$775,000

16 Franklin Ave Nutley, NJ 07110

$9,203
Closing credit¹
6 beds
2 full, 2 partial
Multi-Family

Property details

About 16 Franklin Ave

Prime Location! Welcome to this beautiful newly renovated two-family home located in Nutley, NJ, with an exclusive parking lot for approximately eight cars. This property offers a very large lot with it's unique opportunity for both investors and homeowners looking for additional rental income. Property Features: Both units offer renovated eat in kitchens and bathrooms, lots of natural sunlight and hardwood floors. Commuter transportation to NYC at your doorstep. Easy access to major highways makes commuting a breeze. Close to shopping, local parks, houses of worship and restaurants. Enjoy the large backyard, perfect for entertaining or relaxing.Additional Features: Hardwood floors throughout, second floor updated HVAC system, full finished basement with one half bath, a storage area and laundry facilities. Not to mention a full finished attic with additional living space for guests or even a home office. Don't miss out on this fantastic opportunity to own a versatile property in

Highlights

Home typeMulti Family
StatusSale Pending
(Under Contract)
MLS #25004524

Summary

  • MLS Number: 25004524
  • Office Name: Coldwell Banker, Alpine/Closter
  • Office Phone: (201) 767-0550
  • Listing Agent: Kim A. Leonelli

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/17/2025, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of multi unit property

$775,000

16 Franklin Ave

$9,203

closing credit¹

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Price information

Property sales

DateEventPrice
Apr 15, 2024
Home Sold
$627,000
Apr 11, 2023
Home Sold
$600,000

Tax history

YearAssessmentProperty Tax
2024$519,200$13,374
2022$341,700$13,134
2021$341,700$12,581
2020$341,700$12,328
2019$341,700$11,997

History based on county public records data.

Nearby schools

7

Lincoln School

Public District KG-6

0.4 mi

301 Harrison St

3

Belleville Ps7

Public District PK-6

0.5 mi

20 Passaic Ave

6

Belleville Ps5

Public District KG-6

0.7 mi

149 Adelaide St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $41,051. Typical income of Nutley, NJ residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

37%
<35k
54%
35k-100k
4%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

52%
Single, No Kids
10%
Single, with Kids
20%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
8%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Art MuseumsArt Museums
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • IKEAIKEA
  • BloomingdalesBloomingdales
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • QuiznosQuiznos
  • StarbucksStarbucks
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • LexusLexus
  • AudiAudi
  • ToyotaToyota

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • NewsNews
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 16 Franklin Ave in Nutley, NJ and zip code 07110. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 11, 2025 and is currently priced at $775,000.

In March 2025 more than 4 listings in Nutley, NJ were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below. Between February and March 2025, Nutley, NJ real estate market has seen increase in the number of listings by 25%. The median list price of listings available in March 2025 was $640,000, while the average time on the real estate market was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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