Excellent investment opportunity at 361 Prospect St in Perth Amboy! This income-producing 3-family property offers a strong 8.6% CAP RATE with approximately $86,568 in annual net income after taxes and maintenance. The property features three spacious residential units, 1 two bedroom 1 bath, 1 two bedroom 2 bath, and 1 four bedroom 1 bath, providing a desirable unit mix for investors. Additional income potential is provided by three detached garages that can be rented separately. Tenants are responsible for their own utilities, helping to keep operating expenses low. The property also offers a full basement with 8 foot ceilings, a full bathroom/storage space, public water and sewer, and convenient access to local shopping, transportation, schools, major roadways and the Perth Amboy waterfront. An attractive opportunity for investors seeking immediate cash flow with additional long-term upside. Owner will entertain SELLER FINANCING with a minimum 30% down payment, subject to acceptable terms and seller approval. Close on this property and just pick up your rent! A truly turnkey investment.
For sale
$999,999
361 Prospect St, Perth Amboy, NJ 08861
8beds
4baths
2,868sqft
Multi Family
Built in 1903
-- sqft lot
$640,300 Zestimate®
$349/sqft
$-- HOA
What's special
Three spacious residential units
- 15 days
- 310
- 14
Zillow last checked:
Listing updated:
Listed by:
ZACHARY DURSO 732-710-1400,
RE/MAX SELECT,
JANICE CERASANI 732-236-1239,
RE/MAX SELECT
Source: All Jersey MLS,MLS#: 2704726R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Radiant, Forced Air
Cooling
- A/C Wall Unit(s), A/C Window Unit(s)
Appliances
- Included: Water Heater(Gas), Water Heater
Features
- Unit 1(2 Bedrooms, 1 Bath), Unit 2(2 Bedrooms, 2+ Baths), Unit 3(4 Bedrooms, 1 Bath)
- Basement: Full, Bath Full
Interior area
- Total structure area: 2,868
- Total interior livable area: 2,868 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage, Detached, 1-2 Car Parking, 3-4 Car Parking
- Garage spaces: 3
Features
- Stories: 2
Lot
- Size: 5,248 Square Feet
- Dimensions: 105.00 x 0.00
- Features: Near Shopping, See Remarks
Details
- Parcel number: 1600159000000004
- Zoning: R-25
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1903
Utilities & green energy
- Gas: Natural Gas, Oil
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Perth Amboy
Financial & listing details
- Price per square foot: $349/sqft
- Tax assessed value: $313,800
- Annual tax amount: $9,973
- Date on market: 9/17/2026
- Ownership: Fee Simple
Estimated market value
$640,300
$551,000 - $736,000
$3,363/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $999,999-2.9%$349/sqft |
Source:  All Jersey MLS #2704726R Report a problem | ||
| 9/17/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/29/2026 | Listed for sale | $1,030,000-4.2%$359/sqft |
Source: Owner Report a problem | ||
| 7/1/2026 | Listing removed | $1,075,000$375/sqft |
Source: eXp Realty #2612858R Report a problem | ||
| 3/27/2026 | Listed for sale | $1,075,000+377.8%$375/sqft |
Source: All Jersey MLS #2612858R Report a problem | ||
| 11/26/2025 | Listing removed | $2,850$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 11/10/2025 | Listed for rent | $2,850$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 11/10/2025 | Listing removed | $2,850$1/sqft |
Source:  GSMLS #3990582 Report a problem | ||
| 10/8/2025 | Listed for rent | $2,850$1/sqft |
Source: GSMLS #3990582 Report a problem | ||
| 10/8/2025 | Listing removed | $2,850$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 10/3/2025 | Listed for rent | $2,850+23.9%$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 8/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/8/2024 | Listed for rent | $2,300-22%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/10/2024 | Listed for rent | $2,950+47.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/2/2019 | Listing removed | $2,000$1/sqft |
Source: Owner Report a problem | ||
| 5/14/2019 | Listed for rent | $2,000$1/sqft |
Source: Owner Report a problem | ||
| 9/30/2009 | Sold | $225,000-37.5%$78/sqft |
Source: Public Record Report a problem | ||
| 5/7/2004 | Sold | $360,000+102.8%$126/sqft |
Source: Public Record Report a problem | ||
| 1/21/2000 | Sold | $177,500+10.9%$62/sqft |
Source: Public Record Report a problem | ||
| 6/29/1998 | Sold | $160,000$56/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,467 +12.8% | $313,800 +12.8% |
| 2024 | $8,396 +0.2% | $278,300 |
| 2023 | $8,380 +1.2% | $278,300 |
| 2022 | $8,279 -0.1% | $278,300 |
| 2021 | $8,291 | $278,300 |
| 2020 | -- | $278,300 |
| 2019 | $8,246 +33.4% | $278,300 |
| 2018 | $6,180 -22.9% | $278,300 |
| 2017 | $8,015 -0.7% | $278,300 |
| 2016 | $8,071 -0.6% | $278,300 |
| 2015 | $8,121 +2.9% | $278,300 |
| 2014 | $7,895 -3.5% | $278,300 -9.7% |
| 2012 | $8,185 -18.7% | $308,300 |
| 2011 | $10,071 +3.7% | $308,300 -24.7% |
| 2010 | $9,715 +9% | $409,400 |
| 2009 | $8,913 | $409,400 |
| 2008 | -- | $409,400 |
| 2007 | $13,935 +1.2% | $409,400 +154.9% |
| 2006 | $13,766 +1.3% | $160,600 |
| 2005 | $13,584 +900% | $160,600 |
| 2004 | $1,358 | $160,600 |
| 2003 | -- | $160,600 |
| 2002 | -- | $160,600 |
| 2001 | -- | $160,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Southwestern
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