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$983,650
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Property Description
Fantastic income-producing property located in a vibrant, sidewalk town near major transportation hubs (New Brunswick and Edison Train Stations), Rutgers University, Robert Wood Johnson Medical Center. This well-maintained all-brick building offers outstanding earning potential and long-term value. The property features one spacious 3-bedroom unit with private basement access, three well-appointed 1-bedroom/1-bathroom units, and a versatile bonus space ideal for a live-in super or owner's suite. All units are in excellent condition, with strong rental appeal and stable occupancy. The roof has been replaced in 2020, new hot water heater, updated electric panel, hardwood flooring and LVT plank flooring. Owner/super unit has new LVT flooring and freshly painted with two entrances. Property also offers a 2 car garage and 2 car concrete driveway. Whether you're expanding your portfolio or seeking a smart first investment, this turnkey multi-family offers both immediate cash flow and future appreciation in a sought-after location.
Full Property Details
Full Property Details for 1020 Raritan Ave
General
- Sold For: $983,650
- Taxes: $18,426 (2024)
- Status: Closed
- Type: Multi-Family
- Source: Middlesex
- MLS ID: 2514435R
- Added to Site: 237 day(s) ago
Rental Information
- Lease/Rent Term: Unit 1(Month-Month), Unit 2(Month-Month), Unit 4(Month-Month)
Interior
- Interior Features: Unit 1(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 4(1 Bedroom, Kitchen, 1 Bath, Living Room)
- Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven)
- Flooring: Unit 2 Carpet, Unit 3 Carpet
Rooms
Bathrooms
- Total Bathrooms: 5
Other Rooms
- Living Room: 4,914 Sq. Ft.
Exterior
- Exterior Features: Patio, Curbs, Porch(es) - Open, Sidewalk, Yard, Semi-Private Entry
- Deck/Patio: Patio, Porch(es) - Open
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage, Attached, Detached, 3-4 Car Parking
- Parking: Garage, Attached, Detached, 3-4 Car Parking
Location
- County: Middlesex
Community
- Gated: Curbs, Sidewalks
Heating & Cooling
- Cooling Type: A/C Central - All, Ceiling Fan(s), A/C Wall Unit(s), A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit), Unit 4(A/C Unit)
- Heating Type: Steam Radiators
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer, Sewer Charge
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Basement Desc.: Partial, Interior Entry
- Roof: Flat
- Stories/Levels: 3
- Square Feet: 4,914
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.124
- Lot Size (Sq. Ft.): 5,401
- Lot Dimensions: 90.00 x 0.00
- Lot Features: Near Shopping, Near Train, Corner Lot, Near Public Transit
- Lot Description: Near Shopping, Near Train, Corner Lot, Near Public Transit
Financial Considerations
- Tax Amount: $18,426
- Tax Year: 2024
- Terms: Unit 1(Month-Month), Unit 2(Month-Month), Unit 4(Month-Month)
Disclosures and Reports
- Property ID: 703801000000005
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Schools
Schools serving 1020 Raritan Ave
School District:Highland Park Borough School District
| Name | Grades | Distance |
|---|---|---|
Irving Primary School 121 South 11th Avenue, Highland Park, NJ 08904 | PK-1 | 0.1 mi |
Bartle School 435 Mansfield Street, Highland Park, NJ 08904 | 2-5 | 0.5 mi |
Highland Park Middle School 330 Wayne Street, Highland Park, NJ 08904 | 6-8 | 0.4 mi |
Highland Park High School 102 North 5th Avenue, Highland Park, NJ 08904 | 9-12 | 0.4 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 1020 Raritan Ave
Date
Details
Price
Change
Source
12/22/2025
Sold
$983,650
-10.58%
MLS
5/30/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1020 Raritan Avenue, Highland Park, NJ 08904 (MLS# 2514435R) is a Multi-Family property that was sold at $983,650 on December 22, 2025. Want to learn more about 1020 Raritan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Highland Park? You can browse all Highland Park real estate or contact a Coldwell Banker agent to request more information.

