About This Home

This 5-bedroom, 4-bathroom residential multi family at 503 Franklin St in Elizabeth City, NJ is listed for $850,000. Built in 1901, on a 0.12 acres lot.

Key Features

  • Built in 1901
  • 0.12 acre lot
  • 3 stories
  • 6 parking spaces

Property Details

3 stories
4 full
3-car garage
1901
Listing Description

THE HOUSE IS ONLY PART OF THE OPPORTUNITY AT 503-505 FRANKLIN ST. THIS TWO-FAMILY SITS ON A DOUBLE LOT AND OFFERS A 3-CAR GARAGE PLUS APPROXIMATELY 6 ADDITIONAL PARKING SPACES, WITH THE GARAGES AND PARKING CURRENTLY PROVIDING ADDITIONAL INCOME. EACH UNIT FEATURES 2 BEDROOMS, 1 FULL BATH, AND GENEROUS LIVING SPACE, WHILE BONUS SPACE ON THE THIRD FLOOR AND A PARTIALLY FINISHED BASEMENT PROVIDE ADDITIONAL FLEXIBILITY.

THE FIRST-FLOOR UNIT IS VACANT, WHILE THE SECOND-FLOOR TENANCY IS EXPECTED TO BE MONTH-TO-MONTH BEGINNING NEXT MONTH. INSIDE, YOU'LL FIND HARDWOOD FLOORS, SPACIOUS ROOMS, AND AN UPDATED KITCHEN WITH STAINLESS-STEEL APPLIANCES. OUTSIDE, A LARGE PAVED AREA, FRONT PORCH, 3-CAR GARAGE, AND EXTENSIVE OFF-STREET PARKING HELP SET THIS PROPERTY APART. WITH TWO RESIDENTIAL UNITS PLUS EXISTING GARAGE AND PARKING INCOME, 503-505 FRANKLIN ST OFFERS MULTIPLE INCOME SOURCES IN ONE PROPERTY.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

503 Franklin St

Elizabeth City, NJ 07206-1208

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 503 Franklin St is listed at $850,000. The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1901, 0.12 acre lot, 3 stories, 6 parking spaces.

This property is listed by KERWIN LYNCH.

KL

KERWIN LYNCH

Agent at RE/MAX First Realty II

Listed by RE/MAX First Realty II · Broker phone: (908) 664-1500 · View on Broker Site

MLS# 4055160· Source: Garden State MLS, LLC· 35 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.

503 Franklin St, Elizabeth City, NJ 07206-1208

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