-361 Prospect Street, Perth Amboy, NJ 08861

Perth Amboy
Local realty services provided by:Better Homes and Gardens Real Estate Elite
-361 Prospect Street,Perth Amboy, NJ 08861
$999,999
Virtual Tour
  • - Beds
  • 4 Baths
  • 2,868 sq. ft.
  • Multi-family
  • Active
Listed by: janice cerasani
Office: re/max select
MLS#:2704726R
Source:NJ_MCMLS

Price summary

  • Price:$999,999
  • Price per sq. ft.:$348.67

About this home

Excellent investment opportunity at 361 Prospect St in Perth Amboy! This income-producing 3-family property offers a strong 8.6% CAP RATE with approximately $86,568 in annual net income after taxes and maintenance. The property features three spacious residential units, 1 two bedroom 1 bath, 1 two bedroom 2 bath, and 1 four bedroom 1 bath, providing a desirable unit mix for investors. Additional income potential is provided by three detached garages that can be rented separately. Tenants are responsible for their own utilities, helping to keep operating expenses low. The property also offers a full basement with 8 foot ceilings, a full bathroom/storage space, public water and sewer, and convenient access to local shopping, transportation, schools, major roadways and the Perth Amboy waterfront. An attractive opportunity for investors seeking immediate cash flow with additional long-term upside. Owner will entertain SELLER FINANCING with a minimum 30% down payment, subject to...

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Home facts

  • Year built:1903
  • Listing ID #:2704726R
  • Added:2 day(s) ago
  • Updated:September 20, 2026 at 03:28 PM

Rooms and interior

  • Total bathrooms:4
  • Rooms Total:11
  • Basement Description:Bath Full, Full
  • Living area:2,868 sq. ft.

Heating and cooling

  • Cooling:A/C Wall Unit(s), A/C Window Unit(s)
  • Heating:Baseboard, Forced Air, Radiant

Structure and exterior

  • Roof:Asphalt
  • Year built:1903
  • Building area:2,868 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Near Shopping
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$999,999
  • Price per sq. ft.:$348.67
  • Tax amount:$9,973

Features and amenities

  • Appliances:Water Heater

Parking

  • Parking description:1-2 Car Parking, 3-4 Car Parking, Detached
  • Garage:Yes
  • Garage spaces:3
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