For sale

$1,075,000

361 Prospect St, Perth Amboy, NJ 08861

8beds

5baths

2,868sqft

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Multi Family

Built in 1903

-- sqft lot

$1,070,100 Zestimate^®

$375/sqft

$-- HOA

What's special

Shared driveway

Investor special! High-yield 3-family property in Perth Amboy offering exceptional cash flow at an attractive entry price. Property highlights: (3) Income-generating units (including a large 4-bedroom) (3) garages for added revenue Tenants pay all utilities = low expenses With $99K gross income and $86K NOI, this deal presents a rare opportunity to secure an 8% cap rate in a growing market. Ideal for: Investors seeking maximum cash flow Value-add buyers looking to increase rents over time Seller open to seller financing. Shared Driveway. AS IS, Buyer is responsible for CO. *Some photos are virtually enhanced)

92 days

424

10

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5

Heating

Central, See Remarks

Cooling

A/C Window Unit(s)

Appliances

Included: Water Heater(From Furnace, See Remarks, Gas), Water Heater

Features

Unit 1(2 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(4 Bedrooms, Kitchen, Living Room, 2+ Baths)
Basement: Partially Finished, Storage Space

Interior area

Total structure area: 2,868
Total interior livable area: 2,868 sqft

Video & virtual tour

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Property

Parking

Total spaces: 3
Parking features: Garage, Detached
Garage spaces: 3

Features

Stories: 2
Patio & porch: Patio, Enclosed, Porch
Exterior features: Patio, Porch(es) - Enclosed, Porch

Lot

Size: 5,248 Square Feet
Dimensions: 105.00 x 0.00
Features: Level

Details

Parcel number: 1600159000000004
Zoning: R-25

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1903

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Perth Amboy

Financial & listing details

Price per square foot: $375/sqft
Tax assessed value: $313,800
Annual tax amount: $9,972
Date on market: 3/27/2026
Ownership: Fee Simple
Lease term: Unit 1(Month-Month),Unit 2(Month-Month)

Estimated market value

$1,070,100

$1.02M - $1.12M

$2,537/mo

Price history

Date	Event	Price
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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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