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$2,400,000

  • For Sale
  • Active
  • Multi-Family
  • 26 Total Beds
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An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity. Also see Commercial MLS# 3932187

Full Property Details for 31-53 Arch St

General

  • Price: $2,400,000
  • Taxes: $45,731 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3932192
  • Updated: 11/12/2024
  • Added to Site: 39 day(s) ago

Interior

  • Number of Rooms: 50
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors

Rooms

Bathrooms

  • Total Bathrooms: 12
  • Full Bathrooms: 12

Bedrooms

  • Total Bedrooms: 26

Exterior

  • Exterior Features: Deck, Open Porch(es), Patio, Storage Shed
  • Color: Beige

Location

  • County: Hunterdon
  • Driving Directions: Rt 78 to Clinton, Rt. 31 N to R on Rt 513, R on Arch St, Bear L to property on R just past the tunnel bridge.

School Information

  • Elementary School: HIGHBRIDGE
  • Middle School: HIGHBRIDGE
  • High School: VOORHEES

Heating & Cooling

  • Cooling Type: 3 Units, Central Air Conditioning, See Remarks, Window A/C(s)
  • Heating Type: 3 Units, Electric Baseboard, Baseboard - Hotwater, See Remarks
  • Heating Fuel: Electric, OilAbOut, See Remarks
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Gas-Propane, Cable TV Available, Garbage Included

Structural Information

  • Architectural Style: 2-Two Story, Fourplex
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Crawl Space, Full, Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 1910

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 2.8
  • Lot Dimensions: 2.80 AC
  • Driveway/Sidewalk: Blacktop, Common, Off-Street Parking, Parking Lot-Shared
  • Zoning: R-3
  • Lot Description: Lake/Water View, Open Lot, Wooded Lot

Financial Considerations

  • Expenses: Garbage Collection, Insurance, Maintenance, Taxes
  • Operating Expenses: $240,000
  • Assessment Amount: $1,100,800
  • Land Assmt: $300,300
  • Tax Amount: $45,731
  • Tax Year: 2024

Disclosures and Reports

  • Disclosures: Yes
  • Block: 31
  • Lot Number: 2.02

Listed by Turpin Real Estate, Inc.

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Listing agent

— 31-53 Arch St —

  • Turpin Real Estate, Inc.

908-319-4144

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 31-53 Arch St

School Districts:North Hunterdon-Voorhees Regional High School District, High Bridge Borough Public Schools
RatingNameGradesDistance
8
High Bridge Middle School
50 Thomas St, High Bridge, NJ 08829
5-80.4 mi
3
High Bridge Elementary School
40 Fairview Ave, High Bridge, NJ 08829
PK-40.7 mi
7
Voorhees High School
256 County Road 513, Glen Gardner, NJ 08826
9-122.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 31-53 Arch St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/31/2024
Listed
$2,400,000
98.35%
MLS
4/27/2017
Sold
$1,210,000
—
Public Record
Get Price Alerts and Save Property
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 for 31-53 Arch St

Year
Property Taxes
Change
Tax Assessment
Change
2022
$46,801
4%
$1,212,200
10%
2021
$45,006
9%
$1,099,900
2%
2020
$41,447
-2%
$1,078,000
1%
2018
$42,202
1%
$1,064,900
5%
2019
$41,760
37%
$1,010,900
27%
2017
$30,589
1%
$793,700
—
2016
$30,232
3%
$793,700
—
2015
$29,415
6%
$793,700
-5%
2013
$27,672
—
$832,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Turpin Real Estate, Inc.

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31-53 Arch St, High Bridge, NJ 08829 (MLS# 3932192) is a Multi-Family property with 4 units containing 26 bedrooms and 12 full bathrooms. 31-53 Arch St is currently listed for $2,400,000 and was received on October 31, 2024. Want to learn more about 31-53 Arch St? Do you have questions about finding other Multi-Family real estate for sale in High Bridge? You can browse all High Bridge real estate or contact a Coldwell Banker agent to request more information.

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