$10,000 Closing Credit¹
#22418132, Marc A Sorrentino, Listing Office: VRI Homes
$1,590,000 List price
317 Richmond St Plainfield City, NJ 07060
$10,000
Closing credit¹
10 beds
4 full
Multi-Family
Property details
About 317 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
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Year built1955
ParkingOn-Street Parking
MLS #3941348
Summary
- MLS Number: 3941348
- Office Name: VRI HOMES
- Office Phone: (800) 531-2885
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 8:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,590,000
317 Richmond St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
2
Dewitt D. Barlow Elementary School
Public District KG-5
0.5 mi
•E Front St & Farragut Rd
1
Charles H. Stillman Elementary School
Public District KG-5
0.6 mi
•201 W 4th St
5
East End Elementary School
Public District PK-4
0.7 mi
•170 Oneida Ave
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 $41,675. The most common annual income of people living in Plainfield City, NJ is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
38%
35k-100k
16%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
20%
Single, with Kids
12%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
36%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Continuing Education Courses
Where do the neighbors shop?
Burlington
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Popeyes
Church's Chicken
Qdoba
What do the neighbors drive?
Dodge
Cadillac
Volkswagen
What do the neighbors listen to?
Urban Contemporary
Jazz
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 317 Richmond St in Plainfield City, NJ and zip code 07060. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $1,590,000.
While more than 8 listings in Plainfield City, NJ in January 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. Between December and January 2025, Plainfield City, NJ real estate market has seen increase in the number of listings by 4.8%. Listings spent 20 days on the market in January 2025, and had a median list price of $485,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.