Mixed-Use Property with Residential
For Sale
$649,900
Pending
301 E 9Th Ave, Roselle, NJ 07203
Three-unit property with commercial and residential income potential.
Property SizeContact for details
Days on Market105
Property Features for 301 E 9Th Ave
General Information
Standard status
Pending
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,421
Building Details
Year Built
1920
Units
3
Listing Agency:
RE/MAX First Realty II
(908) 664-1500
Listed By:
OLIVIER LOUIS · License #448560
Source:
Elliman
Added: May 17
Changed: Aug 15
Last Checked: Aug 26 at 9:36AM
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 RE/MAX First Realty II
Investment Insights
Based on property information with market context.
This well-maintained three-unit mixed-use property offers both residential and commercial income. The first floor is occupied by a neighborhood convenience store, providing steady foot traffic and reliable rental income. The second floor features a spacious, updated three-bedroom apartment, while the third floor features an updated one-bedroom unit. Both residential units are currently vacant, allowing flexibility for an owner occupant or the ability to select a new tenant. Major improvements were completed in 2019, including a new roof and new siding, mostly new windows. The building has separate utilities, with tenants paying their own heat, gas, and electric, minimizing owner expenses. There is also a one-car garage. The property qualifies for FHA financing due to the greater residential square footage, making it an ideal choice for an investor or owner occupant looking to live in one unit and let the other tenants pay the mortgage. The bike score is 49, indicating it is somewhat bikeable, the walk score is 39, indicating it is car-dependent, and the transit score is 47, indicating some transit options are available. This property represents a solid investment in a strong rental market.
Key Highlights
- Qualifies for FHA financing due to greater residential square footage, ideal for owner occupant.
- Mixed‑use property with commercial (convenience store) and residential income streams.
- Major improvements completed in 2019: new roof, new siding, mostly new windows.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 07203, NJ
22,715
Population
8,430
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
2.6 sq mi
ZIP Area
8,737
Density / Sq Mi
$82,967
Median Household Income
$45,458
Median Earnings
$1,499
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit property with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 301 E 9Th Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Qualifies for FHA financing due to greater residential square footage, ideal for owner occupant.; Mixed‑use property with commercial (convenience store) and residential income streams.; Major improvements completed in 2019: **new roof, new siding, mostly new windows.**
