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For sale
  • $950,000

    84-86 Washington Ave, Carteret, NJ 07008

    2beds
    4baths
    --sqft
    : 
    Multi Family
    Built in 1935
    -- sqft lot
    $952,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern stainless-steel appliancesCentral air conditioningDual basements for storageHardwood floorsPrivate outdoor spaceTwo separate backyardsAttic for extra storage
    Fully Occupied Mixed-Use Investment 84-86 Washington Ave, Carteret, NJ Turnkey Property with Immediate Cash Flow An outstanding opportunity to own a fully tenant-occupied, income-generating mixed-use property in a prime Carteret location. This well-maintained asset features two commercial storefronts at the front of the lotboth currently leased to long-term tenantsproviding stable, ongoing rental income. The rear building consists of two updated residential units, each offering 1 bedroom, 1 full bath, hardwood floors, and sleek stainless-steel appliances. The upper apartment includes a spacious attic for additional storage, while both units enjoy private fenced backyards, a highly sought-after amenity for renters. Both residential units are fully rented with reliable tenants already in place. The property includes: Central A/C in commercial units Two full basements for additional storage or potential use Open parking for 3 cars plus a 3-car detached garage, ideal for tenant use or additional income Situated minutes from the NJ Turnpike, Route 1, and other major routes, this location ensures easy access to NYC and strong rental demand. Local schools, shopping, and public transportation are all within reach. Whether you're building your portfolio or seeking a stable, hassle-free asset, 84-86 Washington Ave offers a rare chance to acquire a fully rented property with multiple revenue streams, minimal vacancy risk, and excellent long-term growth potential.
    72 days
    on Zillow
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    161
    |
    7
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    Zillow last checked: 7 hours ago

    Listing updated: 22 hours ago

    Listed by:

    FARHAD KARIMI,

    EXP REALTY, LLC 866-201-6210

    Source: All Jersey MLS,MLS#: 2511357RMLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 84-86 Washington Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    Heating
    • Electric
    Cooling
    • A/C Central - All, A/C Window Unit(s), See Remarks, Unit 3(A/C Central), Unit 4(A/C Central)
    Appliances
    • Included: Water Heater(Electric, Gas), Water Heater
    Features
    • Unit 1(1 Bedroom, 1 Bath), Unit 2(1 Bedroom, Dining Room, Kitchen, 1 Bath, See Remarks), Unit 3(1 Bath, See Remarks), Unit 4(1 Bath, See Remarks)
    • Basement: Full, Exterior Entry, Tenant Use, Interior Entry, Laundry Facilities
    Interior area
    • Total structure area: 0
    Video & virtual tour

    Property

    Parking
    • Parking features: 3-4 Car Parking
    Features
    • Stories: 2
    • Exterior features: Sidewalk, Yard
    Lot
    • Features: See Remarks
    Details
    • Parcel number: 0106402000000011

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1935

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Features: Sidewalks
    Location
    • Region: Carteret

    Financial & listing details

    • Annual tax amount: $14,000
    • Date on market: 4/2/2025
    • Ownership: Fee Simple,See Remarks
    • Lease term: Unit 1(No Lease)
    • Electric utility on property: Yes
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