28
See all 28 photos
$575,000
Est. payment /mo
4 Beds
2 Baths
6,534 Sqft Lot
New
52-54 First Ave Raritan Boro, NJ 08869
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3958366
Style Duplex-Side by Side
Bedrooms 4
Full Baths 2
Year Built 1950
Annual Tax Amount $9,161
Tax Year 2024
Lot Size 6,534 Sqft
Property Description
Exceptional Investment or Owner-Occupant Opportunity in the Heart of Raritan!Welcome to 52-54 1st Ave a well-maintained duplex located in the highly sought-after Bridgewater-Raritan School District. This versatile two-family property offers strong cash flow potential and the rare option for an owner-occupant to live in one unit while generating income from the other.Each unit features its own private entrance and separate gas/electric, ensuring privacy and ease of management. Unit 1 is currently leased at $2,200/month, while Unit 2 is vacant perfect for immediate occupancy or can be rented at market rate of up to $2,500+/month, offering excellent upside.Located just a short walk from the Raritan Train Station, this home is a commuter's dream with easy access to New York City. Enjoy the charm and convenience of Downtown Raritan, where you'll find local shops, restaurants, and community events. Nature lovers will appreciate being minutes away from the scenic trails and preserved grounds of Duke Farms.With easy access to Routes 202, 206, 22, I-287, and I-78, this location provides unmatched convenience for travel throughout Central Jersey and metropolitan areas. Whether you're a seasoned investor or a savvy home buyer looking to offset your mortgage with rental income, this property is a rare and valuable find in today's competitive market.Don't miss this prime opportunity!
Location
State NJ
County Somerset
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style Duplex-Side by Side
Schools
Elementary Schools Bridg-Rar
Middle Schools Bridg-Rar
High Schools Bridg-Rar
Others
Senior Community No
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Listed by TERRIE O'CONNOR REALTORS