$10,000
closing credit¹
551 Ewing Ave Franklin Lakes, NJ 07417
Property details
About 551 Ewing Ave
Don’t miss this rare chance to own a unique property featuring two single-family homes on one parcel in desirable Franklin Lakes. With a previous cap rate of 7.5%, this property offers exceptional investment potential. The front home includes 3+ bedrooms and 1 bath, while the recently updated back home boasts 4 bedrooms and 2.5 baths. Situated on an oversized lot, the possibilities are endless—generate rental income, redevelop, or create a multi-generational living setup. This versatile property is a true gem! Showings begin at public open house, Thursday, January 16th from 4:30-6:30.
Highlights
Summary
- MLS Number: 25001731
- Office Name: Coldwell Banker, Allendale/Saddle River Valley
- Office Phone: (201) 327-5050
- Listing Agent: Stergia Kalogirou
Disclaimer: 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. 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.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$965,000
551 Ewing Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2020 | $516,600 | $8,482 |
| 2019 | $516,600 | $8,394 |
| 2018 | $516,600 | $8,451 |
| 2017 | $516,600 | $8,477 |
History based on county public records data.
Nearby schools
7
George Washington Elementary School
Public District KG-5
1.1 mi
•270 Woodland Ave
10
Woodside Avenue School
Public District KG-5
1.3 mi
•305 Woodside Ave
5
High Mountain Road School
Public District PK-5
1.5 mi
•765 High Mountain Rd
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 $104,830. Typical income of Franklin Lakes, NJ residents is between $100k-200k annually. Typical family type is single, no kids. The majority of 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?
Skiing/snowboarding
Men's Tennis
PGA/LPGA
Where do the neighbors shop?
Nordstrom
Bloomingdales
Chico's
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Chipotle
What do the neighbors drive?
BMW
Lexus
Cadillac
What do the neighbors listen to?
Talk/Personality
News
Classical
This home is located at 551 Ewing Ave in Franklin Lakes, NJ and zip code 07417. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $965,000.
The inventory of homes for sale in Franklin Lakes, NJ between November and December 2024 increased by 5.9%. The median list price of listings available in December 2024 was $1,699,450, while the average time on the real estate market was 140 days.