Active

$925,000

48 1st Avenue, Raritan Boro, NJ 08869

6beds

3,500sqft

Est.:

Multi Family

Built in 1940

-- sqft lot

$920,000 Zestimate^®

$264/sqft

$-- HOA

What's special

New kitchenShared drivewayFull basementRenovated kitchen

Prime Investment Opportunity - Legal 4 Family + Commercial Property (54 2nd St) in Raritan. An excellent income-producing opportunity for savvy investors! This package includes a fully rented legal 4-family property and a neighboring commercial building . Four units total: Unit #1: 1BR/1BA (new kitchen, freshly painted " rented $1,350) Unit #2: 1BR/1BA (renovated kitchen " rented $1,350) Unit #3: 2BR/1BA (new kitchen, new paint " rented $2000, Unit #4: 2BR/1BA -rented $1600 Separate gas, electric & water meters (4 of each) " tenants pay all utilities Full basement, 4 gas furnaces, 4 hot water heaters, Shared driveway, no dedicated parking, street parking available Roof approx. 15"20 years old 2025 Property Tax: $10,570.95 ( 54 2nd st tax 5,484 ) Total monthly rent: $6300

149 days

488

11

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

4+ Units, Zoned, Natural Gas

Cooling

4+ Units, Window Unit(s)

Features

Bedrooms, Kitchen, Living/Dining Room
Basement: Yes,Full
Has fireplace: No

Interior area

Total structure area: 3,500
Total interior livable area: 3,500 sqft

Property

Parking

Parking features: On Street, On-Street Parking
Has uncovered spaces: Yes

Lot

Size: 2,613.6 Square Feet
Dimensions: 45 x 62
Features: Corner Lot

Details

Parcel number: 2716000820000000260000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Year built: 1940

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected, Cable Connected

Community & HOA

Location

Region: Raritan

Financial & listing details

Price per square foot: $264/sqft
Tax assessed value: $347,500
Annual tax amount: $10,376
Date on market: 8/4/2025
Total actual rent: 6300
Tenant pays: Electricity, Gas, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water, Tenant Pays Heat