481 Hamilton St, Franklin Twp., NJ 08873
481 Hamilton St, Franklin Twp., NJ 08873
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$688,000
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6 Beds
3 Baths
1,440 SqFt
New

481 Hamilton St Franklin Twp., NJ 08873

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Katherine Rozzelle

Katherine Rozzelle

+1(908) 718-1189

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $477

MLS Listing ID 4055764

Style 2-Two Story, See Remarks

Bedrooms 6

Full Baths 3

Year Built 1950

Annual Tax Amount $4,516

Tax Year 2025

Lot Size 3,484 Sqft

Property 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

Location

State NJ

County Somerset

Zoning HBD

Rooms

Basement Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features None

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle, See Remarks

Garage Yes

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story, See Remarks

Schools

Elementary Schools Pine Grove

Middle Schools Franklin

High Schools Franklin

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by ELITE REALTORS OF NEW JERSEY

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Katherine Rozzelle

Katherine Rozzelle

Agent License ID: 1972259

+1(908) 718-1189

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481 Hamilton St