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.
For sale
$950,000
84-86 Washington Ave, Carteret, NJ 07008
2beds
4baths
--sqft
Est.:
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
- 72 days
- on Zillow |
- 161 |
- 7 |
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#: 2511357R

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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