#3952133, Listing Office: RE/MAX COMPETITIVE EDGE
Property details
About 428-434 W Grand Ave
PRICE REDUCED, INCREASED CAP RATE ! 428-434 W Grand Avenue & 1689 Oliver Street in Rahway, NJ are two separate properties which may be sold separately. 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. Restaurant equipment is included in the sale. 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. 7.3% CAP RATE !
Highlights
Home typeVacant Land
StatusActive
Lot size0.27 Acres
MLS #3954004
Summary
- MLS Number: 3954004
- Office Name: RE/MAX INSTYLE
- Office Phone: (609) 303-3456
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Last updated on: 4/4/2025, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,650,000
428-434 W Grand Ave
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Price information
Property sales
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Tax history
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Nearby schools
6
Franklin Elementary School
Public District PK-6
0.6 mi
•1809 Saint Georges Ave
5
Cleveland Elementary School
Public District PK-6
0.6 mi
•486 E Milton Ave
4
Roosevelt Elementary School
Public District PK-6
0.9 mi
•811 Saint Georges 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 $46,509. The majority of Rahway City, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
40%
<35k
44%
35k-100k
16%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
53%
Single, No Kids
16%
Single, with Kids
15%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
Figure Skating
Soccer
Where do the neighbors shop?
Express/Express For Men
Family Dollar
Forever 21
Where do the neighbors go to eat?
Qdoba
Church's Chicken
Dominos Pizza
What do the neighbors drive?
Volkswagen
Cadillac
Mazda
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 428-434 W Grand Ave
This home is located at 428-434 W Grand Ave in Rahway City, NJ and zip code 07065. Features: 0 bathroom. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $1,650,000.
Rahway City, NJ housing market in March 2025 saw over 9 listings sold above listed price, more than 3 sold at listed price and over 3 sold below. The inventory of homes for sale in Rahway City, NJ between February and March 2025 increased by 27.7%. Listings spent 48 days on the market in March 2025, and had a median list price of $500,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.