About This Home

This 6-bedroom, 3-bathroom residential multi family at 481 Hamilton St in Franklin Twp, NJ is listed for $688,000 ($478 per sqft). Built in 1950, the home offers 1,440 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1950
  • 0.08 acre lot
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
3 full
2 spaces
1950
Listing Description

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

Monthly Cost Estimate

$3,680/mo

20% down · 6.5% · 30 years

Principal$498
Interest$2,981
Insurance$201

Estimates only. Actual payments may vary.

Location

481 Hamilton St

Franklin Twp, NJ 08873-2663

Features & Amenities

Interior Features

Carbon Monoxide DetectorFire ExtinguisherSmoke DetectorWood Floors

Exterior Features

CurbsOpen Porch(es)SidewalkStorm Door(s)

Property Details

Outdoor Features

Porch

Heating

Hot Water(Heating)Baseboard

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 481 Hamilton St is listed at $688,000 ($478/sqft). The estimated monthly payment is $3,680 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.08 acre lot, 2 stories, 2 parking spaces. Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector. Exterior Features: Curbs, Open Porch(es), Sidewalk.

This property is listed by XIANGHUI LOTUS ZHANG.

XZ

XIANGHUI LOTUS ZHANG

Agent at Elite Realtors of New Jersey

Listed by Elite Realtors of New Jersey · Broker phone: (973) 994-9009 · View on Broker Site · Broker website

MLS# 4055764· Source: Garden State MLS, LLC· 33 days on PropertySimple

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

481 Hamilton St, Franklin Twp, NJ 08873-2663

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