$725,000
●
House -
For Sale
70 Appleman Rd
Franklin Twp., NJ 08873
4 Beds
2 Baths,
1
Half Bath
$4,393
Est. Monthly
About This Property
Welcome to this move-in ready 4 bedroom, 2.5 bath bi-level
featuring a bright, open layout. Main living area has vaulted
ceilings creating an airy, spacious feel in the main living and
dining rooms. Upper level with 3 bedrooms and 2 full bathrooms,
main living room, kitchen, formal dining room. Lower level features
1 bedroom, family room, half bath and laundry/utility room w/ a
high efficiency HVAC system and new hot water heater as well as an
attached 2 car garage. The home is situated on a .38 acre corner
lot. Spacious back yard w/ patio, deck and storage shed.
There is a near-by neighborhood park featuring tennis, pickleball
and basketball courts and a fun playground, just a short stroll
away! Also, an added bonus is how close this location is to
everyday shopping and quick commuter routes via Route 287 as well
as near 2 NJ Transit stations for those who commute into NYC.
Unit Size
-
Days on Market
-
Land Size
0.39 acres
Price per sqft
-
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
1962
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (GSMLS #4044776)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2026 | Listed by NJ REAL ESTATE BOUTIQUE LLC | $725,000 | |
| Listed by NJ REAL ESTATE BOUTIQUE LLC | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached, DoorOpnr, InEntrnc
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Gas Cooktop, Dishwasher, Exhaust Fan, Microwave, Self Cleaning Oven, Range/Oven-Gas
Flooring Type: Wood
Rooms: 8
Exterior Details
Architectural Style: Bi-Level
Year Built: 1962
Construction Materials: Composition Shingle
Patio and Porch Features: Deck, Patio
Lot Features: Corner Lot
Lot Size Area: 16988.4
Lot Size Units: Square Feet
Lot Size Acres: 0.39
Lot Size Square Feet: 16988.4
Water Source: Public
Financial Details
Tax Assessed Value: $587,600
Tax Annual Amount: $9,995
Utilities Details
Cooling Type: Central Air, 1 Unit
Heating Type: 1Unit, ForcedHA, Humidifr
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Somerset
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Last Updated: 3 months ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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