$1,450,000
$1,460,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
7,072 SqFt
SOLD DATE : 09/11/2025
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,072 sqft
Price per Sqft $205
MLS Listing ID 2513691R
Sold Date 09/11/25
Full Baths 2
Year Built 1924
Annual Tax Amount $28,152
Tax Year 2023
Lot Size 4,443 Sqft
Acres 0.102
Lot Dimensions 101.00 x 44.00
Property Sub-Type Multi Family
Source CJMLS API
Property Description
Seize a rare investment opportunity at 303-309 Maple St, a 5-unit mixed-use building located in the heart of downtown Perth Amboy and in an Opportunity Zone. This property offers a perfect blend of stable commercial income and spacious residential units, ideal for investors seeking returns in a vibrant urban setting. Key Features: Three commercial units with stable, long-term leases, providing consistent cash flow Two oversized 2-bedroom apartments, offering spacious layouts and strong rental potential Prime downtown location, steps from shops, restaurants, train and waterfront attractions Situated in a designated Opportunity Zone, unlocking significant tax benefits Close to public transportation, major highways, and Perth Amboy's bustling business district Well-maintained building with modern amenities and strong curb appeal. Annual rent is $136,260 a year. Water/Insurance/Maintenance $15,000. NOI $95,440. This is currently listed at a 6.54% cap rate. This property combines reliable commercial tenants with high-demand residential units. Don't miss your chance to own a versatile asset in a prime location with exceptional financial upside. Schedule a showing today!
Location
State NJ
County Middlesex
Zoning C-2
Interior
Heating Radiators-Steam
Flooring Carpet, Tile, Wood
Appliance Range/Oven, Refrigerator
Heat Source Natural Gas
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Flat
Building
Lot Description Near Shopping, Near Train
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1600121000000013
Energy Description Natural Gas
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