Mixed-Use Building with
1715 Irving St, Rahway, NJ 07065
For Sale
$549,000
The ground-floor business space has its own entrance, a half bath, and built-in air conditioning.
Property Size1,618 SF
Price / SF$339.31
Days on Market69
Property Features for 1715 Irving St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Tenant in Place
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Vinyl-Linoleum Floors
Curbs
Sidewalk
Storm Door(s)
Thermal Windows/Doors
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Village Green Realtors
(732) 381-7477
Listed By:
Jaroslaw Kaczynski
(908) 272-2570
Source:
Cammarotarealestate
Added: Sep 1
Changed: Nov 7
Last Checked: Nov 7 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Village Green Realtors
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Investment Insights
Based on property information with market context.
This 1,618-square-foot mixed-use property was built in 1910 and contains three units. The ground-floor storefront has a separate entrance, a half bath, and built-in air conditioning. The first-floor space is leased through May 31, 2027; the second-floor unit and storefront are described as spaces to rent. Zoning is HPO.
The property is in Rahway’s historic downtown district, within walking distance of NYC rail service, restaurants, employment centers, and shopping.
The property is in Rahway’s historic downtown district, within walking distance of NYC rail service, restaurants, employment centers, and shopping.
Key Highlights
- Three units within 1,618 square feet
- First‑floor space leased through May 31, 2027
- Storefront has a separate entrance, half bath, and built‑in air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,882
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,640
$497.6K
Cap Rate 7%
$355,457
$355.5K
Cap Rate 9%
$276,467
$276.5K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$48.5K $30.00/SF
− Vacancy
−$3.3K −$2.04/SF
EGI
$45.2K $27.96/SF
− OpEx
−$20.4K −$12.58/SF
NOI
$24.9K $15.38/SF
Area
Union County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,640
Cap Rate 7%
$355,457
Cap Rate 9%
$276,467
Alternative Uses
Best Use
Apartment 5plus
$355.5K
$311.0K – $414.7K
NOI $24,882 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$329.9K
$288.7K – $384.9K
NOI $23,094 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,574 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 07065, NJ
29,556
Population
12,811
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
7,578
Density / Sq Mi
$90,852
Median Household Income
$57,021
Median Earnings
$1,764
Median Rent
$362,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Union County, NJ
Properties on Market for Mixed-use properties in Union County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The ground-floor business space has its own entrance, a half bath, and built-in air conditioning.
Where is this mixed-use property located?
The property is located at 1715 Irving St Rahway, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Three units within 1,618 square feet; First‑floor space leased through May 31, 2027; Storefront has a separate entrance, half bath, and built‑in air conditioning
