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    173 W Main St Rahway, NJ 07065

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    For Sale
    $475,000

    Multifamily property in redevelopment zone with renovation potential.

    Lot size:
    0.10 Acres

    Property Features for 173 W Main St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1920

    Source: VILLAGE GREEN REALTORS Agent MATTHEW DOBROWOLSKI

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

    Overview

    Redevelopment Zone Multifamily Property

    Located in the heart of a redevelopment zone, this property features two units: one two-story apartment that has been recently renovated, and one single-story unit. The single-story unit is currently vacant and was recently renovated. The two-story unit is currently rented for $1,800 per month. The property includes a large lot that slopes toward the river, offering views. There is potential to add a second floor to the single-story unit for increased income. Situated behind the Union County Performing Arts Center (UCPAC), the property provides easy access to Routes 1 & 9 and the Garden State Parkway, and is located blocks from NJ Transit trains and the main downtown area. The property requires some structural work and is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.27579
    Latitude
    40.6111

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    FAQs

    What type of property is this?
    Duplex - Multifamily property in redevelopment zone with renovation potential.
    Where is this duplex located?
    The property is located at 173 W Main St Rahway, NJ.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Prime location in Redevelopment Zone with high potential for appreciation.; - Two units provide immediate rental income ($1,800 per unit).; - **One unit recently renovated and ready for immediate occupancy.**
    (732) 381-7477
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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
    173 W Main St Rahway, NJ 07065
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