38 Franklin Avenue

West Orange, NJ 07052

$900,000
Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is a fantastic investment opportunity located in beautiful West Orange. It is just a few blocks from downtown West Orange and a few minutes from downtown Montclair. It is conveniently located near schools, shops, and houses of worship. Unit 2 was recently updated, the other 3 units were updated in 2021. Each unit comes with a huge storage locker in the basement. Basement also has a large office with a full bathroom. This home is fully occupied with great tenants, Unit 2 will be rented on 12/1/24.This is a fantastic investment opportunity located in beautiful West Orange. It is just a few blocks from downtown West Orange and a few minutes from downtown Montclair. It is conveniently located near schools, shops, and houses of worship. Unit 2 was recently updated, the other 3 units were updated in 2021. Each unit comes with a huge storage locker in the basement. Basement also has a large office with a full bathroom. This home is fully occupied with great tenants, Unit 2 will be rented on 12/1/24.
  1. Listed by TOREY SCHNUPP • KELLER WILLIAMS MID-TOWN DIRECT

Property Details for 38 Franklin Avenue

Directions
Main St to Franklin Ave
Days On Market
30
LISTING UPDATED: 12/13/2024 03:42 PM

Property Details for 38 Franklin Avenue

StatusUnder Contract
MLS #3934250
Days on Market30
Taxes$14,869 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1920
Lot Size0.10 AC / 4,356 SF
CountyEssex County

Building Information for 38 Franklin Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 38 Franklin Avenue

Summary
Location and General Information
  • Middle/Jr High School: EDISON
  • Grade School: WASHINGTON
  • High School: W ORANGE
  • Active Days on Market: 30
  • County #: Essex
  • Town Name: West Orange Twp.
  • Block Identifier: 134.02
  • Listing Type: Exclusive Right to Sell
  • Town #: 1622.0
  • Street # Display: 38.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Franklin Ave
  • Zip Code: 07052-6120
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $14,869
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 323400.0
  • Tax ID For Property: 1622-00134-0002-00063-0000-
  • Tax Rate Amount: $5
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • Garage Description: On-Street Parking
Property
Lot Information
  • Lot Identifier: 63
  • Approximate Lot Size: 40X108
  • Total Acres: 0.1
  • Construction Date/Year Built: 1920
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 234800.0
  • Assessment Land: 88600.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool, Wall A/C Unit(s)
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Radiators - Steam
  • Fuel Type: OilAbOut
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Patio
Interior Features
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CookGas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric
  • Unit 1 Rent: 1825.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 11-30-2025
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric
  • Unit 2 Rent: 2100.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 3150.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: CarbMDet, CookGas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Electric
  • Unit 3 Rent: 1725.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: CarbMDet, CookGas
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Electric
  • Unit 4 Rent: 1725.0
  • Unit 4 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Hot & Cold Water
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 38 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38 Franklin Avenue

Taxable ValueLand$88,600Additions$234,800Total$323,400
Tax Record2023$14,870 ($1,239 / month)
Home Facts
Beds0Total Finished SqFt3,088 SqFtAbove Grade Finished SqFt3,088 SqFtStories2Lot Size4,321 SqFtStyleSingle Family ResidenceYear Built1920ZoningR-TCountyESSEXAPN22 00134- 02-00063

Schools near 38 Franklin Avenue

This home is within West Orange Public School District.
Rating
School
Type
Grades
Distance
Public - 6
Public - 9 to 12
Public - PK to 5
Public - K to 5
Rating
School
Distance
Edison Middle School
Public6

West Orange High School
Public9 to 12

Washington Elementary School
PublicPK to 5

Redwood Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS MID-TOWN DIRECT, TOREY SCHNUPP

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/26/2024 03:37 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/26/2024 03:37 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.