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$795,000 Just Listed

  • For Sale
  • Active
  • Retail
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Exceptional mixed-use investment opportunity in the heart of Rahway! This fully renovated three-story building, updated in 2012, is ideally situated directly across from the Union County Performing Arts Center, offering outstanding visibility and a prime downtown location.The property features approximately 950 square feet of ground-floor retail space along with two residential apartments has amazing earning potential. The residential units include a spacious 4-bedroom, 2-bath apartment and a 3-bedroom, 1-bath apartment.Extensive renovations over the years include a brand-new stucco fa ade, partially replaced windows, updated kitchens and bathrooms, bamboo and ceramic tile flooring throughout, new furnaces and water heaters, updated plumbing and electrical systems, plus new sheetrock, doors, and trim. This well-maintained, turnkey property is an ideal addition to any investment portfolio, offering immediate cash flow potential.

Full Property Details for 1582 Irving St

General

  • Price: $795,000
  • Taxes: $12,433 (2025)
  • Status: Active
  • Type: Retail
  • Source: Garden_State
  • MLS ID: 4040258
  • Updated: 7/13/2026
  • Added to Site: 1 day(s) ago

Business

  • Includes: Building & Land

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Restrooms: 4

Additional Information

  • Equipment: Restrooms - Private

Parking

  • Parking: None, On-Street Parking

Location

  • County: Union
  • Driving Directions: St Georges Ave to West Grand Ave to Irving St (across from Union County Performing Arts Center)
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 1 Unit, Baseboard - Hotwater, Multi-Zone
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Construction: Wood
  • Exterior Const.: See Remarks, Vinyl Siding
  • Roof: Rubberized
  • Ceiling Height: 13
  • Stories in Building: 3
  • Square Feet: 2,650
  • Aprox. Leasable: 2,650 Sq. Ft.
  • Office: 950 Sq. Ft.
  • Year Built: 1930
  • Remodeled/Updated: 2012

Unit Information

  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 3

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size: 24X97
  • Zoning: S01-COMM

Financial Considerations

  • Operating Expenses: $13,000
  • Assessment Amount: $160,000
  • Land Assmt: $27,500
  • Tax Amount: $12,433
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: No Documents Available
  • APN: 2913-00153-0000-00004-0000-
  • Block: 153
  • Lot Number: 4

Listed by Keller Williams Realty

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Listing agent

— 1582 Irving St —

  • Keller Williams Realty

908-320-8098

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 1582 Irving St

School District:Rahway City School District
NameGradesDistance
Franklin Elementary School, Rahway, NJ
1809 Saint Georges Avenue, Rahway, NJ 07065
PK-60.6 mi
Rahway Middle School
1157 Kline Place, Rahway, NJ 07065
7-81 mi
Rahway High School
1012 Madison Avenue, Rahway, NJ 07065
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1582 Irving St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/13/2026
Listed
$795,000
157.7%
MLS
6/05/2015
Sold
$308,500
—
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 1582 Irving St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,434
6%
$160,000
—
2023
$11,730
3%
$160,000
—
2022
$11,442
1%
$160,000
—
2022
$11,343
—
$160,000
—
2021
$11,328
6%
$160,000
—
2018
$10,709
-1%
$160,000
—
2017
$10,827
2%
$160,000
—
2016
$10,600
-7%
$160,000
—
2019
$11,365
40%
$160,000
25%
2015
$8,105
4%
$128,300
—
2013
$7,758
—
$128,300
—
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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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Realty

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1582 Irving St, Rahway, NJ 07065 (MLS# 4040258) is a Retail property. 1582 Irving St is currently listed for $795,000 and was received on July 13, 2026. Want to learn more about 1582 Irving St? Do you have questions about finding other Retail real estate for sale in Rahway? You can browse all Rahway real estate or contact a Coldwell Banker agent to request more information.

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