Rare Investment Opportunity! 3 Family home, getting $5k Rent per month on time. Last unit's lease ends in October 2023. This 6 Bedroom colonial home is great for a fully stand-alone investment property or an owner-occupied homestead with substantial rental income. Second Floor unit is spread over two levels, including three rooms on the first level that can be used as bedrooms, living or dining areas, and a full bathroom and kitchen/dining room. The second level boasts two rooms that can be used as additional bedrooms or living space. First Floor unit features one-bedroom, full bathroom, kitchen, dining room, living room, and an office or sunroom, all with high-end wood interiors and upgraded bathroom. Basement unit offers a studio room, full bathroom, and access to a laundry room/kitchenette. Basement is accessible via a side or front door through the main foyer. Other features include electronic entry, open-air front porch, common entry foyer, 2 car driveway, 1-car breezeway/carport, garage at the rear of the property, a shed, garden area and eased solar. Low maintenance, average maintenance is $500/ month. Basement lease ends in April 23, First floor in September23 and second floor in October 23. If desired, the buyer will have the option to retain the current, highly responsive property management company
Sold for $625,000
$625,000
123 Larch St, Port Reading, NJ 07064
6beds
3baths
--sqft
Multi Family
Built in 1916
-- sqft lot
$703,600 Zestimate®
$--/sqft
$3,540 Estimated rent
Home value
$703,600
$647,000 - $760,000
$3,540/mo
Zestimate® history
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Electronic entryGarden areaUpgraded bathroomCommon entry foyerOpen-air front porch
Zillow last checked:
Listing updated:
Listed by:
CHRISTO JOE,
GUARANTEED SALE 732-979-2482
Source: All Jersey MLS,MLS#: 2311188R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Forced Air
Cooling
- A/C Central - All, Unit 1(A/C Central)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven, Refrigerator), Unit 3(Refrigerator)
Features
- Unit 1(3 Bedrooms, Kitchen, 1 Bath), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 3(1 Bedroom, 1 Bath)
- Flooring: Unit 1 Carpet, Unit 2 Carpet, Unit 3 Carpet
- Windows: Screen/Storm Window
- Basement: Full, Finished, Bath Full, Bedroom, Exterior Entry, Interior Entry, Utility Room
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Attached Carport, 3-4 Car Parking
- Has carport: Yes
Features
- Stories: 2
- Patio & porch: Patio, Porch
- Exterior features: Barbecue, Patio, Screen/Storm Window, Door(s)-Storm/Screen, Fencing/Wall, Storage Shed, Porch, Private Entrance
- Fencing: Fencing/Wall
Lot
- Size: 6,599 sqft
- Dimensions: 100.00 x 66.00
- Features: Near Shopping, Near Train, Level, Near Public Transit
Details
- Additional structures: Shed(s)
- Parcel number: 25010791700007
- Zoning: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1916
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Green energy
- Energy generation: Solar
Community & neighborhood
Location
- Region: Port Reading
Other
Other facts
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2023 | Sold | $625,000+8.7% |
Source:  All Jersey MLS #2311188R Report a problem | ||
| 5/8/2023 | Contingent | $575,000 |
Source: All Jersey MLS #2311188R Report a problem | ||
| 4/20/2023 | Listed for sale | $575,000+259.4% |
Source: All Jersey MLS #2311188R Report a problem | ||
| 1/8/2018 | Listing removed | $2,150 |
Source: Zillow Rental Manager Report a problem | ||
| 10/23/2017 | Listed for rent | $2,150 |
Source: Zillow Rental Manager Report a problem | ||
| 1/16/2002 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,587 | $99,600 |
| 2024 | $11,587 +17.3% | $99,600 +14.7% |
| 2023 | $9,879 +2.6% | $86,800 |
| 2022 | $9,631 +0.8% | $86,800 |
| 2021 | $9,552 -6% | $86,800 |
| 2020 | $10,158 +5.1% | $86,800 |
| 2019 | $9,670 | $86,800 |
| 2018 | $9,670 +3.1% | $86,800 |
| 2017 | $9,380 +2.1% | $86,800 |
| 2016 | $9,187 +2.6% | $86,800 |
| 2015 | $8,950 +1.6% | $86,800 |
| 2014 | $8,807 +3.2% | $86,800 |
| 2013 | $8,530 +3.4% | $86,800 |
| 2012 | $8,250 +5.4% | $86,800 |
| 2011 | $7,824 +4.8% | $86,800 |
| 2010 | $7,467 +7.5% | $86,800 |
| 2009 | $6,944 | $86,800 |
| 2008 | -- | $86,800 +1.3% |
| 2007 | $23,927 +10.4% | $85,700 |
| 2006 | $21,681 +3% | $85,700 |
| 2005 | $21,059 | $85,700 |
| 2004 | -- | $85,700 +2.5% |
| 2003 | -- | $83,600 |
| 2002 | -- | $83,600 |
Find assessor info on the county website
Neighborhood: 07064
Nearby schools
GreatSchools rating
- 4/10Port Reading Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Avenel Middle SchoolGrades: 6-8Distance: 3 mi
- 4/10Woodbridge High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$703,600
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Estimated market value
$703,600
- New Jersey
- Middlesex County
- Port Reading
- 07064
- 123 Larch St
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