Property details
About 428-434 W Grand Ave
PRICE IMPROVEMENT -- 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
Summary
- List Price: $1,450,000
- Lot: Corner Lot, See Remarks
- Directions: Navigate to the corner of West Grand Ave and Oliver Street
- Lot Size: 0.27 Acres
- MLS Number: 3954004
- Office Name: RE/MAX INSTYLE
- Office Phone: (609) 303-3456
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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. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
About 428-434 W Grand Ave
The listing price of 428-434 W Grand Ave property is $1,450,000.
The property 428-434 W Grand Ave is land located in Rahway City, New Jersey, 07065.
Active Listing: 428-434 W Grand Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 428-434 W Grand Ave are: Franklin Elementary School (GreatSchools Rating 6/10), Cleveland Elementary School (GreatSchools Rating 5/10), Roosevelt Elementary School (GreatSchools Rating 4/10), Rahway 7th and 8th Grade Academy (GreatSchools Rating 2/10), Avenel Middle School (GreatSchools Rating 3/10), Winfield Township School (GreatSchools Rating 7/10), Rahway High School (GreatSchools Rating 2/10), Linden High School (GreatSchools Rating 2/10), Arthur L. Johnson High School (GreatSchools Rating 5/10).
The property 428-434 W Grand Ave is 0.27 acres.
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 $1,450,000.
While more than 7 listings in Rahway City, NJ in June 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. In June 2025 in Rahway City, NJ there were 18.6% more homes for sale than in May. Listings spent 75 days on the market in June 2025, and had a median list price of $500,000 during the same period.