Fully Occupied 12-Unit Apartment Building with Value-Add Potential
$3,000,000
388-398 Union Street, Rahway, NJ 07065
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 12/03/2025
9,480 sqft
Building Size
100
Occupancy
Details:
Building Size: 9,480 sqft
Occupancy: 100%
Units: 12
Year Built: 1968
Floors: 2
Highlights:
- Building consists of twelve ±790 SF one bedroom, one bathroom apartments
- New appliances
- Most apartments renovated with new bathrooms, kitchens and granite countertops
- Recent renovations make upgraded units easy to turn over
- All units have both a front entrance and rear terrace
- Laundry facility and individual storage spaces on premise
- Newly paved parking lot
- Quiet neighborhood with onsite and offsite parking
- Tenants pay all utilities, except for water
- Property tax $34,452 (2025)
- Owners are NJ Licensed Real Estate Brokers
Description:
Attractive, fully leased ±9,478 SF brick-faced apartment building situated on ±0.32 acres. Property features 12 well-maintained residential units.
Centrally located in Rahway and close to major highways, including Routes 1, 9, 27, the Garden State Parkway and less than a 1/2 mile to the Rahway Train Station and performing arts district. Within walking distance of shopping and Rahway River Park. Rahway offers various attractions like the Union County Performing Arts Center, the Rahway Public Library, and numerous art galleries and restaurants.
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum_388-398_Union_St__Rahway__NJ.pdf | ||
| Offering_Memorandum_388-398_Union_St__Rahway__NJ.pdf | ||
| Offering Memorandum 388-398 Union St, Rahway, NJ |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
