NJ
Somerset
Raritan Boro
08869
48 1st Avenue
48 1st Avenue, Raritan Boro, NJ 08869
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Listing Type
Multi Family
Listing Status
active
10
$925,000

Home Details for 48 1st Avenue

Price
$925,000
Type
Residential Income
Bedrooms
6
Bathrooms
4.0
Square feet
3500
Year built
1940
Lot size acres
0.06
County
Somerset
Total rooms
14
Garage
Basement
Full
Days on site
98
MLS Listing#
3979325
Property Description

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

Property Features
  • Heating Information
    • Natural Gas
    • Zoned
  • Utilities
    • Cable Available
    • Natural Gas Available
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Parking
    • On Street
  • Basement
    • Full
Listing Courtesy: PROMINENT PROPERTIES SIR - 201-585-8080
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2025 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Erica Campbell
Franchisee
Office
973 746 4777
Agent
973 277 3965
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