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    Fully Leased Apartment Building
    Updated: Feb 25
    Fully Leased Apartment Building

    388-398 Union Street |, Rahway, NJ 07065

    $2,800,000
    9,478 sqft 0.32 AC lot
    Fully leased, ±9,478 SF apartment building provides immediate income.
    Renovated units with new bathrooms, kitchens, and granite countertops offer premium appeal.
    Each unit has a front entrance and rear terrace.
    Tenants pay all utilities except water.
    Onsite laundry facility and individual storage spaces add convenience.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    388-398 Union Street | Rahway, NJ 07065

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    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $146K
      Annual

    • Price @ 7% Cap

      $2.08M
      Suggested
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Rahway, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    558 S Broad St, Elizabeth, NJ 07202

    $1,080,000
    0.16 AC lot

    Five residences on a 71-by-100 lot with two driveways, parking, a garage with loft, and a finished basement.

    View details
    Elmora Multifamily Investment Opportunity
    Elmora Multifamily Investment Opportunity

    651 Westfield Avenue, Elizabeth, NJ 07208

    $1,500,000
    6,042 sqft

    Seven-unit apartment building in Elmora, fully occupied with parking.

    View details
    Roselle Apartment Building For Sale
    Roselle Apartment Building For Sale

    533 East 2nd Avenue, Roselle, NJ 07203

    Contact for pricing

    35-unit apartment building in Roselle, NJ with tax PILOT.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    Port Reading, NJ 07064

    Contact for pricing

    For sale multifamily property with six units in a residential income building.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Rahway, NJ

    Consider similar Off-Market properties in Rahway, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    39 Main St, Unit 45
    APARTMENT HOUSE (UNDER 5 UNITS)

    39 Main St, Rahway, NJ 07065-4039

    Unit 45
    $810,000
    Estimated value
    4,620 sqft 0.14 AC lot
    View details

    Rahway, NJ Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Rahway, NJ on our real estate platform. These investment opportunities span a total of 9,478 square feet of properties for sale, with an estimated market value of $2,800,000.

    Sale prices for two-family homes in Rahway, NJ start at $2,800,000, averaging $2,800,000, and reaching up to $2,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 30K
    Population Growth (5Y) +1.3%
    Median Household Income $90,852
    College Educated 48.9%

    High-Yield Neighborhoods for Investment

    Identify Rahway submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07065 $2.8M

    Taxes & Financing

    Tax Rate (average for all types) 7.07%
    Property Tax per SF $40.55 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

    Total CRE Inventory on Market (SF)

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