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Westfield, NJ

Residential Income

Westfield, NJ Residential Income Properties for Sale

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Mountainside, NJ Garwood, NJ Cranford, NJ Scotch Plains, NJ Fanwood, NJ Springfield, NJ Clark, NJ Plainfield, NJ

7 properties

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Westfield Mixed-Use Investment Opportunity

Updated: Apr 2

Westfield Mixed-Use Investment Opportunity

1030 South Ave, Westfield, NJ 07090

$1,999,000

9,122 sqft

High Income Potential: Projected Net Operating Income (NOI) of $186,661 annually, resulting in a 7.47% Cap Rate.
Prime Westfield Location: Mixed‑use building in a desirable area, walking distance to schools, NJ Transit, and shops.
Strong Rental Income: Combination of commercial and residential tenants with significant upside as all leases are up for renewal except one.
Premium Features: Includes hardwood floors, modern open floor plans, gym, central AC, in‑unit laundry, handicap accessibility, elevator, and dedicated parking.
Convenient Transportation: Bus to NYC stops in front of building; easy access to Garden State Parkway and Newark Airport.

This listing looks promising.

Here's a quick look at some key insights for

1030 South Ave, Westfield Town, NJ 07090

View Property Analytics

Est. Cap Rate

7%
Above avg (5.9%)
Est. NOI

$140K
Annual
Price @ 7% Cap

$2M
Above asking
Property Type

Condominium
Built 2002

View Property Analytics

Two-Family Duplex Home

Updated: Jul 10

Two-Family Duplex Home

615 Ripley Pl, Westfield, NJ 07090

$749,000

0.05 AC lot

Two‑family duplex with two apartments, each with two bedrooms
Each unit includes a living room, full bathroom, and kitchen
Unfinished third floor offers expansion potential for the second‑floor apartment, subject to township approvals
0.05‑acre lot
Public water and public sewer

Renovated Mixed-Use Property Near Train

Renovated Mixed-Use Property Near Train

348 South Ave East, Westfield, NJ 07090

$900,000

2,000 sqft 0.11 AC lot

Renovated mixed-use property with high-end salon and apartment near train.

Renovated Mixed-Use Property

Renovated Mixed-Use Property

348 SOUTH AVE EAST Unit 0000, Westfield, NJ 07090

$900,000

2,000 sqft

Renovated mixed-use building with a salon on the first floor and a two-bedroom apartment above.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Colonial Duplex with Detached Garage

Colonial Duplex with Detached Garage

236 Edgewood Ave, Westfield, NJ 07090

$1,550,000

Colonial two-family home with enclosed porches in both apartments, full basement, and a two-car detached garage.

Two-Family Residential Income Home

Two-Family Residential Income Home

615 Ripley Pl, Westfield, NJ 07090

$749,000

Well-maintained two-family home with two 2-bedroom units and a full unfinished third floor for potential expansion.

Two-Unit Residential Income Duplex

Two-Unit Residential Income Duplex

546 Carleton Rd, Westfield, NJ 07090

$1,095,000

0.17 AC lot

Two separate 3-bedroom residences on one lot, with updated windows, siding, and dedicated driveway access.

Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 7 Active listings in Westfield, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Four-Family Residential Income Property

Four-Family Residential Income Property

459 2nd Avenue, Garwood, NJ 07027

$1,115,000

900 sqft 0.18 AC lot

Four separately metered 2-bedroom units each include in-unit washer and dryer on an oversized lot.

Side-by-Side Duplex with Storage

Side-by-Side Duplex with Storage

455 2nd Ave, Garwood, NJ 07027

$899,900

0.15 AC lot

Side-by-side duplex built in 2003 featuring two 3-bedroom units with in-unit laundry and private unfinished basements.

Two-Family Residential Income Property

Two-Family Residential Income Property

109 Centennial Ave, Cranford, NJ 07016

$899,999

0.22 AC lot

Two-unit home with separate utilities, central air, and forced-hot-air heating, plus a fenced private yard and off-street parking.

Renovated Two-Unit Multifamily Home

Renovated Two-Unit Multifamily Home

187 North Ave, Cranford, NJ 07016

$1,125,000

Renovated two-unit home with two HVAC systems, tankless water heaters, and a detached two-car garage.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Scotch Plains Development Opportunity

Scotch Plains Development Opportunity

401 Acacia Road, Scotch Plains, NJ 07076

$3,500,000

6.37 AC lot

6.37 acres in Scotch Plains, endless development potential.

Land with Development Potential

Land with Development Potential

549 Jerusalem, Scotch Plains, NJ 07076

$2,400,000

1.60 AC lot

Large lot suitable for subdivision in a desirable location.

Ready-to-Build Multifamily Land Site

Ready-to-Build Multifamily Land Site

234 E 9th Street, Plainfield, NJ 07060

$1,300,000

1.02 AC lot

Combined lots with approved plans for two 8-unit residential buildings, positioned for convenient commuter access.

Residential Land in Colonia, NJ

Residential Land in Colonia, NJ

14 Parson Place, Colonia, NJ 07067

$649,900

0.93 AC lot

Vacant land ready for new home construction in Colonia.

Off-Market Properties in Westfield, NJ

Consider similar Off-Market properties in Westfield, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

616-618 Stirling Pl, Unit 618

APARTMENT HOUSE (UNDER 5 UNITS)

616-618 Stirling Pl, Westfield, NJ 07090-1532

Unit 618

$755,000

Estimated value

4,321 sqft 0.22 AC lot

1527 Lamberts Ml Rd

APARTMENT HOUSE (UNDER 5 UNITS)

1527 Lamberts Ml Rd, Westfield, NJ 07090-4700

$1,510,000

Estimated value

9,504 sqft 0.89 AC lot

112 Cacciola Pl

Multifamily properties

112 Cacciola Pl, Westfield, NJ 07090

Value Estimation by Request

Westfield, NJ Residential Income Properties Market Trends and Statistics

Explore 10 residential income properties for sale in Westfield, NJ, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 13,122 square feet of properties for sale, with an estimated market value of $7,942,000.

Sale prices for residential income properties in Westfield, NJ start at $749,000, averaging $1,134,571, and reaching up to $1,999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 31K

Population Growth (5Y) +2.3%

Median Household Income $212,700

College Educated 56.9%

High-Yield Neighborhoods for Investment

Identify Westfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
07090	$990.5K

Taxes & Financing

Tax Rate (average for all types) 2.24%

Property Tax per SF $7.71 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Union County

New Delisted

Total CRE Inventory on Market (SF)

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