1 St Avenue
Raritan Boro, NJ 08869
Price: $925,000
GSMLS: 3979325Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 6
Baths: 4 Full
Garage: No
Year Built: 1940
Acres: 0.06
Property Tax: $10,376
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
General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
14
Basement:
Yes - Full
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
45X62
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Handicap:
No
Utilities
Heating:
4+ Units, Multi-Zone
Heating Fuel:
Gas-Natural
Cooling:
4+ Units, Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
Cable TV
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Somerset
Town:
Raritan Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$925,000
Tax Amount:
$10,376
Land Assessment:
$146,000
Build. Assessment:
$201,500
Total Assessment:
$347,500
Tax Rate:
2.99
Tax Year:
2024
Listing Information
MLS ID:
3979325
List Date:
08-04-2025
Days On Market:
24
Listing Broker:
PROMINENT PROPERTIES SIR
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
