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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

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.**
More about this property
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