84-86 Washington Avenue, Carteret, NJ 07008 - Photo 1

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$900,000

For Sale
Active
Multi-Family

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Property Description

84-86 Washington Ave, Carteret, NJ Fully Occupied Mixed-Use Property Don't miss this turnkey investment opportunity in Carteret! This mixed-use property is fully rented, giving you steady income from day one. Up front, there are two commercial units, both leased to long-term tenants. Behind them, you'll find a two-family residential building with two updated 1-bedroom, 1-bath apartments. Each apartment features hardwood floors, stainless-steel appliances, and private fenced backyards. The upstairs unit also has a spacious attic for storage. The property includes driveway parking, two full basements, and central A/C in the commercial spaces. Located just minutes from the NJ Turnpike, Route 1, shopping, schools, and public transportation, this property offers both convenience and strong rental demand. A rare chance to own a fully occupied, income-producing property with multiple revenue streams and long-term growth potential.

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Full Property Details

Full Property Details for 84-86 Washington Ave

General

Price: $900,000
Taxes: $14,000
Status: Active
Type: Multi-Family
Source: Middlesex
MLS ID: 2511357R
Updated: 12/23/2025
Added to Site: 291 day(s) ago

Rental Information

Lease/Rent Term: Unit 1(No Lease)

Interior

Interior Features: Unit 1(1 Bedroom, 1 Bath), Unit 2(1 Bedroom, Dining Room, Kitchen, 1 Bath, See Remarks), Unit 3(1 Bath, See Remarks), Unit 4(1 Bath, See Remarks)
Appliances: Water Heater(Electric, Gas), Water Heater

Rooms

Bathrooms

Total Bathrooms: 2

Exterior

Exterior Features: Sidewalk, Yard

Parking

Parking Features: 3-4 Car Parking
Parking: 3-4 Car Parking

Location

County: Middlesex

Community

Gated: Sidewalks

Heating & Cooling

Cooling Type: A/C Central - All, A/C Window Unit(s), See Remarks, Unit 3(A/C Central), Unit 4(A/C Central)
Heating Type: Electric

Utilities

Gas: Natural Gas
Sewer: Public Sewer
Water: Public
Utility Description: Electricity Connected, Natural Gas Connected

Structural Information

Basement Desc.: Full, Exterior Entry, Tenant Use, Interior Entry, Laundry Facilities
Stories/Levels: 2
Year Built: 1935

Lot Features

Lot Dimensions: 0.00 x 0.00
Lot Features: See Remarks
Lot Description: See Remarks

Financial Considerations

Tax Amount: $14,000
Terms: Unit 1(No Lease)

Disclosures and Reports

Property ID: 106402000000011

Listed by Exp Realty, Llc

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Schools

Schools serving 84-86 Washington Ave

School District:Newark City School District

Name	Grades	Distance
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105	K-8	10.5 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	10.6 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	10.7 mi
Quitman Street School 21 Quitman Street, Newark, NJ 07103	K-8	10.8 mi
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103	PK-4	10.9 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	11 mi
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	11 mi
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	11 mi
Hawkins Street Elementary School 8 Hawkins Street, Newark, NJ 07105	PK-8	11.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 84-86 Washington Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/07/2025

Price Reduced

$900,000

-5.26%

MLS

4/16/2025

Price Reduced

$950,000

-13.64%

MLS

4/02/2025

Listed

$1,100,000

340%

MLS

8/08/2012

Sold

$250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 84-86 Washington Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$14,281

$943,600

124%

2022

$13,474

33%

$420,400

—

2022

$10,144

-24%

$420,400

—

2021

$13,318

35%

$420,400

—

2021

$9,865

-21%

$420,400

—

2019

$12,435

$420,400

—

2018

$12,137

$420,400

—

2017

$11,670

$420,400

25%

2016

$11,579

$336,900

—

2015

$11,168

$336,900

—

2013

$10,484

—

$336,900

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 84-86 Washington Ave

84-86 Washington Avenue, Carteret, NJ 07008 (MLS# 2511357R) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 84-86 Washington Avenue is currently listed for $900,000 and was received on April 02, 2025. Want to learn more about 84-86 Washington Avenue? Do you have questions about finding other Multi-Family real estate for sale in Carteret? You can browse all Carteret real estate or contact a Coldwell Banker agent to request more information.

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84-86 Washington Ave Carteret, NJ 07008