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Raritan Boro, NJ 08869 52-54 First Ave

Pending
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Presented By: TERRIE O'CONNOR REALTORS; 201-934-0600
  • Garden State MLS (GSMLS) - 38 - NJ
  • MLS# 3958366
  • 04/23/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
  • Beds • 4
  • Baths • 2

Home Details

Exceptional Investment or Owner-Occupant Opportunity in the Heart of Raritan!Welcome to 52-54 1st Ave a well-maintained duplex located in the highly sought-after Bridgewater-Raritan School District. This versatile two-family property offers strong cash flow potential and the rare option for an owner-occupant to live in one unit while generating income from the other.Each unit features its own private entrance and separate gas/electric, ensuring privacy and ease of management. Unit 1 is currently leased at $2,200/month, while Unit 2 is vacant perfect for immediate occupancy or can be rented at market rate of up to $2,500+/month, offering excellent upside.Located just a short walk from the Raritan Train Station, this home is a commuter's dream with easy access to New York City. Enjoy the charm and convenience of Downtown Raritan, where you'll find local shops, restaurants, and community events. Nature lovers will appreciate being minutes away from the scenic trails and preserved grounds of Duke Farms.With easy access to Routes 202, 206, 22, I-287, and I-78, this location provides unmatched convenience for travel throughout Central Jersey and metropolitan areas. Whether you're a seasoned investor or a savvy home buyer looking to offset your mortgage with rental income, this property is a rare and valuable find in today's competitive market.Don't miss this prime opportunity!
Presented By: TERRIE O'CONNOR REALTORS; 201-934-0600

Interior Features for 52-54 First Ave

Bedrooms

Total Bedrooms4
Unit 1 Beds Total2
Unit 2 Beds Total2

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 1 Levels3
Unit 2 Levels2
UnitType1TotalRent0
UnitType2TotalRent2200
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
Unit 2 Appl/EquipCarbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Other Rooms

Unit 2 Rooms4
Unit 1 Rooms5
Unit 1 Room DescriptionAttic, Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Porch
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Laundry Room, Porch, Master Bedroom

General for 52-54 First Ave

Architectural StyleDuplex-Side by Side
CoolingWall A/C Unit(s)
CountySomerset
DirectionsDirect First Ave.
Drive1 Car Width, Concrete Strip
EasementUnknown
Elementary SchoolBRIDG-RAR
Full Baths2
GarageNone
Gross Income26400
HeatingBaseboard - Hotwater
High SchoolBRIDG-RAR
Middle/Junior High SchoolBRIDG-RAR
Net Operating Income
Number Of Units Total2
Open Parking Spaces2
Operating Expense0
Possession30-60
RoofSee Remarks
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount9161
Tax Assessed Value306800
Tax Lot28
Tax Year2024
Total Rooms10
Town #2716
TownshipRaritan Boro
UtilitiesGas-Natural
Year Built1950

Exterior for 52-54 First Ave

Exterior DescriptionVinyl Siding
Lot Dimensions45X145
Lot Size Acres0.15
Water SourcePublic Water

Additional Details

Price History

Schools

Middle School Bridg-Rar Middle School
High School Bridg-Rar High School
Elementary School Bridg-Rar Elementary School

Glenn Wechsler and Rob DiMeo Team

Price $575,000
MLS#3958366
List Date 04/23/2025
Property Type Pending
Phone 201.777.0660
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