$8,609 Closing Credit¹
#2511009R, Listing office: EXP REALTY, LLC
$534,999 List price
725 New Market Ave South Plainfield, NJ 07080
$6,353
Closing credit¹
0 beds
1,530 sqft
0.1 acres
$350 / sqft
Multi-Family
Property details
About 725 New Market Ave
Discover an outstanding investment opportunity with tis charming two-family residence, ideally situated in the vibrant heart of South Plainfield. This two-unit home is meticulous and well-maintained that features two spacious units that are currently rented, with each offering 2 bedrooms and 1 bathroom, providing immediate rental income. Each unit showcases bright, inviting living spaces, well-appointed kitchens, and comfortable bedrooms, ensuring an excellent living experience for tenants. The home sits on a generous L-shaped lot, offering ample potential to enhance its value by adding a garage and driveway with access from the side street. This two-unit home also boasts 2 newer Navien tankless water heaters providing instant hot water to each apartment. Perfectly positioned near top-rated schools, shopping centers, and within a minute from a beautiful dog park, this property combines convenience with a strong community atmosphere. Whether you're an investor seeking a high-yield rental property or a homeowner looking to live in one unit while renting out the other, this versatile home is an excellent choice. This unique property is nestled on one of the largest lots that a multi family home can offer with potential of increasing its square footage in the future and with lots of opportunities to also increase its value and income. Don't miss out on this incredible opportunity schedule your showing today!
Highlights
Home typeMulti Family
HeatingHot Water
StatusAccepting Backup Offers
(Under Contract)
(Under Contract)
CoolingAttic Fan
Size1,530 sqft
Lot size0.1056 Acres
Year built1928
ParkingDetached, 4(+)Car Parking
MLS #2508925R
Virtual tour
Summary
- Appliances: Water Heater, Refrigerator
- Interior: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room)
- Attached Garage: No
- Parking: Detached, 4(+)Car Parking
- Heating: Hot Water
- Cooling: Attic Fan
- List Price: $534,999
- Price/SqFt: $349
- Annual Tax Amount: $7,546
- Tax Year: 2024
- Lot: Irregular Lot
- Year Built: 1928
- Stories: 2
- Living Area: 1,530 SqFt
- Lot Size: 0.1056 Acres
- MLS Number: 2508925R
- MLS Name: CJMLS API
- Office Name: SIGNATURE REALTY NJ
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 11:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$534,999
725 New Market Ave
$6,353
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 10, 2019 | Home Sold | $345,000 |
| Dec 20, 2017 | Home Sold | $90,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $113,000 | $7,546 |
| 2022 | $113,000 | $7,452 |
| 2021 | $113,000 | $7,277 |
| 2020 | $113,000 | $6,247 |
| 2019 | $102,600 | $6,086 |
History based on county public records data.
Nearby schools
5
Roosevelt Elementary School
Public District PK-4
0.5 mi
•135 Jackson Ave
5
Franklin Elementary School
Public District PK-4
1.2 mi
•1000 Franklin Ave
3
John F Kennedy Elementary School
Public District PK-4
1.3 mi
•2900 Norwood 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 $91,346. Typical income of South Plainfield, NJ residents is between $100k-200k annually. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
18%
<35k
37%
35k-100k
42%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
30%
Single, No Kids
10%
Single, with Kids
31%
Married, No Kids
29%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Tennis
NBA/WNBA
Where do the neighbors shop?
Chico's
IKEA
New York & Company
Where do the neighbors go to eat?
Boston Market
Chipotle
Qdoba
What do the neighbors drive?
Volvo
Jeep
Infiniti
What do the neighbors listen to?
Talk/Personality
Alternative
Active Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 725 New Market Ave
The listing price of 725 New Market Ave property is $534,999.
The property 725 New Market Ave is a multi located in South Plainfield, New Jersey, 07080.
Accepting Backup Offers: 725 New Market Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 725 New Market Ave are: Roosevelt Elementary School (GreatSchools Rating 5/10), Franklin Elementary School (GreatSchools Rating 5/10), John F Kennedy Elementary School (GreatSchools Rating 3/10), South Plainfield Middle School (GreatSchools Rating 4/10), Grant Elementary School (GreatSchools Rating 4/10), Quibbletown Middle School (GreatSchools Rating 5/10), South Plainfield High School (GreatSchools Rating 5/10), Plainfield Academy for the Arts & Advanced Studies (GreatSchools Rating 5/10), Plainfield High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $7,546 (source: MLS/based on county public records data).
The last sale was on October 10, 2019 for $345,000 (source: MLS/tax record).
The property 725 New Market Ave is 1,530 SqFt (source: MLS/tax record).
The year of construction for 725 New Market Ave is 1928.
This home is located at 725 New Market Ave in South Plainfield, NJ and zip code 07080. This 1,530 square foot home, which was built in 1928, sits on a 0.11 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $534,999.
In May 2025 more than 9 listings in South Plainfield, NJ were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. In May 2025 in South Plainfield, NJ there were 11.9% more homes for sale than in April. While the average time on the market in May 2025 was 22 days, the median list price was $526,000.
From Rocket Homes Real Estate and based on county public records data.