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!
Active
$575,000
52-54 First Ave, Raritan Boro, NJ 08869
4beds
--sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private entrance
- 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#: 3958366

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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