Sold
Last Sold Price
6 beds
48 1st Ave, Raritan, NJ 08869
FourplexProperty Type

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 Agent Remarks: Please call maggie at 201-286-2927 to make an appointment.
  • Listed by: Maggie Huang Raffaele • Prominent Properties Sotheby's International Realty-Englewood Cliffs 201-286-2927
  • Listed by: Jia Yan • Prominent Properties Sotheby's International Realty-Englewood Cliffs
Listing closed: 03/24/2026 12:00 AM • Source: NJMLS, MLS#: 25026894

Location

Listing Courtesy of Prominent Properties Sotheby's International Realty-Englewood Cliffs, Maggie Huang Raffaele; Prominent Properties Sotheby's International Realty-Englewood Cliffs, Jia Yan

Sold By Keller Williams Towne Square Realty, Donna Haigh

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$5,661 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,780

Property Taxes

$881

HOA Dues

$0

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Property Information for 48 1st Avenue

Property Details
  • Taxes: $10,570 / year
  • MLS Type: Multi Family
  • Style: 4 Family
Summary
Location and General Information
  • Area name: Raritan
  • Flood plain: None
  • Street Name: 1st
  • County Name: SOMERSET
  • Status: Closed
  • Street Number Numeric: 48
  • Zip Code: 08869
Taxes and HOA Information
  • Other Charges: True
  • Tax: $10,570
Property
Lot Information
  • Year Built: 1940's
  • Average Acres: 0.06
Property and Assessments
  • Photo Number: 10
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Interior Features
  • Bedrooms: 6
  • Baths full: 4
  • Baths partial: 0
  • Number of rooms: 14
  • Full Baths Total: 4
  • Num of Baths: 4.0
Exterior Features
  • Exterior: Aluminum Siding
Agent
Sale and Listing Information
  • Management Phone: 201-286-2927
  • Search Class: 2to4, 2-4 Family
  • List Price: $925,000.00
  • Listing Date: 08-04-2025
  • Expired Date: 08-08-2026
  • Pending Date: 01-20-2026
  • Close Date: 03-18-2026
  • Status Date: 03-17-2026
  • Sale Price: $925,000
Showing Information
  • Internet Remarks: 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 Agent Remarks: Please call maggie at 201-286-2927 to make an appointment.

Property History for 48 1st Avenue

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Sold

GSMLS #3979325

$925,000
Mar 17, 2026

Sold

NJMLS #25026894

$925,000
Mar 17, 2026

Sold (Public Record)

Public Record #1933543202

$725,000
DateEvent & SourcePrice
03/24/2026

Sold

GSMLS #3979325

$925,000
03/17/2026

Sold

NJMLS #25026894

$925,000
03/17/2026

Sold (Public Record)

Public Record #1933543202

$725,000

For completeness, we 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 Record2025$10,571 ($881 / month)
Home Facts
Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtStories2Lot Size2,788 SqFtStyleMulti-Family Res (5+ Units)Year Built1930Year Renovated1930CountySOMERSETAPN16-00082-0000-00026

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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prominent Properties Sotheby's International Realty-Englewood Cliffs, Maggie Huang Raffaele; Prominent Properties Sotheby's International Realty-Englewood Cliffs, Jia Yan

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: 09/18/2026 10:57 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: 09/18/2026 10:57 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.