48 1st Ave

$925,000
Price
6
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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
  1. Listed by MAGGIE RAFFAELE • PROMINENT PROPERTIES SIR

Property Details for 48 1st Avenue

Directions
Route 202 to First Ave.
Days On Market
105
LISTING UPDATED: 11/17/2025 11:32 AM

Property Details for 48 1st Avenue

StatusActive
MLS #3979325
Days on Market143
Taxes$10,376 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeFourplex
MLS TypeMulti Family / Fourplex
Year Built1940
Lot Size0.06 AC / 2,613 SF
CountySomerset County

Location

Listing Courtesy of PROMINENT PROPERTIES SIR, MAGGIE RAFFAELE
Add your commute

Building Information for 48 1st Avenue

Stories-Residences4Year Built1940Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$5,435 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,571

Property Taxes

$865

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 48 1st Avenue

Summary
Location and General Information
  • Address Included: Y
  • Active Days on Market: 105
  • County #: Somerset
  • Town Name: Raritan Boro
  • Block Identifier: 82
  • Listing Type: Exclusive Right to Sell
  • Town #: 2716.0
  • Street # Display: 48.0
  • # Parking Spaces: 0
  • County Or Parish: Somerset
  • Street Name: 1st Avenue
  • Zip Code: 08869-1721
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $10,376
  • Zip Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 347500.0
  • Tax ID For Property: 2716-00082-0000-00026-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • Garage Description: On-Street Parking
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 26
  • Approximate Lot Size: 45X62
  • Total Acres: 0.06
  • Construction Date/Year Built: 1940
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 201500.0
  • Assessment Land: 146000.0
Utilities
  • Cooling: 4 Units, Window A/C(s)
  • Services: Cable TV
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: 4 Units, Multi-Zone
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CookGas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 1 Rent: 1350.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 1800.0
  • Unit 1 Sq Ft: 800.0
Unit 2 Information
  • Unit 2 Appl/Equip: CookGas
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 2 Rent: 1350.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 1300.0
  • Unit 2 Sq Ft: 900.0
Unit 3 Information
  • Unit 3 Appl/Equip: CookGas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 3 Rent: 2000.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 3000.0
  • Unit 3 Sq Ft: 900.0
Unit 4 Information
  • Unit 4 Appl/Equip: CookGas
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 2.0
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 4 Rent: 1600.0
  • Unit 4 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 900.0
Multi-Family Information
  • Unit Style: Fourplex
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Insurance, Maintenance, Taxes
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 48 1st Avenue

DateEvent & SourcePriceAppreciation
Aug 4, 2025

Listed (Active)

GSMLS #3979325

$925,000
Aug 3, 2025

Listed (Active)

NJMLS #25026894

$925,000
DateEvent & SourcePrice
08/04/2025

Listed (Active)

GSMLS #3979325

$925,000
08/03/2025

Listed (Active)

NJMLS #25026894

$925,000

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

Public Records for 48 1st Avenue

Taxable ValueLand$146,000Additions$201,500Total$347,500
Tax Record2024$10,376 ($865 / month)
Home Facts
Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtStories2Lot Size2,790 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountySOMERSETAPN16 00082-0000-00026

Schools near 48 1st Avenue

This home is within Bridgewater-Raritan Regional School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
John F. Kennedy Elementary School
PublicK to 4

Eisenhower Elementary School
Public5 to 6

Bridgewater-Raritan Middle School
Public7 to 8

Bridgewater Raritan High School
Public9 to 12

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.

Neighborhood Map and Transit

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48 1st Avenue is for sale in Raritan, NJ 08869. This property was listed for sale on August 4, 2025 by PROMINENT PROPERTIES SIR, it's currently listed at $925,000. This listing's school district is Bridgewater-Raritan Regional School District. Nearby schools include John F. Kennedy Elementary School, Eisenhower Elementary School and Bridgewater-Raritan Middle School. 48 1st Avenue is a 6-bed, 4-bath, built in 1940.

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 PROMINENT PROPERTIES SIR, MAGGIE RAFFAELE

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: 12/25/2025 03:48 PM. Source: New Jersey Multiple Listing Service, Inc. © 2025 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: 12/25/2025 03:48 PM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.