Sold
Last Sold Price
5 beds
573 Colonial Rd, Franklin Lakes, NJ 07417
Multi FamilyProperty Type
1 acresLot Size
1890Year Built
6 carsParking Spaces

Description

Legal non-conforming 2 unit house in Franklin Lakes. Great for investment property or to tear down & build your dream home. Unit 1 consists of entire first floor & front half of the second floor. Unit 2 consists of back half of second floor and entire third floor. New septic. House is also for sale as a single family MLS# 3263574.Legal non-conforming 2 unit house in Franklin Lakes. Great for investment property or to tear down & build your dream home. Unit 1 consists of entire first floor & front half of the second floor. Unit 2 consists of back half of second floor and entire third floor. New septic. House is also for sale as a single family MLS# 3263574.
  • Listed by: CAROLE ROYCE • WEICHERT REALTORS
Listing closed: 04/22/2016 12:00 AM • Source: GSMLS Back Office, MLS#: 3263575

Recent comparable sales

Median sold price

$1,600,000

Avg days on market

25

Sale-to-list ratio

105.3%

Franklin Lakes, NJ

9 comparable properties found

1

$1,775,000

Sold 04/30/26

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
2

$1,460,000

Sold 07/17/26

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
3

$1,350,000

Sold 12/03/25

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
4

$1,349,000

Sold 07/24/26

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
5

$1,436,000

Sold 04/02/26

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
6

$1,600,000

Sold 05/07/26

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
7

$1,725,000

Sold 07/21/25

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
8

$1,729,000

Sold 06/12/26

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
9

$1,700,000

Sold 12/05/24

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres

Location

Listing Courtesy of WEICHERT REALTORS, CAROLE ROYCE
Add your commute

Payment Calculator

$3,294 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,620

Property Taxes

$674

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 573 Colonial Road

Property Details
  • Taxes: $8,087 / year
  • MLS Type: Multi Family
  • Directions: Rt 208 to Colonial Road
  • Days On Market: 111
Building Information
  • Residences: 2
  • Year Built: 1890
  • Lot Size: 1.00 AC / 43,560 SF
Summary
Location and General Information
  • Active Days on Market: 111
  • Comprehensive Days on Mkt: 0
  • County #: Bergen
  • Town Name: Franklin Lakes Boro
  • Block Identifier: 1417
  • Listing Type: Exclusive Right to Sell
  • Town #: 1120.0
  • Street # Display: 573.0
  • # Parking Spaces: 6
  • County Or Parish: Bergen
  • Street Name: Colonial Rd
  • Zip Code: 07417-1307
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,087
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 514500.0
  • Tax ID For Property: 1120-01417-0000-00012-0000-
  • Tax Rate Amount: $0
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year: 2015
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Gravel, Additional Parking
  • Garage Description: Detached Garage
Property
Lot Information
  • Lot Identifier: 12
  • Approximate Lot Size: 1.0AC
  • Total Acres: 1.0
  • Construction Date/Year Built: 1890
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 199500.0
  • Assessment Land: 315000.0
Utilities
  • Cooling: See Remarks
  • Utilities: Electric, Gas-Natural
  • Water: Well
  • Heating: 2 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Septic
Interior and Exterior Features
Exterior Features
  • Exterior Description: Clapboard
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Microwave Oven, Self-Cleaning Oven, Ceiling Fan(s), Range/Oven - Electric, Water Filter, Stackable Washer/Dryer, Refrigerator, Dishwasher
  • Unit 1 Baths: 2.1
  • Unit 1 Bedrooms: 4
  • Unit 1 Fireplaces: 1.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 0.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat
  • Unit 1 Rent: 2000.0
  • Unit 1 Room Description: Kitchen, Living/Dining Room, Bedrooms, Den
  • Unit 1 Rooms: 8.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Self-Cleaning Oven, Ceiling Fan(s), Range/Oven - Electric, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 0.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat
  • Unit 2 Rent: 840.0
  • Unit 2 Room Description: Kitchen, Bedrooms
  • Unit 2 Rooms: 2.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 573 Colonial Road

DateEvent & SourcePriceAppreciation
Apr 22, 2016

Sold

GSMLS #3263575

$507,000
Oct 30, 2015

Listed (Active)

GSMLS #3263575

$545,000
Jul 15, 2004

Sold (Public Record)

Public Record #265758226

$585,000
DateEvent & SourcePrice
04/22/2016

Sold

GSMLS #3263575

$507,000
10/30/2015

Listed (Active)

GSMLS #3263575

$545,000
07/15/2004

Sold (Public Record)

Public Record #265758226

$585,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 573 Colonial Road

Taxable ValueLand$292,700Additions$838,600Total$1,131,300
Tax Record2025$21,540 ($1,795 / month)
Home Facts
Beds0Total Finished SqFt5,058 SqFtAbove Grade Finished SqFt5,058 SqFtStories2Lot Size30 SqFtStyleSingle Family ResidenceYear Built1890Year Renovated1890ZoningA225CountyBERGENAPN20-01417-0000-00012

Schools near 573 Colonial Road

This home is within Ramapo Indian Hills Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Colonial Road School
PublicPK to 5

Franklin Ave Middle School
Public6 to 8

Ramapo High School
Public9 to 12

Indian Hills High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 573 Colonial Road, Franklin Lakes, NJ 07417
$507,000
5
43,560
$484,480
3,900
36,329
2,134
14,810
$535,000
1,188
23,522
4,843
48,352
$75,000
22,651

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WEICHERT REALTORS, CAROLE ROYCE

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 09/20/2026 10:42 PM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 09/20/2026 10:42 PM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.