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    1020 Raritan Ave Highland Park, NJ 08904

    Pending
    For Sale
    $1,100,000

    Fourplex, Multi-Family - Highland Park Boro, NJ

    Property size:
    4,914 SF
    Lot size:
    0.12 Acres
    Days on Market:
    82
    Last Refresh:
    Dec 12 at 3:06 pm

    Property Features for 1020 Raritan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    C
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room, Master Bedroom
    Bedrooms
    6
    Bathrooms
    5
    Parking
    2
    Patio and Porch features
    Patio, Porch
    Interior features
    Blinds, Carbon Monoxide Detector, Smoke Detector, Tile Floors, Walk-In Closet, Wood Floors
    Exterior features
    Curbs, Open Porch(es), Patio, Sidewalk
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    4,914 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Hot Water (Heating), Other (Heating)

    Building Details

    Year built
    1955
    Number of units
    4
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Innovation (732) 259-3522 [email protected]

    Listing agent SUSAN MARCRIE (732) 298-6006

    Listing date Sep 22, 2025

    MLS# 3966880 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Multifamily Property

    This income-producing multifamily property is located in a vibrant town near major transportation hubs, including New Brunswick and Edison Train Stations, Rutgers University, and Robert Wood Johnson Medical Center. The well-maintained, all-brick building offers earning potential and long-term value. The property features one spacious 3-bedroom unit with private basement access and three 1-bedroom/1-bathroom units. A versatile bonus space is ideal for a live-in super or owner's suite. All units are in excellent condition, with strong rental appeal and stable occupancy. The property also offers a 2-car garage and a 2-car concrete driveway. The roof was replaced in 2020. Additional updates include a new hot water heater, updated electric panel, hardwood flooring, and LVT plank flooring. The owner/super unit has new LVT flooring and fresh paint with two entrances. With a lot size of 0.12 acres and a property size of 4914 square feet, this turnkey multi-family property offers immediate cash flow and future appreciation in a sought-after location. The property's zoning is 'C'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.41912
    Latitude
    40.50338

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained fourplex in a vibrant location with strong rental appeal.
    Where is this apartment building located?
    The property is located at 1020 Raritan Ave Highland Park, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Income-producing property near major transportation, Rutgers University, and Robert Wood Johnson Medical Center.; - Well-maintained all-brick building with strong rental appeal.; - Features a spacious 3-bedroom unit with private basement access.
    (732) 298-6006
    Request Owner's contact information
    1020 Raritan Ave Highland Park, NJ 08904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 Raritan Ave Highland Park, NJ 08904
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