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 Agent Remarks: Please call maggie at 201-286-2927 to make an appointment.
Full Property Details
Full Property Details for 48 1st Ave
General
- Price: $925,000
- Taxes: $10,570
- Status: Under Contract
- Type: Multi-Family
- Source: NJMLS
- MLS ID: 25026894
- Updated: 1/20/2026
- Added to Site: 207 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: See Remarks
Location
- Area: Raritan
- County: SOMERSET
Utilities
- Utility Description: Sep Elec, Sep Gas, Sep Heat, Sep Water
Structural Information
- Architectural Style: 4 Family
Financial Considerations
- For Sale: Yes
- For Sale/Rent/Lease: For Sale
- Tax Amount: $10,570
Listed by Prominent Properties Sotheby's International Realty-Englewood Cliffs (201) 585-8080, Maggie Huang Raffaele (201) 286-2927 and Prominent Properties Sotheby's International Realty-Englewood Cliffs (201) 585-8080, Jia Monaco (201) 238-7987
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 48 1st Ave —
Maggie Huang Raffaele
Prominent Properties Sotheby's International Realty-Englewood Cliffs
201-286-2927
Jia Monaco
Prominent Properties Sotheby's International Realty-Englewood Cliffs
201-238-7987
NMLS#: 1598647Get Pre-Approved Today
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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- Multi-Family
- Active
- Updated 2 days ago
- 5Total Beds
Listed by Luminance Realty
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
Listed by Kevin Yento and Associates (908) 334-4586
- Townhouse
- Active
- Updated 7 hours ago
- 3Beds
- 2Total Baths
Listed by Rewards Realty Llc
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
Listed by Keller Williams Realty
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- Single Family
- Closed
- 5Beds
Listed by Compass New Jersey, Llc
Sold by Cheryl Brunetti
Sold by Cheryl Brunetti
- Single Family
- Closed
- 3Beds
Listed by Kevin Yento and Associates
Sold by Janice Moore
Sold by Janice Moore
48 1st Avenue, Raritan, NJ 08869 (MLS# 25026894) is a Multi-Family property with 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.