable. Total rent rolls $7,000/month! The stand-alone house and upper residential unit have been recently refreshed/renovated, adding value and tenant appeal. Strategically located on a highway for maximum visibility, this property is also close to shopping, Crystal Springs, and popular ski resorts, increasing long-term rental demand and commercial potential. A rare opportunity to acquire a turnkey, mixed-use investment with multiple income streams in a high-exposure location.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-01-12T17:48:48.907.
www.trompeterrealestate.com/homes/171753217
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585 State Rt 23 Franklin Boro, NJ 07416

  • Price: $575,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 61 min ago
  • MLS #: 4003646
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1930
Built
County:
Sussex
Area:
Franklin Boro
Property Description
Prime Income-Producing Investment Opportunity! Don't miss this versatile, fully rented investment property featuring three buildings with a strong mix of residential and commercial income. The property includes three residential units two 1-bedroom with 1 bath apartments and one stand-alone 3-bedroom, 1.5 bath house plus a garage/repair shop with excellent highway exposure. The commercial garage offers three overhead doors, a car lift, office space. Property serviced by natural gas and oil heat, making it ideal for automotive, contractor, or service-based use. Ample off-street parking supports both residential tenants and business operations. All units are fully rented, allowing you to start generating income immediately. Tenants are responsible for all utilities, while the owner covers taxes, snow plowing, and lawn maintenance, keeping expenses straightforward and predictable. Total rent rolls $7,000/month! The stand-alone house and upper residential unit have been recently refreshed/renovated, adding value and tenant appeal. Strategically located on a highway for maximum visibility, this property is also close to shopping, Crystal Springs, and popular ski resorts, increasing long-term rental demand and commercial potential. A rare opportunity to acquire a turnkey, mixed-use investment with multiple income streams in a high-exposure location.
Exterior Features

Approximate Lot Size .313 AC Construction Brick/BlockWood Exterior Description ConcreteVinyl Siding Location Highway Location Lot Description Level LotOpen Lot Number Of Bays 3 Number Of Docks 0 Parking Driveway Description CircularCrushed StoneOff-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinishedWalkout Cooling See Remarks Equipment Available See RemarksSmoke Detector Floors ConcreteLaminateTileWood Heating 4+ Units Max Ceiling Height 13 Max Door Height 13 Number Of Lavatories 5 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-NaturalOil Tank Above Ground - Outside Primary Property Type MixedUse Property Type Mixed Use Sale Includes Building & LandSee Remarks Sewer Public Sewer Suite Number 0 Tax Amount 13981 Tax Rate Amount 2.654 Tax Rate Year 2024 Tax Year 2024 Utilities ElectricGas-NaturalSee Remarks Water Well Year Built Description Approximate Zoning HC2

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-250-3299.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-01-12T17:48:48.907.
 
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Jersey City NJ, 07302