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Off market
  • $693,600

    506 Washington Ave, South Amboy, NJ 08879

    6beds
    2,393sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $693,600 Zestimate®
    $290/sqft
    $2,458 Estimated rent

    Home value

    $693,600

    $652,000 - $735,000

    $2,458/mo

    Zestimate® history
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    Owner options

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    $2,458/mo

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    $2,458/mo

    Rent Zestimate®

    Refinance and save

    $4,818/mo

    Est. payment

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    $4,818/mo

    Est. payment

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    What's special

    Amazing opportunity to own this great investment property. Both units are rented on month-to-month basis. Rental Potential $2,500 each unit/Annual $60,000. Cap Rate 7.5%. or rent one apartment and live in the other. Won't last! This two family house has transportation right in front bus to Woodbridge Center, Close to Major Highways - GS PKWY and Route 9, NJ TRANSIT TRAIN to NYC in 35 to 40 Mins, TRAIN to Jersey Shores such as Belmar Beach, Bradley Beach, PT. Pleasant Beach, Asbury Park and more, Ferry starting in the end of 2022, Raritan Bay and Park, Restaurants and Shops, Schools and House of Worship. Each unit consists of 3 full size bedrooms, 1 bath, Laundry - washer & dryer,EIK, Living room, Dining Room, both units have central air. 2nd Floor has wood-like tiled floors, updated kitchen with stainless steel appliances, wood cabinets, updated bathroom. First floor has the same layout needs some update. Full basement with its own entryway. Concrete driveway for 2 cars. This property is eligible for 5.875% interest rate with no PMI for qualified buyers.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric, Gas
    Cooling
    • Other
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 2,393 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Stucco
    Lot
    • Size: 2,234 Square Feet
    Details
    • Parcel number: 2000129000000011

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1910

    Community & HOA

    Location
    • Region: South Amboy

    Financial & listing details

    • Price per square foot: $290/sqft
    • Tax assessed value: $263,000
    • Annual tax amount: $8,440

    Price history

    DateEventPrice
    6/30/2023Sold$599,000$250/sqft
    Source: All Jersey MLS #2306049R Report a problem
    5/1/2023Listed for sale$599,000$250/sqft
    Source: GSMLS #3815717 Report a problem
    4/18/2023Contingent$599,000$250/sqft
    Source: All Jersey MLS #2306049R Report a problem
    3/11/2023Listed for sale$599,000$250/sqft
    Source: All Jersey MLS #2306049R Report a problem
    2/19/2023Pending sale$599,000$250/sqft
    Source: GSMLS #3815717 Report a problem
    2/19/2023Contingent$599,000$250/sqft
    Source: All Jersey MLS #2306049R Report a problem
    12/7/2022Price change$599,000-4.9%$250/sqft
    Source: All Jersey MLS #2306049R Report a problem
    11/2/2022Listed for sale$629,900+64.7%$263/sqft
    Source: GSMLS #3815717 Report a problem
    11/21/2020Listing removed$2,100$1/sqft
    Source: Keller Williams Realty Report a problem
    10/22/2020Listed for rent$2,100$1/sqft
    Source: Keller Williams Realty Report a problem
    8/12/2020Sold$382,500-1.9%$160/sqft
    Source: Public Record Report a problem
    4/14/2020Listing removed$2,100$1/sqft
    Source: Jordan Baris Inc, REALTORS Real Living #3622308 Report a problem
    3/2/2020Listed for rent$2,100$1/sqft
    Source: Homes By Preferred Realty Report a problem
    2/21/2020Sold$390,000-2.3%$163/sqft
    Source: All Jersey MLS #2006092 Report a problem
    11/7/2019Pending sale$399,000$167/sqft
    Source: DAVIS REALTORS #2006092 Report a problem
    10/8/2019Listed for sale$399,000+22.8%$167/sqft
    Source: DAVIS REALTORS #2006092 Report a problem
    1/26/2015Listing removed$325,000$136/sqft
    Source: New Jersey Realty, LLC #1501389 Report a problem
    7/27/2014Listed for sale$325,000$136/sqft
    Source: New Jersey Realty, LLC #1501389 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,440 $263,000
    2024$8,440 +3.9%$263,000
    2023$8,121 +5.2%$263,000
    2022$7,716 +1.7%$263,000
    2021$7,588 $263,000
    Find assessor info on the county website

    Neighborhood: 08879

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: South Amboy PS

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $693,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $693,600