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    543-573 West 8Th St, Unit | Plainfield Plainfield, NJ 07060

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    For Sale
    $2,500,000

    Three-building multifamily property in Plainfield's Van Wyck Brooks Historic District.

    Property size:
    11,790 SF

    Property Features for 543-573 West 8Th St

    General Information

    Size
    11,790 SF

    Building Details

    Year built
    1895

    Source: William Sitar Jr. Agent William Sitar Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Plainfield Multifamily Property for Sale

    Located in the Van Wyck Brooks Historic District of Plainfield, this multifamily property is situated on the corner of West 8th Street and Plainfield Avenue, offering convenient access to Routes 28 and 22. The property features three structures, including a 10-unit apartment building measuring approximately 11,790 square feet. The apartment building is a 3-story structure with extremely large apartments and a brick facade. The additional structures consist of a 1.5-story brick garage and a 2-story frame barn. The hallway features hardwood finishes throughout. The property is zoned R-VWB2 (Van Wyck Brooks Historic District), with further zoning information available in the property documents. The property taxes are approximately $26,500. The setting is park-like, and there is excess land available for two additional 3-story buildings, each with a full basement. Financials are available upon execution of a non-disclosure agreement.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.420979
    Latitude
    40.60936

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    FAQs

    What type of property is this?
    Apartment building - Three-building multifamily property in Plainfield's Van Wyck Brooks Historic District.
    Where is this apartment building located?
    The property is located at 543-573 West 8Th St, Unit | Plainfield Plainfield, NJ.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Development potential: Excess land allows for the construction of two additional 3-story buildings, each with a full basement.; - Sizeable apartments: The property features extremely large apartments within the 10-unit building.; - Includes a 10-unit apartment building, a 1.5-story brick garage, and a 2-story frame barn.
    (973) 202-9119
    Request Owner's contact information
    543-573 West 8Th St, Unit | Plainfield Plainfield, NJ 07060
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    Plainfield, NJ 07060
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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
    543-573 West 8Th St, Unit | Plainfield Plainfield, NJ 07060
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