Raritan NJ Multi Family for Sale
$550,000
11 1ST AVE Unit 2 Raritan, NJ 08869
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.17 Acres
- Year built:
- 1970
- Baths:
- 2.00
- MLS#:
- 3920566
- Subdivision:
- Walk To Town
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Courtesy: RE/MAX CLASSIC GROUP
908-698-4500
ADDITIONAL INFORMATION
Welcome to this amazing opportunity in Raritan Borough! Raritan Borough is known for its small-town feel, where neighbors know each other's names. Downtown Raritan Borough offers many restaurants, a train line, bus service, shopping both local and large scale like Wegmans just down the road. You will also find a great school system, close to major highways, etc. This legal two family has separate utilities, fully leased with actual yearly leases. There is plenty of parking in the rear of the home and this home is situated within walking distance of downtown Raritan Borough. This legal two family has separate utilities, fully leased with yearly leases. There are two (2) bedroom and (1) full bath units both with the 1st occupying the entire second floor and the 2nd the entire first floor. Both homes offer spacious bedrooms, an oversized great room, a gallery kitchen and a spacious full bath. The upstairs unit is $1950.00 per month while the 1st floor unit is $1750 per month. Both tenants pay for their own gas, electric, cable, etc. The owner pays the water bill for the entire building.
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Raritan Real Estate
The median home value in Raritan, NJ is $580,500. This is higher than the county median home value of $380,200. The national median home value is $219,700. The average price of homes sold in Raritan, NJ is $580,500. Approximately 85.25% of Raritan homes are owned, compared to 12.19% rented, while 2.57% are vacant. Raritan real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Raritan real estate agent to arrange a tour today!
Raritan, New Jersey has a population of 22,103. Raritan is less family-centric than the surrounding county with 33.82% of the households containing married families with children. The county average for households married with children is 34.12%.
The median household income in Raritan, New Jersey is $120,644. The median household income for the surrounding county is $110,969 compared to the national median of $57,652. The median age of people living in Raritan is 44.8 years.
Raritan Weather
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 19.4 degrees. The average rainfall is approximately 48.9 inches per year, with 26.4 inches of snow per year.