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  • $575,000

    52-54 First Ave, Raritan Boro, NJ 08869

    4beds
    --sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Private entrance
    Exceptional Investment or Owner-Occupant Opportunity in the Heart of Raritan!Welcome to 52-54 1st Ave a well-maintained duplex located in the highly sought-after Bridgewater-Raritan School District. This versatile two-family property offers strong cash flow potential and the rare option for an owner-occupant to live in one unit while generating income from the other.Each unit features its own private entrance and separate gas/electric, ensuring privacy and ease of management. Unit 1 is currently leased at $2,200/month, while Unit 2 is vacant perfect for immediate occupancy or can be rented at market rate of up to $2,500+/month, offering excellent upside.Located just a short walk from the Raritan Train Station, this home is a commuter's dream with easy access to New York City. Enjoy the charm and convenience of Downtown Raritan, where you'll find local shops, restaurants, and community events. Nature lovers will appreciate being minutes away from the scenic trails and preserved grounds of Duke Farms.With easy access to Routes 202, 206, 22, I-287, and I-78, this location provides unmatched convenience for travel throughout Central Jersey and metropolitan areas. Whether you're a seasoned investor or a savvy home buyer looking to offset your mortgage with rental income, this property is a rare and valuable find in today's competitive market.Don't miss this prime opportunity!
    2 days
    on Zillow
    |
    707
    |
    64
    |

    Likely to sell faster than

    Zillow last checked: 13 hours ago

    Listing updated: April 25, 2025 at 03:38am

    Listed by:

    Frank J. Cascio 201-934-0600,

    Terrie O'connor Realtors

    Source: GSMLS,MLS#: 3958366MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 52-54 First Ave.

    Next available tour time:Today at 12pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard - Hotwater, Natural Gas
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Dishwasher, Microwave, Range/Oven - Gas, Refrigerator, Washer/Dryer Stacked, Dryer, Microwave Oven, Washer
    • Laundry: Laundry Room
    Features
    • Attic, Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen, Master Bedroom, Ceiling Fan(s)
    • Basement: Yes,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: 1 Car Width, Concrete Strip, None
    • Uncovered spaces: 2
    Features
    • Patio & porch: Porch
    Lot
    • Size: 6,534 Square Feet
    • Dimensions: 45 x 145
    Details
    • Parcel number: 2716000820000000280000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Roof: See Remarks
    Condition
    • Year built: 1950
    • Major remodel year: 2021

    Utilities & green energy

    • Gas: Gas-Natural
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
    Location
    • Region: Raritan

    Financial & listing details

    • Tax assessed value: $306,800
    • Annual tax amount: $9,161
    • Date on market: 4/23/2025
    • Total actual rent: 2200
    • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
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