CCertihomes
19 N Franklin Street, Bloomfield, NJ 07003

$2,000,000

0 beds 0 baths 3,494 sqft Built 1983243 days on marketActive

About this home

19 Franklin Street is a mixed-use commercial building, in the vibrant Bloomfield, with 6 income-generating rentals. Fully renovated in 2023, offering modern finishes and strong tenant appeal across all units. This renovated building features a total of 6 rental spaces: the second floor consists of three spacious 2-bedrooms, 1-bath residential unit; the first floor hosts a fully leased retail storefront; the garage and the basement is also rented, maximizing income potential. The property offers six private parking spaces. Each residential space is outfitted with stainless steel appliances, sleek new cabinetry, and beautiful hardwood flooring throughout. Tenants enjoy in-unit laundry, added convenience, and enhanced privacy. The building is secured with surveillance cameras and has been meticulously cared for inside and out. Strategically positioned across the street from a shopping center, a bank, restaurants, and a bus station, this property offers excellent foot traffic, high visibility, and unmatched accessibility for commuters and shoppers alike. Whether you're an investor looking for a low-maintenance, cash-flowing asset or seeking to expand your portfolio, 19 Franklin Street delivers lasting value and strong stream of passive income.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$13,326/mo

Real estate (PITI + HOA + PMI)
$13,518
Principal + interest$9,071
Property tax + insurance$3,697
PMI / 2nd mortgage$750
Utilities
$642
Heating + cooling$159
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$133
Car insurance + maintenance$133
Other (entertainment)
$158
$13,326/mo TLC
Budget$13,826/mo
Remaining after TLC$500/mo
Purchase price
$2,000,000
Down payment
$100,000 (5%)
Loan amount
$1,900,000
APR
4%

Quick facts

Type
Commercial
Style
Year built
1983
Lot size
0.1129 ac
Stories
2
Heating
Zoned, Forced Air
Cooling
Central Air, Ceiling Fan(s)
Water
Public
HOA
Annual tax
$21,242
MLS #
2515639R
County
Essex

At a glance

Air conditioning

Home features

Appliances
Refrigeration
Interior
Refrigeration
Community
Laundry Room
Parking
Parking LotUnassigned
Flooring
Carpet, Tile, Wood
Roof
See Remarks
Sewer
Public Sewer

Lot features

Near Public Transit, Business District, Commercial Area

Neighborhood — 07003

MetricThis ZIPCountyUSA
Population56,9848,832,837299,088,112
Population Change Since19903.00%14.00%20.00%
Population Density10,5431,137
Male27,2314,307,827147,432,321
Female29,7534,525,010151,655,844
Never Married14,7791,965,81163,775,926
Married22,5213,647,435123,120,365
Separated1,952391,23912,639,686
Widowed3,576515,17215,467,586
Divorced3,731529,39323,075,029
Number Of House Hold22,6553,167,345111,826,380
Average House Hold Size2.492.732.60
Medial Age37.7937.1535.46
Median House Hold Income$62,158$63,392$48,276
Average House Hold Income$76,850$83,312$63,629
P C I$31,169$30,662$24,529
M D I$51,526$52,505$41,133
A T H E$58,184$61,369$50,898
S T R7.00%7.00%
W C J82.23%81.02%77.74%
(Zip) Code
7003

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Central Jersey Multiple Listing System, INC

Listing information last refreshed 6/21/2025. Provided courtesy of UNITED R.E. OF NORTH JERSEY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.