Rahway City, NJ 07065,428-434 W Grand Avenue
See all 6 photos
Rahway City, NJ 07065,428-434 W Grand Avenue
Rahway City, NJ 07065,428-434 W Grand Avenue
Rahway City, NJ 07065,428-434 W Grand Avenue
Rahway City, NJ 07065,428-434 W Grand Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
15
Mar
Sun
16
Mar
Mon
17
Mar
$ 1,800,000
Est. payment /mo
Save
Active

428-434 W Grand Avenue Rahway City, NJ 07065

7,439 SqFt


UPDATED:

03/04/2025 04:01 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,439 sqft

Price per Sqft $241

MLS Listing ID 3948881

Year Built 1890

Annual Tax Amount $20,545

Tax Year 2024

Lot Size 0.270 Acres

Property Sub-Type Mixed Use

Property Description

Portfolio sale includes 428-434 W Grand Avenue & 1689 Oliver Street in Rahway, NJ. The property at 428-434 W Grand Ave includes both apartment rentals and storefronts. On the second floor, there are three apartment units: Unit 428, a 1-bedroom unit renting for $1,075 per month; Unit 430, a 3-bedroom unit available on a month-to-month lease for $1,800 per month; and Unit 434, an owner-occupied 1-bedroom unit with an estimated rental value of $1,200 per month. The first floor features two storefronts: Unit 428, a 300-square-foot space currently leased to a skincare business at $755 per month on a month-to-month basis, and Unit 434, a vacant restaurant space with a kitchen. The former tenant of Unit 434 was paying $2,000 per month, with the new estimated rental rate set at $2,500 per month. Please note that equipment is not included in the sale of the restaurant space. The property at 1689 Oliver St is a fully occupied two-unit building situated on a 0.1327-acre lot. The first-floor unit, a 1-bedroom apartment, is rented for $1,336 per month with a lease through September 2025. The second-floor unit, also a 1-bedroom, is rented for $1,400 per month on a month-to-month lease. The landlord covers the heating costs for both units, which amounts to $900 per year, as there is a single furnace servicing both apartments. The total rental income for the property is $2,736 per month, or $32,832 annually.

Location

State NJ

County Union

Zoning B-1

Interior

Heating Electric, Gas-Natural

Cooling 4+ Units

Equipment See Remarks

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available Electric, Gas-Natural

Roof Type See Remarks

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by RE/MAX INSTYLE
agent

Elba Lizzette Camacho

Real Estate Professional | License ID: 2075896

+1(908) 379-8964

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

428-434 W Grand Avenue