Three-Unit Commercial
353 Main Street Spotswood, NJ 08884
For Sale
$505,000
MULTI_FAMILY - Spotswood, NJ
Property Size1,615 SF
Lot Size0.23 Acres
Price / SF$312.69
Days on Market257
Property Features for 353 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GC
Bathrooms
1
Rooms
Bathroom 2, Bathroom 1
Parking
14
Interior features
Paneling
Standard status
Active
APN
2400108000000035
Size
1,615 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
12161
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1933
Floors in Building
3
Flooring type
Wood, Paneling, Tile - Ceramic, Carpet
Building materials
Vinyl Siding, Wood Siding
Roof type
Composition
Listing Agency:
MID-STATE REALTY
(732) 251-8900
Listed By:
Anil Sharma
(732) 251-8900
Added: Nov 13, 2025
Changed: Jul 28
Last Checked: Jul 28 at 2:06PM
MLS# 2607520R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale as-is, this well-kept, centrally located three-unit commercial property is set at 353 Main Street in Spotswood, New Jersey. The building’s layout includes two private offices on the main level totaling approximately 500 square feet, and an upper level with additional office space, a half bath, and a pantry area.
The lower level provides a spacious, open-concept area featuring reception space and a half bath, suited for retail or service uses. The property is zoned GC, offering flexibility for a range of commercial operations.
Overall, the space is configured as three distinct units across three levels, making it workable for mixed tenancy or a single-user arrangement while supporting income potential through leasing. Buyers should note the property is being sold as-is.
The lower level provides a spacious, open-concept area featuring reception space and a half bath, suited for retail or service uses. The property is zoned GC, offering flexibility for a range of commercial operations.
Overall, the space is configured as three distinct units across three levels, making it workable for mixed tenancy or a single-user arrangement while supporting income potential through leasing. Buyers should note the property is being sold as-is.
Key Highlights
- Three‑unit commercial property in the heart of the Spotswood business district
- Main level has two private offices totaling approximately 500 sq ft
- Upper level offers approximately 500 sq ft with additional office space plus a half bath and pantry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $25.56 |
| − Vacancy | −$2.7k | −$1.65 |
| EGI | $38.6k | $23.91 |
| − OpEx | −$11.6k | −$7.17 |
| NOI | $27.0k | $16.74 |
1,615 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.1K
$337.9K – $450.5K
NOI $27,029 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$354.8K
$310.4K – $413.9K
NOI $24,835 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-level, three-unit commercial property with offices on the main and upper levels plus an open-concept reception area below.
Where is this triplex located?
The property is located at 353 Main Street Spotswood, NJ.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Three‑unit commercial property in the heart of the Spotswood business district; Main level has two private offices totaling approximately 500 sq ft; Upper level offers approximately 500 sq ft with additional office space plus a half bath and pantry
