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Off market
  • $868,800

    293-297 Waite Ave, Rahway, NJ 07065

    6beds
    3,900sqft
    MultiFamily
    Built in 1932
    -- sqft lot
    $868,800 Zestimate®
    $223/sqft
    $3,364 Estimated rent

    Home value

    $868,800

    $791,000 - $956,000

    $3,364/mo

    Zestimate® history
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    $3,364/mo

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    $6,174/mo

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    What's special

    Antique franklin stoveLarge shedDriveway parkingNice size yard

    Wonderful secluded block in great area with great neighbors. 3 of the 4 units have had kitchen and bathrooms renovated Great curbside appeal with the design of two duplexes attached. Driveway parking for three cars, nice size yard with large shed that can be converted into garage. Partial basement can have finishing completion as it has a antique Franklin stove. This also can be a renovated perfect home for investment minded person that is looking to live rent free while the others pay the mortgage. Cash flow ROI is excellent with over $6k monthly. Owner pays heat and hot water while tenants pay for electric and cooking gas. The furnace, water heater and roof are only a few years old making the property a great rent and hold. Fabulous tax breaks with over $25k depreciation yearly while appreciation has been 3.5%. Don’t let the current interest rates hold you back as the interest is all tax deductible with all predictions of rates moving much lower shortly. Secure the assets then worrying about your rate. You are also protected by rental income as there is no rent control. 2 units with leases until 5 -2923 paying fair rent that could be raised to be more in alignment with this sought after multi unit property. Close and walking distance to train station and downtown. Contact owner only with pre- approval letter and prof of funds

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Radiant, Gas
    Cooling
    • Wall
    Appliances
    • Included: Dishwasher, Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Tile, Carpet, Hardwood, Linoleum / Vinyl
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,900 sqft

    Property

    Parking
    • Total spaces: 3
    Lot
    • Size: 4,499 Square Feet
    Details
    • Parcel number: 1300234000000009

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1932

    Community & HOA

    Location
    • Region: Rahway

    Financial & listing details

    • Price per square foot: $223/sqft
    • Tax assessed value: $163,500
    • Annual tax amount: $12,107

    Price history

    DateEventPrice
    3/15/2023Listing removed--
    Source: Owner Report a problem
    12/16/2022Listed for sale$799,000-2.8%$205/sqft
    Source: Owner Report a problem
    12/4/2022Listing removed--
    Source: Owner Report a problem
    10/5/2022Listed for sale$822,000-3.2%$211/sqft
    Source: Owner Report a problem
    9/13/2022Listing removed--
    Source: Owner Report a problem
    6/8/2022Listed for sale$849,000+113.3%$218/sqft
    Source: Owner Report a problem
    4/21/2004Sold$398,000+53.7%$102/sqft
    Source: Public Record Report a problem
    4/3/2003Sold$259,000+26.3%$66/sqft
    Source: Public Record Report a problem
    9/19/1995Sold$205,000$53/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,107 $163,500
    2024$12,107 +3.2%$163,500
    2023$11,726 +2.1%$163,500
    2022$11,481 +1%$163,500
    2021$11,365 +1.7%$163,500
    2020$11,179 +2.2%$163,500
    2019$10,943 $163,500
    2018$10,943 +4.8%$163,500
    2017$10,446 +1.1%$163,500
    2016$10,328 +1.8%$163,500
    2015$10,144 +2.6%$163,500
    2014$9,887 -19.5%$163,500 -23.3%
    2012$12,285 +12.4%$213,100
    2011$10,928 +4.7%$213,100
    2010$10,440 +3%$213,100
    2009$10,135 $213,100
    2008-- $213,100
    2007$9,771 $213,100
    2006-- $213,100
    2005-- $213,100
    2004-- $213,100
    2003-- $213,100
    2002-- $213,100
    2001-- $213,100
    Find assessor info on the county website

    Neighborhood: 07065

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $868,800
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    Estimated market value
    $868,800