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197 North Ave Plainfield, NJ $ 2,300,000
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$ 2,300,000 Get more info
197 North Ave
$ 2,300,000
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197 North Ave

Plainfield, NJ, 07060
$ 2,300,000
Bedrooms-- Baths--

Monthly Estimate*

$ 15,886

197 North Ave, Plainfield, NJ 07060 - Image 1
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197 North Ave, Plainfield, NJ 07060 - Image 9
197 North Ave, Plainfield, NJ 07060 - Image 10
197 North Ave, Plainfield, NJ 07060 - Image 11
197 North Ave, Plainfield, NJ 07060 - Image 12
197 North Ave, Plainfield, NJ 07060 - Image 13
197 North Ave, Plainfield, NJ 07060 - Image 14
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Commercial Property for sale in Plainfield, NJ

for $2,300,000 with 10 half baths. This building was built in 1894.

Located directly across from Plainfield Station, this 10-unit mixed-use investment property offers strong in-place cash flow and long-term upside in one of Plainfield?s key transit-oriented redevelopment areas. The property consists of 7 large 3-bedroom, 1-bath apartments and 3 commercial units, providing diversified income and strong rental appeal. With excellent visibility, immediate NJ Transit access and ongoing public and private investment throughout the downtown North Avenue corridor, this property presents a compelling opportunity for investors seeking both current income and future growth.

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Commercial Active

Price

$ 2,300,000

Half Bath

10

Property Type

Commercial

Taxes

$ 21,383

Style

MixedUse

Year Built

1894

Town/City

Plainfield

County/Region

Union

MLS | Web ID

4057856
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 4+ Units See Remarks
Cooling No Cool
Utilities Gas-Natural See Remarks
Possession at close
Roof Flat Rubberized
Zoning commerical
Year Built 1894
Tenant Pays Electric Gas Heat
Township Plainfield City
Property Type Apartment Complex Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District
Gross Income 247704
County Union
Net Operating Income 174897
Operating Expense 72807
Status Active
Directions Watchung to North Ave
Number Of Units Total 10
Tax Annual Amount 21383
Drive None On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 504400
Town # 2912
Tax Lot 9
Cap Rate 7.60
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Interior
Basement Finished-Partially Unfinished
Fuel Type Gas-Natural
Total Stories 4
Half Baths 10
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Exterior
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 9120
Lot Dimensions 57X80 IRR
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* Excluded Features
List By
BRIAN FERNANDES

Listing Agent

Re/Max Central

Broker

fernandes.brian1@gmail.com

Email

Affordability Calculator

$17,667
Per Month
90%
10%
0%
Monthly Principal & Interest
$15,886
Monthly Property Taxes
$1,782
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/8/2026$2,300,000 Listed Price

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197 North Ave, Plainfield, NJ, 07060 is a Commercial Property for sale at $2,300,000. 197 North Ave was built in 1894. The property's zip code is 07060 which is in Plainfield, NJ

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