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Sold for $540,000
    • $540,000

    725 New Market Ave, South Plainfield, NJ 07080

    4beds
    2baths
    1,530sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $692,100 Zestimate®
    $353/sqft
    $3,316 Estimated rent

    Home value

    $692,100

    $644,000 - $747,000

    $3,316/mo

    Zestimate® history
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    $3,316/mo

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    $3,316/mo

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    $3,758/mo

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    $3,758/mo

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    What's special

    Discover an outstanding investment opportunity with tis charming two-family residence, ideally situated in the vibrant heart of South Plainfield. This two-unit home is meticulous and well-maintained that features two spacious units that are currently rented, with each offering 2 bedrooms and 1 bathroom, providing immediate rental income. Each unit showcases bright, inviting living spaces, well-appointed kitchens, and comfortable bedrooms, ensuring an excellent living experience for tenants. The home sits on a generous L-shaped lot, offering ample potential to enhance its value by adding a garage and driveway with access from the side street. This two-unit home also boasts 2 newer Navien tankless water heaters providing instant hot water to each apartment. Perfectly positioned near top-rated schools, shopping centers, and within a minute from a beautiful dog park, this property combines convenience with a strong community atmosphere. Whether you're an investor seeking a high-yield rental property or a homeowner looking to live in one unit while renting out the other, this versatile home is an excellent choice. This unique property is nestled on one of the largest lots that a multi family home can offer with potential of increasing its square footage in the future and with lots of opportunities to also increase its value and income. Don't miss out on this incredible opportunity schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    SIGNATURE REALTY NJ 973-921-1111

    Source: All Jersey MLS,MLS#: 2508925RMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Hot Water
    Cooling
    • A/C Window Unit(s), Attic Fan, Unit 1(A/C Unit), Unit 2(A/C Unit)
    Appliances
    • Included: Water Heater(Electric), Water Heater, Unit 1(Dryer, Refrigerator, Washer), Unit 2(Dryer, Refrigerator, Washer)
    Features
    • Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room)
    • Basement: Full, Storage Space, Divided Use, Laundry Facilities
    Interior area
    • Total structure area: 1,530
    • Total interior livable area: 1,530 sqft

    Property

    Parking
    • Parking features: Detached, 4(+)Car Parking
    • Has garage: Yes
    Features
    • Stories: 2
    Lot
    • Size: 4,599 Square Feet
    • Dimensions: 100.00 x 46.00
    • Features: Irregular Lot
    Details
    • Parcel number: 2200315000000026
    • Zoning: R10

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1928

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: South Plainfield

    Financial & listing details

    • Price per square foot: $353/sqft
    • Tax assessed value: $113,000
    • Annual tax amount: $7,546
    • Date on market: 2/5/2025
    • Ownership: Fee Simple
    • Lease term: Unit 1(Month-Month),Unit 2(Month-Month)
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    9/22/2025Sold$540,000+0.9%$353/sqft
    Source: All Jersey MLS #2508925R Report a problem
    4/2/2025Contingent$534,999$350/sqft
    Source: All Jersey MLS #2508925R Report a problem
    4/2/2025Pending sale$534,999$350/sqft
    Source: GSMLS #3944445 Report a problem
    3/11/2025Price change$534,999-2.7%$350/sqft
    Source: GSMLS #3944445 Report a problem
    2/5/2025Listed for sale$549,999+19.6%$359/sqft
    Source: All Jersey MLS #2508925R Report a problem
    3/14/2022Listing removed--
    Source: GSMLS #3757370 Report a problem
    2/2/2022Price change$460,000-4.2%$301/sqft
    Source: GSMLS #3757370 Report a problem
    1/2/2022Listed for sale$480,000+39.1%$314/sqft
    Source: GSMLS #3757370 Report a problem
    9/4/2020Listing removed$1,500$1/sqft
    Source: ERA SUBURB REALTY #3659081 Report a problem
    8/27/2020Listed for rent$1,500$1/sqft
    Source: ERA SUBURB REALTY #3659081 Report a problem
    1/22/2020Listing removed$1,500$1/sqft
    Source: SUBURB REALTY AGENCY #2008040 Report a problem
    11/15/2019Listed for rent$1,500$1/sqft
    Source: SUBURB REALTY AGENCY #2008040 Report a problem
    10/4/2019Sold$345,000-6.7%$225/sqft
    Source: GSMLS #3515809 Report a problem
    6/29/2019Pending sale$369,900$242/sqft
    Source: EXP REALTY, LLC #1910983 Report a problem
    6/13/2019Listed for sale$369,900$242/sqft
    Source: EXP REALTY, LLC #1910983 Report a problem
    5/3/2019Pending sale$369,900$242/sqft
    Source: EXP REALTY, LLC #1910983 Report a problem
    4/1/2019Price change$369,900-5.1%$242/sqft
    Source: EXP REALTY, LLC #1910983 Report a problem
    12/5/2018Price change$389,900-4.9%$255/sqft
    Source: EXP REALTY, LLC #1910983 Report a problem
    11/14/2018Listed for sale$409,900+355.4%$268/sqft
    Source: EXP REALTY, LLC #1910983 Report a problem
    12/20/2017Sold$90,000+1.1%$59/sqft
    Source: Public Record Report a problem
    8/4/2017Listing removed$89,000$58/sqft
    Source: BARROOD REAL ESTATE #1800045 Report a problem
    6/28/2017Listed for sale$89,000-63.4%$58/sqft
    Source: Homepath Report a problem
    3/23/2017Listing removed$243,046+73.6%$159/sqft
    Source: Auction.com Report a problem
    3/4/2017Listed for sale--
    Source: Auction.com Report a problem
    6/6/2000Sold$140,000+16%$92/sqft
    Source: Public Record Report a problem
    1/3/1996Sold$120,700$79/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,890 $113,000
    2024$7,890 +4.6%$113,000
    2023$7,546 +1.3%$113,000
    2022$7,452 +2.4%$113,000
    2021$7,277 +1.5%$113,000
    2020$7,171 +17.8%$113,000 +10.1%
    2019$6,086 $102,600
    2018$6,086 +2.3%$102,600
    2017$5,948 +1.8%$102,600
    2016$5,845 +3%$102,600
    2015$5,677 +2.7%$102,600
    2014$5,527 +2.7%$102,600
    2013$5,380 +2.5%$102,600
    2012$5,247 +4.6%$102,600
    2011$5,014 -2.6%$102,600
    2010$5,148 +7.5%$102,600
    2009$4,789 $102,600
    2008-- $102,600
    2007$16,828 +12.2%$102,600
    2006$15,004 +6.2%$102,600
    2005$14,125 $102,600
    2004-- $102,600
    2003-- $102,600
    2002-- $102,600
    2001-- $102,600
    Find assessor info on the county website

    Neighborhood: 07080

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    Estimated market value
    $692,100
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    Estimated market value
    $692,100

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