24 Leupp Ln
Franklin Twp, NJ 08873
Price: $440,000
GSMLS: 4002337Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 5
Baths: 2 Full
Garage: No
Year Built: Unknown
Acres: 0.79
Property Tax: $9,222
Description
Delivered completely vacant and sitting on an exceptionally rare 34,560 sq ft (0.7934 acres) lot, this two-family fixer-upper is the kind of canvas investors and developers wait for, space, flexibility, and upside in one package.The existing layout offers a solid starting point for value-add: a 4-bedroom / 1-bath unit over a 1-bedroom / 1-bath unit. 5 bedrooms, 2 bathrooms, ideal for a full renovation and reposition. With two separate units and vacant possession, you can move straight into your plan: renovate and hold, renovate and sell, or explore longer-term strategies based on what's feasible for the site. What truly separates this opportunity is the nearly 0.8-acre parcel. Land like this opens the door to creative possibilities expanded outdoor amenities, parking, storage, potential addition/expansion, acknowledging that any future use, subdivision, or redevelopment would be subject to township approvals, zoning, permits, and due diligence. Bring your contractor, architect, and vision, this is a true investor-grade opportunity with room to add real value.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
8
Basement:
Yes - Finished-Partially
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
144X240
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width
Spaces Available:
8
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Somerset
Town:
Franklin Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$440,000
Tax Amount:
$9,222
Land Assessment:
$385,200
Build. Assessment:
$176,800
Total Assessment:
$562,000
Tax Rate:
1.75
Tax Year:
2024
Listing Information
MLS ID:
4002337
List Date:
12-20-2025
Days On Market:
21
Listing Broker:
KELLER WILLIAMS VILLAGE SQUARE
Listing Agent:
Luis Tomas Estrella
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: EdenLaneLiving.com
