Property details
About 46 Franklin St
Prime Development Opportunity ? Mixed-Use Site with Approved PlansAn exceptional investment opportunity awaits with this approved development site in a thriving urban location. This property is fully entitled for the construction of a mixed-use apartment building, featuring 24 residential units and one ground-floor commercial space?perfectly suited for today?s demand for walkable, community-focused living. The current structure on the lot is generating a Gross Operating Income (GOI) of approximately $100,000 annually, offering income potential during pre-construction planning. However, the building will need to be demolished to make way for the approved project.Investors and developers will benefit from a 5-year tax abatement, significantly reducing carrying costs and enhancing ROI. Importantly, this project is not designated as affordable housing, allowing for full market-rate rental opportunities. With plans in place, income-producing status, and development-ready approvals, this is a rare turnkey opportunity in a high-growth area.
Highlights
Summary
- List Price: $1,400,000
- Lot: Level
- Directions: On Franklin St make a right onto N 8th St
- Lot Size: 0.23 Acres
- MLS Number: 3978065
- Office Name: SIGNATURE REALTY NJ
- Office Phone: (347) 744-4141
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Price information
Property sales
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Tax history
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Nearby schools
3
Belleville Ps4
Public District PK-6
0.2 mi
•30 Magnolia St
5
Carteret Elementary School
Public District PK-6
0.6 mi
•158 Grove St
3
Salome Urea Elementary School
Public District PK-6
0.8 mi
•284 1st Ave W
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,443. The majority of Belleville Twp, NJ residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Popeyes
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 46 Franklin St
The listing price of 46 Franklin St property is $1,400,000.
The property 46 Franklin St is land located in Belleville Twp, New Jersey, 07109.
Active Listing: 46 Franklin St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 46 Franklin St are: Belleville Ps4 (GreatSchools Rating 3/10), Carteret Elementary School (GreatSchools Rating 5/10), Salome Urea Elementary School (GreatSchools Rating 3/10), Park Elementary School (GreatSchools Rating 6/10), Abington Avenue Elementary School (GreatSchools Rating 4/10), Ridge Street Elementary School (GreatSchools Rating 6/10), East Orange STEM Academy High School (GreatSchools Rating 6/10), East Orange Campus High School (GreatSchools Rating 1/10), Technology High School (GreatSchools Rating 8/10).
The property 46 Franklin St is 0.23 acres.
This home is located at 46 Franklin St in Belleville Twp, NJ and zip code 07109. Features: 0 bathroom. It has been listed on Rocket Homes since July 30, 2025 and is currently priced at $1,400,000.
In June 2025, from all listings sold in Belleville Twp, NJ there were more than 8 sold above asking price, over 0 sold below and more than 2 were sold right at the asked price. Between May and June 2025, Belleville Twp, NJ real estate market has seen decrease in the number of listings by 1%. While the average time on the market in June 2025 was 51 days, the median list price was $470,000.