by RHP Realty

Check Availability
$799,900
↓ $199K (19.9%)
Multifamily - For Sale

521 Canal Rd

Franklin Twp., NJ 08873
bedrooms
12 Beds
bathrooms
0 Bath
$3,928
Estimated Monthly

About This Property

Two homes on one lot with parking for 15 cars. Operating as a nonprofit Mental Health Facility for the past 40 years. The first structure/main home is a two story Dutch Colonial with 12 rms consisting of 6 bedrooms, 2.5 baths, kit, din, liv, foyer/library and a walk out basement with two offices. The second structure is a Converted Barn/Office/Dwelling with 13 rooms of which the walk out 1st floor offers: 3 bedrooms, lounge & full bath. The 2nd floor is also ground level (in the front) which is the facilities office space and has a reception area, conference rm, 3 offices/Bedrooms, kitchenette & a half bath. An added bonus to the office space is a spiral staircase leading to a mezzanine overlooking the reception area plus two storage rooms. The third structure is a barn which offers parking for 1 car, 2 horse stalls, a storage room and walk up stairs to the loft which has a game room and arts & crafts room. Dutch Colonial/main home has it's own septic, oil fired boiler with radiators/steam for heat & a propane tank for cooking. The Converted Barn/Office/Dwelling has it's own septic, electric heat on 1st floor walkout, radiant heat in the floors for the office space, CAC (only in the office). The third structure/barn has a ceiling mounted propane heater for the loft. Property includes additional adjoining lot 18.05 located at 1 Miller Farm Rd. (NOT buildable). Total acres for both lots 5.33. Minutes to Princeton, Somerville & New Brunswick. Easy access to Rts 287, 78, 22 & 1.
Unit Size
-
Days on Market
76 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,433
HOA Dues
-
Year Built
-

Listed By

Last updated: 2 months ago (GSMLS #3894638)

Price History

Date / Event Date Event Price
May 7, 2024 Price Decreased $799,900
↓ $199K (19.9%)
Price Decreased
Apr 6, 2024 Listed by MILLENNIUM 21 REALTY $999,000
Listed by MILLENNIUM 21 REALTY

Property Highlights

Air Conditioning
Parking Details
Open Parking Spaces: 15
Driveway Description: Crushed Stone, Driveway-Exclusive, Parking Lot-Exclusive
Interior Details

Interior Information

Water Heater: Gas

Basement Information

Has Basement
Basement Description: Finished, Full, Walkout

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4 Baths
3,433 ft²
$228/ft²
$783,000 May 31, 2019
$783,000 Oct 11, 2019
-
House
5 Beds
3 Baths
-
$1,190,000 Nov 30, -0001
$1,220,000 Jan 12, 2024
-
House
9 Beds
5 Baths
-
$999,000 Mar 12, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

521 Canal Road 521 Canal Road, Somerset, NJ 08873
  • 2 Units for Sale
More about this Building
521 Canal Road
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About Blackwells Mills


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Unit for sale at 521 Canal Road, Franklin Twp., NJ 08873

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521 Canal Road, Franklin Twp., NJ 08873 Listing by JAMES C. FINKEL

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