1582 Irving St Rahway, NJ $ 795,000
1582 Irving St
$ 795,000
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1582 Irving St

Rahway, NJ, 07065
$ 795,000
Bedrooms-- Baths-- Sq 2,650

Monthly Estimate*

$ 5,020

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Commercial Property for sale in Rahway, NJ

for $795,000 with 4 half baths. This 2,650 square foot building was built in 1930 on a lot size of 0.1.

Exceptional mixed-use investment opportunity in the heart of Rahway! This fully renovated three-story building, updated in 2012, is ideally situated directly across from the Union County Performing Arts Center, offering outstanding visibility and a prime downtown location.The property features approximately 950 square feet of ground-floor retail space along with two residential apartments has amazing earning potential. The residential units include a spacious 4-bedroom, 2-bath apartment and a 3-bedroom, 1-bath apartment.Extensive renovations over the years include a brand-new stucco fa ade, partially replaced windows, updated kitchens and bathrooms, bamboo and ceramic tile flooring throughout, new furnaces and water heaters, updated plumbing and electrical systems, plus new sheetrock, doors, and trim. This well-maintained, turnkey property is an ideal addition to any investment portfolio, offering immediate cash flow potential.

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Commercial Active

Price

$ 795,000

Half Bath

4

Property Type

Commercial

Taxes

$ 12,433

Style

Store With Apartment

Lot Size

0.1

Year Built

1930

Town/City

Rahway

County/Region

Union

MLS | Web ID

4040258

Features
General
Sewer Public Sewer
Construction Wood
Heating 1 Unit Baseboard - Hotwater Multi-Zone
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Rubberized
Zoning S01-COMM
Year Built 1930
Township Rahway City
Property Type Mixed Use Store With Apartment Store With Apartment
Tax Year 2025
Ownership Fee Simple
Location Business District
Gross Income 84000
County Union
Net Operating Income 71000
Operating Expense 13000
Status Active
Directions St Georges Ave to West Grand Ave to Irving St (across from Union County Performing Arts Center)
Number Of Units Total 3
Tax Annual Amount 12433
Drive None On-Street Parking
Leasable Area 950
Standard Status Active
Tax Assessed Value 160000
Town # 2913
Tax Lot 4
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Exterior
Water Source Public Water
Exterior Description See Remarks Vinyl Siding
Building Area Total 2650
Lot Dimensions 24X97
Lot Size Acres 0.10
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Interior
Fuel Type Gas-Natural
Total Stories 3
Half Baths 4
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* Excluded Features
List By
JON CARLO CASCIO

Listing Agent

Keller Williams Realty

Broker

joncarlo@radiusrealtynj.com

Email

Affordability Calculator

$6,056
Per Month
83%
17%
0%
Monthly Principal & Interest
$5,020
Monthly Property Taxes
$1,036
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/13/2026$795,000 Listed Price

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1582 Irving St, Rahway, NJ, 07065 is a Commercial Property for sale at $795,000 with 2,650 sqft and a lot size of 0.1. 1582 Irving St was built in 1930. The property's zip code is 07065 which is in Rahway, NJ