1745 -1749ratzer Rd, Preakness, NJ 07470

Preakness
Local realty services provided by:Better Homes and Gardens Real Estate Elite
1745 -1749ratzer Rd,Wayne Twp., NJ 07470
$2,500,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Single family
  • Active
Listed by: matthew o hare
Office: coldwell banker realty201-930-8820
MLS#:4055424
Source:NJ_GSMLS

Price summary

  • Price:$2,500,000

About this home

RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY! An exceptional property offering the unique combination of substantial in-place rental income and exciting future redevelopment potential.Situated on one property are FOUR existing houses currently generating a combined $10,725 PER MONTH in rental income ? approximately $128,700 in gross annual income. This provides an investor with meaningful cash flow from day one while evaluating the property's longer-term possibilities.The real opportunity lies in the flexibility of the asset. Continue operating the four existing residences as an income-producing investment, explore opportunities to enhance the property's current use, or investigate its future redevelopment potential. The property's configuration and overall potential create a compelling opportunity for investors, developers, builders, and end users looking for a value-add acquisition.Property is being marketed based upon its existing use and potential. Any proposed development,...

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Home facts

  • Year built:1900
  • Listing ID #:4055424
  • Added:45 day(s) ago
  • Updated:November 12, 2026 at 04:13 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:20
  • Flooring:Vinyl-Linoleum, Wood
  • Kitchen Description:Eat-In Kitchen, Range/Oven-Gas, Refrigerator
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Wall A/C Unit(s)
  • Heating:Baseboard - Hotwater

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1900
  • Lot area:0.75 Acres
  • Lot Features:Corner, Level Lot, Possible Subdivision
  • Architectural Style:A-Frame, Extra House on Lot
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,500,000
  • Tax amount:$16,170 (2025)

Features and amenities

  • Appliances:Range/Oven-Gas, Refrigerator
  • Amenities:Gas-Natural

Parking

  • Parking description:2 Car Width, Detached Garage
  • Garage spaces:2
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated November 12, 2026

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