$900,000

38 Franklin Ave West Orange, NJ 07052

$10,000
Closing credit¹
8 beds
5 full
Multi-Family

Property details

About 38 Franklin Ave

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.

Highlights

Home typeMulti Family
StatusActive
(Active Attorney Review)
MLS #24037165

Summary

  • MLS Number: 24037165
  • Office Name: Keller Williams Mid-Town Direct Realty, LLC
  • Office Phone: (973) 467-6767
  • Listing Agent: Torey Schnupp

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: 2/22/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$900,000

38 Franklin Ave

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 08, 2024
Home Sold
$775,000

Tax history

YearAssessmentProperty Tax
2024$323,400$14,869
2022$323,400$14,080
2021$323,400$14,080
2020$323,400$13,456
2019$323,400$13,058

History based on county public records data.

Nearby schools

5

Edison Middle School

Public District 6-6

0.3 mi

75 William St

7

Washington Elementary School

Public District KG-5

0.4 mi

289 Main St

7

Johnnie L. Cochran Jr. Academy

Public District KG-5

1.0 mi

190 Midland Ave

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 $66,518. The majority of West Orange, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

22%
<35k
60%
35k-100k
18%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

37%
Single, No Kids
21%
Single, with Kids
18%
Married, No Kids
24%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
12%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • TennisTennis

Where do the neighbors shop?

  • IKEAIKEA
  • Banana RepublicBanana Republic
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

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

What do the neighbors drive?

  • LexusLexus
  • ToyotaToyota
  • BMWBMW

What do the neighbors listen to?

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

Similar homes for sale

This home is located at 38 Franklin Ave in West Orange, NJ and zip code 07052. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $900,000.

While more than 13 listings in West Orange, NJ in January 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. Between December and January 2025, West Orange, NJ real estate market has seen decrease in the number of listings by 2.5%.

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

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