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48 1st Avenue Raritan, NJ $ 925,000
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$ 925,000 Get more info
48 1st Avenue
$ 925,000
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48 1st Avenue

Raritan, NJ, 08869
$ 925,000
Bedrooms6 Baths4.0

Monthly Estimate*

$ 5,771

48 1st Avenue, Raritan, NJ 08869 - Image 1
48 1st Avenue, Raritan, NJ 08869 - Image 2
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48 1st Avenue, Raritan, NJ 08869 - Image 9
48 1st Avenue, Raritan, NJ 08869 - Image 10

Multi-Family Home for sale in Raritan, NJ

for $925,000 with 6 bedrooms and 4 full baths. This home was built in 1940 on a lot size of 0.06.

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

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Multi-Family Active

Price

$ 925,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,376

Style

Fourplex

Lot Size

0.06

Year Built

1940

Town/City

Raritan

County/Region

Somerset

MLS | Web ID

3979325
Features
General
Sewer Public Sewer
Heating 4+ Units Multi-Zone
Cooling 4+ Units Window A/C(s)
Utilities Gas-Natural
Possession 30
Roof Asphalt Shingle
Architectural Style Fourplex
Year Built 1940
Garage On-Street Parking
Township Raritan Boro
Tax Year 2024
Gross Income 0
County Somerset
Net Operating Income 0
Operating Expense 0
Total Rooms 14
Full Baths 4
Status Active
Directions Route 202 to First Ave.
Open Parking Spaces 0
Number Of Units Total 4
Tax Annual Amount 10376
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 347500
Town # 2716
Tax Lot 26
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Interior
Basement Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 1.0
Unit 2 Beds Total 1
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 6
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Exterior
Lot Features Corner
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 45X62
Lot Size Acres 0.06
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* Excluded Features
List By
MAGGIE RAFFAELE

Listing Agent

Prominent Properties Sir

Broker

Affordability Calculator

$6,635
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,771
Monthly Property Taxes
$865
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/4/2025$925,000 Listed Price

Map

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48 1st Avenue, Raritan, NJ, 08869 is a Multi-Family Home for sale at $925,000 with a lot size of 0.06. 48 1st Avenue has 6 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 08869 which is in Raritan, NJ

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