361 Prospect St

5
Baths
2,868 Sq. Ft.
$375 / Sq. Ft.
2,868
Sq. Ft.
$375
per Sq. Ft.

Description

Investor special! High-yield 3-family property in Perth Amboy offering exceptional cash flow at an attractive entry price. Property highlights: (3) Income-generating units (including a large 4-bedroom) (3) garages for added revenue Tenants pay all utilities = low expenses With $99K gross income and $86K NOI, this deal presents a rare opportunity to secure an 8% cap rate in a growing market. Ideal for: Investors seeking maximum cash flow Value-add buyers looking to increase rents over time Seller...Investor special! High-yield 3-family property in Perth Amboy offering exceptional cash flow at an attractive entry price. Property highlights: (3) Income-generating units (including a large 4-bedroom) (3) garages for added revenue Tenants pay all utilities = low expenses With $99K gross income and $86K NOI, this deal presents a rare opportunity to secure an 8% cap rate in a growing market. Ideal for: Investors seeking maximum cash flow Value-add buyers looking to increase rents over time Seller open to seller financing. Shared Driveway. AS IS, Buyer is responsible for CO. Some photos are virtually enhanced)
  1. Listed by PETER BOUTROS • EXP REALTY, LLC

Property Details for 361 Prospect Street

Zoning
R-25
Year Built
1903
LISTING UPDATED: 03/30/2026 02:59 PM

Property Details for 361 Prospect Street

StatusActive
MLS #2612858R
Days on Market47
Taxes$9,972 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 3 Family
Year Built1903
Lot Size0.12 AC / 5,249 SF
CountyMiddlesex County

Location

Listing Courtesy of EXP REALTY, LLC, PETER BOUTROS
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Building Information for 361 Prospect Street

Stories2Residences-Year Built1903Building Size-Lot Size0.12 AC / 5,249 SF

Payment Calculator

$6,244 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,413

Property Taxes

$831

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 361 Prospect Street

Summary
Location and General Information
  • State Or Province: NJ
Parking
  • Attached Garage: No
  • Carport Spaces: 0.0
  • Carport: No
  • Covered Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Garage, Detached
Owner
  • Ownership: Fee Simple
Taxes and HOA Information
  • Tax Annual Amount: $9,972.00
  • Tax Year: 2025
  • Other Fees: $.00
Virtual Tour
Property
Lot Information
  • Building Area Total: 2868.0
  • Living Area: 2868.0
  • Living Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.1205
  • Lot Size Area: 0.1205
  • Lot Size Dimensions: 105.00 x 0.00
  • Lot Size Square Feet: 5249.0
Property and Assessments
  • Water Source: Public
  • Parcel Number: 1600159000000004
  • Photos Count: 50
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
Interior and Exterior Features
Interior Features
  • Cooling: A/C Window Unit(s)
  • Gas: Natural Gas
  • Heating: Central, See Remarks
  • Heating: Yes
  • Interior Features: Unit 1(2 Bedrooms,Kitchen,Living Room,2+ Baths), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(4 Bedrooms,Kitchen,Living Room,2+ Baths)
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Postal Code: 08861
  • Postal Code Plus4: 5157
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Basement: Partially Finished, Storage Space
  • Bathrooms Total: 5
  • Appliances: Water Heater(From Furnace,See Remarks,Gas), Water Heater
  • # Heat Systems: 3
  • Rooms Total: 14.0
  • Basement YN: No
Exterior Features
  • Service: Garbage-Extra Charge
  • Exterior Features: Patio, Porch(es) - Enclosed, Porch
  • Patio And Porch Features: Patio, Enclosed, Porch
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease Term: Unit 1(Month-Month), Unit 2(Month-Month)

Property History for 361 Prospect Street

DateEvent & SourcePriceAppreciation
Mar 26, 2026

Listed (Active)

CJMLS #2612858R

$1,075,000
Sep 10, 2009

Sold

GSMLS #2678629

$225,000
Sep 2, 2009

Sold (Public Record)

Public Record #595490940

$225,000

-7.8% / yr

DateEvent & SourcePrice
03/26/2026

Listed (Active)

CJMLS #2612858R

$1,075,000
09/10/2009

Sold

GSMLS #2678629

$225,000
09/02/2009

Sold (Public Record)

Public Record #595490940

$225,000

-7.8% / yr

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 361 Prospect Street

Taxable ValueLand$99,000Additions$214,800Total$313,800
Tax Record2024$8,396 ($700 / month)
Home Facts
Beds0Total Finished SqFt2,868 SqFtAbove Grade Finished SqFt2,868 SqFtStories2Lot Size5,250 SqFtStyleSingle Family ResidenceYear Built1903ZoningR-25CountyMIDDLESEXAPN16 00159-0000-00004

Schools near 361 Prospect Street

This home is within Perth Amboy Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 3
Rating
School
Distance
Mc Ginnis Middle School
Public6 to 8

Perth Amboy High School
Public9 to 12

Rose M. Lopez Elementary School
PublicK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Similar Homes

361 Prospect Street is a multi-family home for sale in Perth Amboy, NJ 08861. This property was listed for sale on March 27, 2026 by EXP REALTY, LLC, it's currently listed at $1,075,000. It has been on the market for a total of 47 days and was last sold on September 10, 2009. This listing's school district is Perth Amboy Public School District. Nearby schools include Dr. Herbert N Richardson 21st Century Elementary School, Mc Ginnis Middle School and Perth Amboy High School. 361 Prospect Street is a 0-bed, 5-bath, 2,868 sqft multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, PETER BOUTROS

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 05/14/2026 10:40 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 05/14/2026 10:40 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.