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$2,300,000 Just Listed

  • For Sale
  • Active
  • Apartment
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Located directly across from Plainfield Station, this 10-unit mixed-use investment property offers strong in-place cash flow and long-term upside in one of Plainfield?s key transit-oriented redevelopment areas. The property consists of 7 large 3-bedroom, 1-bath apartments and 3 commercial units, providing diversified income and strong rental appeal. With excellent visibility, immediate NJ Transit access and ongoing public and private investment throughout the downtown North Avenue corridor, this property presents a compelling opportunity for investors seeking both current income and future growth.

Full Property Details for 197 North Ave

General

  • Price: $2,300,000
  • Taxes: $21,383 (2025)
  • Status: Active
  • Type: Apartment
  • Source: Garden_State
  • MLS ID: 4057856
  • Updated: 10/8/2026
  • Added to Site: 2 day(s) ago

Business

  • Includes: Building Only

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Restrooms: 10

Additional Information

  • Equipment: Fire Alarm

Parking

  • Parking: None, On-Street Parking

Location

  • County: Union
  • Driving Directions: Watchung to North Ave
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: No Cool
  • Heating Type: 4+ Units, See Remarks
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas, See Remarks

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Finished-Partially, Unfinished
  • Roof: Flat, Rubberized
  • Stories in Building: 4
  • Square Feet: 9,120
  • Year Built: 1894

Unit Information

  • 2 Bedroom Units: 1
  • 3 Bedroom Units: 6
  • Units w/Full Bath: 7

Lot Features

  • Lot Size: 57X80 IRR
  • Zoning: commerical

Financial Considerations

  • Operating Expenses: $72,807
  • Assessment Amount: $504,400
  • Land Assmt: $38,300
  • Tax Amount: $21,383
  • Tax Year: 2025
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Gas, Heat

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses
  • APN: 2912-00313-0000-00009-0000-
  • Block: 313
  • Lot Number: 9

Listed by Re/Max Central

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Listing agent

— 197 North Ave —

  • Re/Max Central

732-972-1000

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

Price & Sales History for 197 North Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2026
Listed
$2,300,000
87.76%
MLS
6/03/2019
Sold
$1,225,000
—
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 197 North Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,383
—
$504,400
121%
2025
$21,383
5%
$228,600
—
2023
$20,307
2%
$228,600
—
2022
$19,900
1%
$228,600
—
2022
$19,762
2%
$228,600
—
2021
$19,398
-1%
$228,600
—
2019
$19,566
5%
$228,600
—
2018
$18,713
—
$228,600
—
2017
$18,695
2%
$228,600
—
2016
$18,274
5%
$228,600
—
2015
$17,355
5%
$228,600
—
2013
$16,491
—
$228,600
—
View All
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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NMLS#: 1598647

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Listed by Re/Max Central

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197 North Ave, Plainfield, NJ 07060 (MLS# 4057856) is a Apartment property. 197 North Ave is currently listed for $2,300,000 and was received on October 08, 2026. Want to learn more about 197 North Ave? Do you have questions about finding other Apartment real estate for sale in Plainfield? You can browse all Plainfield real estate or contact a Coldwell Banker agent to request more information.

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