Date
Details
Price
Change
Source
8/04/2025
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$925,000
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Property Description
Prime Investment Opportunity - Legal 4 Family + Commercial Property (54 2nd St) in Raritan. An excellent income-producing opportunity for savvy investors! This package includes a fully rented legal 4-family property and a neighboring commercial building . Four units total: Unit #1: 1BR/1BA (new kitchen, freshly painted " rented $1,350) Unit #2: 1BR/1BA (renovated kitchen " rented $1,350) Unit #3: 2BR/1BA (new kitchen, new paint " rented $2000, Unit #4: 2BR/1BA -rented $1600 Separate gas, electric & water meters (4 of each) " tenants pay all utilities Full basement, 4 gas furnaces, 4 hot water heaters, Shared driveway, no dedicated parking, street parking available Roof approx. 15"20 years old 2025 Property Tax: $10,570.95 ( 54 2nd st tax 5,484 ) Total monthly rent: $6300
Full Property Details
Full Property Details for 48 1st Ave
General
- Price: $925,000
- Taxes: $10,376 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3979325
- Updated: 11/17/2025
- Added to Site: 166 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Parking
- Garage Description: On-Street Parking
Location
- County: Somerset
- Driving Directions: Route 202 to First Ave.
Heating & Cooling
- Cooling Type: 4+ Units, Window A/C(s)
- Heating Type: 4+ Units, Multi-Zone
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Cable TV
Structural Information
- Architectural Style: Fourplex
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Year Built: 1940
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 800
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 900
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 900
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Square Feet: 900
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 45 x 62
- Driveway/Sidewalk: On-Street Parking
- Lot Description: Corner
Financial Considerations
- Expenses: Insurance, Maintenance, Taxes
- Assessment Amount: $201,500
- Land Assmt: $146,000
- Tax Amount: $10,376
- Tax Year: 2024
Disclosures and Reports
- Disclosures: Yes
- Block: 82
- Lot Number: 26
Listed by Prominent Properties Sir
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Listing agent
— 48 1st Ave —
Prominent Properties Sir
201-286-2927
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Schools
Schools serving 48 1st Ave
School District:Bridgewater-Raritan Regional School District
| Name | Grades | Distance |
|---|---|---|
John F. Kennedy Elementary School, Raritan, NJ 255 Woodmere Street, Raritan, NJ 08869 | K-4 | 0.6 mi |
Eisenhower Elementary School 791 Eisenhower Avenue, Bridgewater, NJ 08807 | 5-6 | 3.3 mi |
Brdgwtr Raritn Middle School 128 Merriwood Road, Bridgewater, NJ 08807 | 7-8 | 2.8 mi |
Bridgewater Raritan High School 600 Garretson Road, Bridgewater, NJ 08807 | 9-12 | 1.6 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 48 1st Ave
Tax History
Tax History for 48 1st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,376
8%
$347,500
—
2022
$9,612
—
$347,500
—
2022
$9,609
6%
$347,500
—
2021
$9,035
2%
$347,500
—
2019
$8,861
4%
$347,500
—
2018
$8,517
3%
$347,500
—
2017
$8,291
22%
$347,500
19%
2016
$6,816
4%
$291,300
—
2015
$6,528
2%
$291,300
—
2013
$6,398
—
$291,300
—
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 48 1st Ave
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- Townhouse
- Active
- Updated 5 days ago
- 2Beds
- 3Total Baths
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- Lots/Land
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Listed by Coldwell Banker Realty
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- Single Family
- Closed
- Updated 4 days ago
- 4Beds
Listed by Re/Max Instyle
48 1st Avenue, Raritan, NJ 08869 (MLS# 3979325) is a Multi-Family property with 4 units containing 6 bedrooms and 4 full bathrooms. 48 1st Avenue is currently listed for $925,000 and was received on August 04, 2025. Want to learn more about 48 1st Avenue? Do you have questions about finding other Multi-Family real estate for sale in Raritan? You can browse all Raritan real estate or contact a Coldwell Banker agent to request more information.