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    940 Prospect Ave, Unit 2 Plainfield, NJ 07060

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    For Lease
    $2,800 /Mo

    Recently renovated two-bedroom unit with a full, finished basement.

    Lot size:
    0.22 Acres

    Property Features for 940 Prospect Ave

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1926

    Source: RE/MAX NEW MILLENNIUM GROUP Agent DAVID A SHAW

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

    Overview

    Renovated Unit with Finished Basement

    This recently renovated first-floor unit, located on a quiet street in Plainfield's Sleepy Hollow section, features two bedrooms and two full bathrooms. The bright unit includes premium vinyl plank flooring throughout, a huge living room suitable for gatherings, and a covered back porch. Both full bathrooms and the kitchen have been updated. The adjoining basement, completely updated just weeks ago, offers additional space that can be used for storage, an entertainment area, or a leisure room. The location provides quick access to public transportation, the library, and shopping.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.413047
    Latitude
    40.613285

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    FAQs

    What type of property is this?
    Multifamily property - Recently renovated two-bedroom unit with a full, finished basement.
    Where is this multifamily property located?
    The property is located at 940 Prospect Ave, Unit 2 Plainfield, NJ.
    What are key features of this property?
    This property features: - Recently renovated first-floor unit with a **full, finished basement**.; - Features two bedrooms and two full bathrooms.; - Enjoy the updated kitchen and bathrooms.
    (908) 282-1234
    Request Owner's contact information
    940 Prospect Ave, Unit 2 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
    940 Prospect Ave, Unit 2 Plainfield, NJ 07060
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