24 Franklin Ave, Maplewood, NJ, 07040
About This Home
Welcome to this bright and well-maintained legal three-family property located in the desirable Hilton section of Maplewood, just a few blocks from the bus, jitney, parks, shopping, and restaurants. This attractive investment opportunity features a three-car detached garage, a private driveway with ample off-street parking, a level backyard, and a partially finished basement with a laundry area, half bath, two storage rooms, and a utility room. All three apartments are currently tenant occupied, providing immediate rental income. This well-maintained property presents a rare opportunity to own a turnkey investment in one of Essex County's most desirable communities.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1915
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Exhaust Fan,Range/Oven - Gas,Refrigerator,Kitchen Exhaust Fan,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Partially Finished,French Drain
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3.1
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- High Ceilings,Dining Room,Eat-in Kitchen,Living Room,Master Bedroom,Bedrooms,Kitchen,Ceiling Fan(s)
- Flooring: Carpet,Wood
Heating & Cooling
- Heating features: 2 Units,Radiators - Steam,Natural Gas
- Cooling features: Ceiling Fan(s),Window Unit(s)
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 1611000490015000720000
- Zoning description: Residential
- Exclusions: None
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Open Porch(es),Patio
- Exterior features: Sidewalk
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: 50 x 100
Parking
- Total spaces: 5
- Parking features: 2 Car Width,Additional Parking,Asphalt,Off Street,Detached Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- Uncovered spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,171 | $50,052 |
| Home Insurance * | $228 | $2,736 |
| Property Taxes | $1,596 | $19,152 |
| Electricity | $193 | $2,318 |
| Total | $6,188 | $74,256 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $825,000 |
| 2023-06-30 | Sold | $675,000 |
| 2023-04-23 | Pending sale | $750,000 |
| 2023-03-15 | Listed for sale | $750,000 |
| 2018-06-07 | Listing removed | $1,300 |
| 2018-03-12 | Price change | $1,300 |
| 2018-01-23 | Price change | $1,350 |
| 2017-12-31 | Listed for rent | $1,450 |
| 2016-07-23 | Listing removed | $1,800 |
| 2014-12-02 | Listing removed | $1,175 |
| 2014-11-20 | Price change | $1,175 |
| 2014-10-28 | Price change | $1,300 |
| 2014-09-18 | Price change | $1,400 |
| 2014-07-31 | Listed for rent | $1,200 |
| 2013-06-26 | Listing removed | $1,000 |
| 2013-05-08 | Listed for rent | $1,000 |
| 2013-03-14 | Listing removed | $1,475 |
| 2013-02-07 | Price change | $1,475 |
| 2012-12-05 | Listed for rent | $1,600 |
| 2007-10-01 | Sold | $425,000 |
| 2007-05-31 | Sold | $425,000 |
| 2004-09-22 | Sold | $362,000 |
| 2002-06-03 | Sold | $275,000 |
| 1995-11-08 | Sold | $170,000 |
For Sale by Agent
View on Zillow