Two-Story Residential Income
For Sale
$600,000
349 Lafayette St, Rahway, NJ 07065
A corner property with a private concrete driveway at the rear and a full, unfinished walk-out basement.
Property Size1,712 SF
Price / SF$350.47
Days on Market8
Property Features for 349 Lafayette St
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,777
Amenities
Natural Gas
Full, Unfinished, Walk-Out Access
Gas Water Heater
Off Street, On Street
Barbecue
2-Two Story
Building Details
Year Built
1940
Stories
2
Listing Agency:
eXp Realty, LLC
Listed By:
KUNAL DOSHI · License #1325289
(732) 236-4197
Source:
Evrealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:00PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This two-story residential income property was built in 1940 and includes a full, unfinished basement with walk-out access. Natural gas service and a gas water heater are listed among its features, along with a barbecue.
Key Highlights
- Two‑story property built in 1940
- Corner location at 349 Lafayette St in Rahway City, NJ
- Private concrete driveway at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,327
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,540
$526.5K
Cap Rate 7%
$376,100
$376.1K
Cap Rate 9%
$292,522
$292.5K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$51.4K $30.00/SF
− Vacancy
−$3.5K −$2.04/SF
EGI
$47.9K $27.96/SF
− OpEx
−$21.5K −$12.58/SF
NOI
$26.3K $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%
$526,540
Cap Rate 7%
$376,100
Cap Rate 9%
$292,522
Alternative Uses
Best Use
Apartment 5plus
$376.1K
$329.1K – $438.8K
NOI $26,327 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A corner property with a private concrete driveway at the rear and a full, unfinished walk-out basement.
Where is this residential income property located?
The property is located at 349 Lafayette St Rahway, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑story property built in 1940; Corner location at 349 Lafayette St in Rahway City, NJ; Private concrete driveway at the rear
