173 W Main St Rahway, NJ 07065
Multifamily property in redevelopment zone with renovation potential.
Lot size:
0.10 AcresProperty Features for 173 W Main St
General Information
- Lot size
- 0.10 Acres
Building Details
- Year built
- 1920
Source:
Elliman
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Rahway
- County
- Union
- State
- New Jersey
- Longitude
- -74.27579
- Latitude
- 40.6111
Nearby Similar for Sale
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.**