48 1st Avenue, Raritan, NJ 08869

Local realty services provided by:Better Homes and Gardens Real Estate Maturo
48 1st Avenue,Raritan Boro, NJ 08869
$925,000
  • 6 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maggie raffaele
Office: prominent properties sir
MLS#:3979325
Source:NJ_GSMLS

Price summary

  • Price:$925,000

About this home

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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Home facts

  • Year built:1940
  • Listing ID #:3979325
  • Added:72 day(s) ago
  • Updated:November 14, 2025 at 03:15 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Cooling:4+ Units, Wall A/C Unit(s)
  • Heating:4+ Units, Multi-Zone

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1940
  • Lot area:0.06 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$925,000
  • Tax amount:$10,376 (2024)
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. 2025 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 14, 2025

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