518 Central Avenue Unit 22 Plainfield, NJ 07060
Operating residential health care facility with multiple bedroom and bed configurations across three levels.
Property Features for 518 Central Avenue Unit 22
General Information
- Standard status
- Active
- Size
- 6,144 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing office KELLER WILLIAMS ELITE REALTORS
Listing date Dec 1, 2025
Source Actionplusrealty
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
The layout includes a first floor with two bedrooms, one bathroom, a staff room, living room, dining room, and kitchen. The second floor provides six beds and two bathrooms. The third floor includes six beds and one bathroom.
The property is located just minutes from Route 22, with access to major roadways including Routes 287, 78, and 22. The seller is strictly selling the property as-is, with no repairs and no credits offered.
Key Highlights
- Operating residential health care facility with bed/bath configurations across three levels
- First floor includes 2 bedrooms, 1 bath, a staff room, living room, dining room, and kitchen
- Second floor features 6 beds and 2 baths
Local Financial Insights For Apartment 5plus
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 | $147.5k | $24.00 |
| − Vacancy | −$8.7k | −$1.42 |
| EGI | $138.8k | $22.58 |
| − OpEx | −$62.4k | −$10.16 |
| NOI | $76.3k | $12.42 |
Alternative Uses
Property Analytics
Current Use by Public Records
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