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Under contract
  • Price cut: $15K (3/11)
    $534,999

    725 New Market Ave, South Plainfield, NJ 07080

    4beds
    2baths
    1,530sqft
    : 
    Multi Family
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $350/sqft
    $-- HOA

    What's special

    Discover an outstanding investment opportunity with tis charming two-family residence, ideally situated in the vibrant heart of South Plainfield. This two-unit home is meticulous and well-maintained that features two spacious units that are currently rented, with each offering 2 bedrooms and 1 bathroom, providing immediate rental income. Each unit showcases bright, inviting living spaces, well-appointed kitchens, and comfortable bedrooms, ensuring an excellent living experience for tenants. The home sits on a generous L-shaped lot, offering ample potential to enhance its value by adding a garage and driveway with access from the side street. This two-unit home also boasts 2 newer Navien tankless water heaters providing instant hot water to each apartment. Perfectly positioned near top-rated schools, shopping centers, and within a minute from a beautiful dog park, this property combines convenience with a strong community atmosphere. Whether you're an investor seeking a high-yield rental property or a homeowner looking to live in one unit while renting out the other, this versatile home is an excellent choice. This unique property is nestled on one of the largest lots that a multi family home can offer with potential of increasing its square footage in the future and with lots of opportunities to also increase its value and income. Don't miss out on this incredible opportunity schedule your showing today!
    84 days
    on Zillow
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    57
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    Zillow last checked: 7 hours ago

    Listing updated: April 02, 2025 at 02:46pm

    Listed by:

    Briana Reis,

    SIGNATURE REALTY NJ 973-921-1111

    Source: All Jersey MLS,MLS#: 2508925RMLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Hot Water
    Cooling
    • A/C Window Unit(s), Attic Fan, Unit 1(A/C Unit), Unit 2(A/C Unit)
    Appliances
    • Included: Water Heater(Electric), Water Heater, Unit 1(Dryer, Refrigerator, Washer), Unit 2(Dryer, Refrigerator, Washer)
    Features
    • Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room)
    • Basement: Full, Storage Space, Divided Use, Laundry Facilities
    Interior area
    • Total structure area: 1,530
    • Total interior livable area: 1,530 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Detached, 4(+)Car Parking
    • Has garage: Yes
    Features
    • Stories: 2
    Lot
    • Size: 4,600 Square Feet
    • Dimensions: 100.00 x 46.00
    • Features: Irregular Lot
    Details
    • Parcel number: 2200315000000026
    • Zoning: R10

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1928

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: South Plainfield

    Financial & listing details

    • Price per square foot: $350/sqft
    • Tax assessed value: $113,000
    • Annual tax amount: $7,546
    • Date on market: 2/5/2025
    • Ownership: Fee Simple
    • Lease term: Unit 1(Month-Month),Unit 2(Month-Month)
    • Electric utility on property: Yes
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