$10,000 Closing Credit¹
#3941348, Listing Office: VRI HOMES
$1,395,000 List price
317-319 Richmond St Plainfield, NJ 07060
$10,000
Closing credit¹
10 beds
5 full, 3 partial
5,183 sqft
0.07 acres
$269 / sqft
Multi-Family
Property details
About 317-319 Richmond St
Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.
Highlights
Home typeMulti Family
HeatingOther
StatusActive
CoolingMulti Unit(s)
Size5,183 sqft
BasementYes
Lot size0.07 Acres
ParkingOn Street, Direct Access, Heated Garage, Oversized, Workshop in Garage
MLS #22418132
Attached garage2 spaces
Summary
- MLS Number: 22418132
- MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
- Office Name: VRI Homes
- Office Phone: (800) 531-2885
- Listing Agent: Marc A Sorrentino
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,395,000
317-319 Richmond St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Evergreen Elementary School
Public District KG-5
0.4 mi
•1033 Evergreen Ave
1
Charles H. Stillman Elementary School
Public District KG-5
0.6 mi
•201 W 4th St
4
Cresthaven Academy Charter School
Public Charter KG-4
0.9 mi
•530 W 7th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,452. The majority of Plainfield, NJ residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
25%
<35k
45%
35k-100k
20%
100k-200k
10%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
31%
Single, No Kids
25%
Single, with Kids
16%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Continuing Education Courses
College Basketball
Where do the neighbors shop?
Stein Mart
Express/Express For Men
Dillards
Where do the neighbors go to eat?
LongHorn Steakhouse
Qdoba
Logan's Roadhouse
What do the neighbors drive?
Buick
Volkswagen
Hyundai
What do the neighbors listen to?
Contemporary Inspirational
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 317-319 Richmond St in Plainfield, NJ and zip code 07060. This 5,183 square foot home sits on a 0.07 acre lot. Features: 10 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $1,395,000.
In February 2025 more than 5 listings in Plainfield, NJ were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 4 were sold below. In February 2025 in Plainfield, NJ there were 18.8% more homes for sale than in January. Listings spent 45 days on the market in February 2025, and had a median list price of $490,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.