531 Franklin St

Elizabeth, NJ 07206

$830,000
Last Sold Price
6
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this large 2-family home on Franklin St., featuring two spacious units, each with 3 bedrooms and 2 full bathrooms, plus a full bonus basement with an additional bath. This beautifully maintained property offers the perfect blend of space, convenience, and modern comfort, making it ideal for investors or multi-generational living. With well-appointed interiors and a built-in garage, this home provides both style and functionality. Located in a vibrant and sought-after neighborhood, it offers...Welcome to this large 2-family home on Franklin St., featuring two spacious units, each with 3 bedrooms and 2 full bathrooms, plus a full bonus basement with an additional bath. This beautifully maintained property offers the perfect blend of space, convenience, and modern comfort, making it ideal for investors or multi-generational living. With well-appointed interiors and a built-in garage, this home provides both style and functionality. Located in a vibrant and sought-after neighborhood, it offers easy access to shopping, dining, schools, and public transportation. This is a MUST SEE!
  1. Listed by Vinnell Josephs • EXP Realty, LLC • 347-988-8291
  2. Listed by EXP Realty, LLC

Property Details for 531 Franklin Street

Style
2 Family
LISTING UPDATED: 06/06/2025 01:09 PM

Property Details for 531 Franklin Street

StatusSold - Sold
MLS #25009013
Days on Market31
Taxes$2,837 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built-
Lot Size-
CountyUnion County

Location

Listing Courtesy of EXP Realty, LLC, Vinnell Josephs; EXP Realty, LLC,

Sold By Outside Office, Outside Agent

Add your commute

Payment Calculator

$4,585 per month

30 year fixed, 6.845% Interest

Principal and Interest

$4,349

Property Taxes

$236

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 531 Franklin Street

Summary
Location and General Information
  • Area name: Elizabeth
  • Flood plain: None
  • Street Name: Franklin
  • County Name: UNION
  • Status: Closed
  • Street Number Numeric: 531
  • Zip Code: 07206
Taxes and HOA Information
  • Other Charges: True
  • Tax: $2,837
Property
Lot Information
  • Year Built: 2020's
  • Average Acres: 0.06
Property and Assessments
  • Photo Number: 20
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Interior Features
  • Bedrooms: 6
  • Baths full: 5
  • Number of rooms: 6
  • Full Baths Total: 0
  • Num of Baths: 5.0
Exterior Features
  • Exterior: Vinyl Siding
Agent
Sale and Listing Information
  • Management Phone: 347-988-8291
  • Search Class: 2to4, 2-4 Family
  • List Price: $750,000.00
  • Listing Date: 03-20-2025
  • Expired Date: 03-31-2026
  • Pending Date: 04-21-2025
  • Close Date: 06-02-2025
  • Status Date: 06-05-2025
  • Sale Price: $830,000
Showing Information
  • Internet Remarks: Welcome to this large 2-family home on Franklin St., featuring two spacious units, each with 3 bedrooms and 2 full bathrooms, plus a full bonus basement with an additional bath. This beautifully maintained property offers the perfect blend of space, convenience, and modern comfort, making it ideal for investors or multi-generational living. With well-appointed interiors and a built-in garage, this home provides both style and functionality. Located in a vibrant and sought-after neighborhood, it offers easy access to shopping, dining, schools, and public transportation. This is a MUST SEE!

Property History for 531 Franklin Street

DateEvent & SourcePriceAppreciation
Jun 2, 2025

Sold

GSMLS #3952108

$830,000
Jun 1, 2025

Sold

NJMLS #25009013

$830,000
Apr 21, 2025

Under Contract

GSMLS #3952108

Apr 20, 2025

Under Contract

NJMLS #25009013

Mar 20, 2025

Listed (Active)

GSMLS #3952108

$750,000
Mar 19, 2025

Listed (Active)

NJMLS #25009013

$750,000
Dec 1, 2020

Sold (Public Record)

Public Record #688504773

$615,000

+18818.8% / yr

Aug 12, 2020

Sold (Public Record)

Public Record #679640286

$125,000

-3.3% / yr

Aug 22, 2008

Sold (Public Record)

Public Record #253018179

$186,900

-32.3% / yr

Aug 8, 2008

Sold

GSMLS #2497510

$186,900
Mar 12, 2008

Listed (Active)

GSMLS #2497510

$197,500
Jun 12, 2006

Sold (Public Record)

Public Record #198269227

$440,000

+10.9% / yr

Feb 5, 2004

Sold (Public Record)

Public Record #288518264

$345,000
DateEvent & SourcePrice
06/02/2025

Sold

GSMLS #3952108

$830,000
06/01/2025

Sold

NJMLS #25009013

$830,000
04/21/2025

Under Contract

GSMLS #3952108

04/20/2025

Under Contract

NJMLS #25009013

03/20/2025

Listed (Active)

GSMLS #3952108

$750,000
03/19/2025

Listed (Active)

NJMLS #25009013

$750,000
12/01/2020

Sold (Public Record)

Public Record #688504773

$615,000

+18818.8% / yr

08/12/2020

Sold (Public Record)

Public Record #679640286

$125,000

-3.3% / yr

08/22/2008

Sold (Public Record)

Public Record #253018179

$186,900

-32.3% / yr

08/08/2008

Sold

GSMLS #2497510

$186,900
03/12/2008

Listed (Active)

GSMLS #2497510

$197,500
06/12/2006

Sold (Public Record)

Public Record #198269227

$440,000

+10.9% / yr

02/05/2004

Sold (Public Record)

Public Record #288518264

$345,000

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

Public Records for 531 Franklin Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,729 ($144 / month)
Home Facts
Total Finished SqFt2,408 SqFtAbove Grade Finished SqFt2,408 SqFtLot Size2,500 SqFtStyleGovernmental / Public UseYear Built2020CountyUNIONAPN04 00660-0000-00040- 01

Schools near 531 Franklin Street

This home is within Elizabeth Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 2 to 8
Public - K to 8
Rating
School
Distance
Sonia Sotomayor School No 25
PublicK to 8

Elizabeth High School
Public9 to 12

Terence C. Reilly School #7
Public2 to 8

Jerome Dunn Academy No 9
PublicK to 8

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 EXP Realty, LLC, Vinnell Josephs; EXP Realty, LLC,

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: 07/06/2025 04:48 AM. Source: New Jersey Multiple Listing Service, Inc. © 2025 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: 07/06/2025 04:48 AM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.