Sold
Last Sold Price
4 beds
81 1st Ave, Raritan, NJ 08869
Multi FamilyProperty Type
0.15 acresLot Size
1890Year Built
5 carsParking Spaces

Description

Excellent Opportunity to live in the 1st floor unit and collect rent from the tenants upstairs! This two family is in a great location a few blocks from the train station, major highways, main street and large scale shopping centers! The vacant first floor unit is ready for you or a new tenant to move in with its new flooring, freshly painted and some updated electrical work. The floorplan has a nice flow to it with a large eat-in kitchen, nice family room and dining area plus two bedrooms. The first...Excellent Opportunity to live in the 1st floor unit and collect rent from the tenants upstairs! This two family is in a great location a few blocks from the train station, major highways, main street and large scale shopping centers! The vacant first floor unit is ready for you or a new tenant to move in with its new flooring, freshly painted and some updated electrical work. The floorplan has a nice flow to it with a large eat-in kitchen, nice family room and dining area plus two bedrooms. The first floor has access to basement with washer & dryer. Half the basement is used by the 2nd floor unit. The rear parking can fit 5 vehicles. The second floor has been renovated over the years and also features 2 bedrooms, large eat-in kitchen and a 3rd floor with more living space. Great location, good condition and a great investment opportunity, a must see!
  • Listed by: ALEXANDER PETRONE • KELLER WILLIAMS TOWNE SQUARE REAL
Listing closed: 05/17/2024 12:00 AM • Source: GSMLS Back Office, MLS#: 3896416

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Location

Listing Courtesy of KELLER WILLIAMS TOWNE SQUARE REAL, ALEXANDER PETRONE
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$3,687 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,000

Property Taxes

$687

HOA Dues

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Property Information for 81 1st Avenue

Property Details
  • Taxes: $8,239 / year
  • MLS Type: Multi Family
  • Directions: Route 202/206 to 1st Ave
  • Days On Market: 9
Building Information
  • Residences: 2
  • Year Built: 1890
  • Lot Size: 0.15 AC / 6,534 SF
Summary
Location and General Information
  • Middle/Jr High School: BRIDG-RAR
  • Grade School: BRIDG-RAR
  • High School: BRIDG-RAR
  • Active Days on Market: 9
  • County #: Somerset
  • Town Name: Raritan Boro
  • Block Identifier: 38
  • Listing Type: Exclusive Right to Sell
  • Town #: 2716.0
  • Street # Display: 81.0
  • # Parking Spaces: 5
  • County Or Parish: Somerset
  • Street Name: 1ST Ave
  • Zip Code: 08869-1549
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,239
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 289400.0
  • Tax ID For Property: 2716-00038-0000-00008-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Blacktop, Off-Street Parking
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 8
  • Approximate Lot Size: 45X144
  • Total Acres: 0.15
  • Construction Date/Year Built: 1890
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 148100.0
  • Assessment Land: 141300.0
  • Farm Assessment: No
Utilities
  • Cooling: Wall A/C Unit(s)
  • Services: Cable TV Available, Fiber Optic, Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Radiators - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Storage Shed
Interior Features
  • Interior Features: Carpeting, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Ceiling Fan(s), Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • 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 Heat, Tenant Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 12-31-2024
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 2250.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 3300.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 81 1st Avenue

DateEvent & SourcePriceAppreciation
May 17, 2024

Sold

GSMLS #3896416

$562,000—
May 13, 2024

Under Contract

GSMLS #3896416

—
May 8, 2024

Sold (Public Record)

Public Record #1532533263

$562,000

+17.3% / yr

DateEvent & SourcePrice
05/17/2024

Sold

GSMLS #3896416

$562,000
05/13/2024

Under Contract

GSMLS #3896416

—
05/08/2024

Sold (Public Record)

Public Record #1532533263

$562,000

+17.3% / yr

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

Public Records for 81 1st Avenue

Taxable ValueLand$141,300Additions$148,100Total$289,400
Tax Record2025$8,804 ($734 / month)
Home Facts
Beds0Total Finished SqFt1,956 SqFtAbove Grade Finished SqFt1,956 SqFtStories2Lot Size6,482 SqFtStyleSingle Family ResidenceYear Built1890Year Renovated1890CountySOMERSETAPN16-00038-0000-00008

Schools near 81 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 81 1st Avenue, Raritan, NJ 08869
$562,000
4
–
6,534
$262,500
4
–
–
$211,000
2
–
5,662
$185,000
3
–
4,356
–
–
–
2,528
7,200
$350,000
–
–
996
4,321

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 KELLER WILLIAMS TOWNE SQUARE REAL, ALEXANDER PETRONE

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: 10/02/2026 10:17 PM. 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: 10/02/2026 10:17 PM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.