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Sold for $675,000
  • $675,000

    59 W Hazelwood Ave, Rahway, NJ 07065

    8beds
    4baths
    2,974sqft
    Multi Family
    Built in 1870
    -- sqft lot
    $777,200 Zestimate®
    $227/sqft
    $4,462 Estimated rent

    Home value

    $777,200

    $723,000 - $832,000

    $4,462/mo

    Zestimate® history
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    $4,462/mo

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    $4,797/mo

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    What's special

    Downtown restaurantsExtra half bathLaundry facilities
    Welcome to this captivating and well-maintained 3-family residence situated on a picturesque sycamore lined street in the heart of Rahway, NJ. Boasting a prime location within a short distance to the New York City train and downtown restaurants, this property offers an exceptional opportunity for savvy investors and homebuyers looking for a profitable and convenient living experience. Fantastic Rental History: This multi-family gem comes with a track record of long-term tenants who have taken great care of their living spaces, providing you with a steady and reliable income stream from day one. The rental history is a testament to the property's appeal and desirability, making it an ideal investment in the competitive rental market. 3 unit building (3bdrms,2 bdrms, 1 bdrm)Timeless Elegance: The moment you step inside, you will be captivated by the classic charm and elegance of this residence. The stunning spiral mahogany staircase serves as a centerpiece.Individual Heating Systems: One of the notable features of this property is the presence of three separate heating systems.Abundant Parking: With parking space for up to 6 cars..Awe-Inspiring Skylights infusing the living spaces with natural brightness, creating a warm and inviting atmosphere. Convenient Amenities: The property boasts laundry facilities, making daily chores a breeze for the tenants. Extra half bath in the basement adds a thoughtful touch of convenience to the occupants' daily routines. short

    Zillow last checked:

    Listing updated:

    Listed by:

    BRUCE PARKER,

    BEST REALTY 732-819-8895

    Source: All Jersey MLS,MLS#: 2405177RMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Radiators-Hot Water, Hot Water
    Cooling
    • None
    Appliances
    • Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
    Features
    • Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 4(1 Bedroom, Kitchen, 1 Bath, Living Room)
    • Basement: Full, Storage Space, Utility Room
    Interior area
    • Total structure area: 2,974
    • Total interior livable area: 2,974 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Detached
    • Garage spaces: 2
    Features
    • Stories: 3
    • Patio & porch: Deck
    • Exterior features: Deck, Yard
    Lot
    • Size: 0.27 Acres
    • Dimensions: 200.00 x 58.00
    • Features: Near Shopping, Near Train, Near Public Transit
    Details
    • Parcel number: 1300084000000025

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1870

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Rahway

    Financial & listing details

    • Price per square foot: $227/sqft
    • Tax assessed value: $198,100
    • Annual tax amount: $13,756
    • Date on market: 11/5/2023
    • Ownership: Fee Simple
    • Lease term: Unit 1(Month-Month)
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    3/1/2024Sold$675,000-3.4%$227/sqft
    Source: All Jersey MLS #2405177R Report a problem
    1/23/2024Pending sale$699,000$235/sqft
    Source: GSMLS #3860428 Report a problem
    12/21/2023Contingent$699,000$235/sqft
    Source: All Jersey MLS #2405177R Report a problem
    11/6/2023Listed for sale$699,000$235/sqft
    Source: GSMLS #3860428 Report a problem
    11/5/2023Pending sale$699,000$235/sqft
    Source: GSMLS #3860428 Report a problem
    11/5/2023Price change$699,000-3.6%$235/sqft
    Source: All Jersey MLS #2405177R Report a problem
    10/4/2023Pending sale$725,000$244/sqft
    Source: GSMLS #3860428 Report a problem
    8/27/2023Listed for sale$725,000+389.9%$244/sqft
    Source: GSMLS #3860428 Report a problem
    6/25/2001Sold$148,000$50/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,669 +1.1%$198,100 +1.1%
    2024$14,506 +3.2%$195,900
    2023$14,050 +2.1%$195,900
    2022$13,756 +1%$195,900
    2021$13,617 +1.7%$195,900
    2020$13,394 +2.2%$195,900
    2019$13,112 $195,900
    2018$13,112 +4.8%$195,900
    2017$12,516 +1.1%$195,900
    2016$12,375 +1.8%$195,900
    2015$12,154 +2.6%$195,900
    2014$11,846 +4.9%$195,900
    2012$11,294 +12.4%$195,900
    2011$10,046 +4.7%$195,900
    2010$9,597 +3%$195,900
    2009$9,317 $195,900
    2008-- $195,900
    2007$8,982 $195,900
    2006-- $195,900
    2005-- $195,900
    2004-- $195,900
    2003-- $195,900
    2002-- $195,900
    2001-- $195,900
    Find assessor info on the county website

    Neighborhood: 07065

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $777,200
    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
    $777,200