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1300 Fulton St 8 Unit Apartment Building For Sale Rahway, NJ 07065
EXECUTIVE SUMMARY
This is an 8-unit one-bedroom turnkey asset located in downtown Rahway within walking distance to the train station. The property was fully gut renovated between 2021 and 2025 with all new interiors, appliances, and systems. Each unit has new LVT flooring, modern kitchens, and split HVAC systems with separate controls for the kitchen and bedroom. The roof was replaced in 2023, and a new French drain and storm drain system were added in 2025 resolving all prior water issues.
Fully leased except for one unit currently in lease up. Each unit is separately metered and fully electric with no gas. The property includes twelve parking spaces, approval for four EV charging spots with two dual stations, and basement laundry under a Hercules contract along with six tenant storage units.
Fully leased except for one unit currently in lease up. Each unit is separately metered and fully electric with no gas. The property includes twelve parking spaces, approval for four EV charging spots with two dual stations, and basement laundry under a Hercules contract along with six tenant storage units.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 8 | Building Size | 3,886 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.25/1,000 SF |
| Zoning | R2, Rahway City | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,886 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R2, Rahway City |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 13-00311-0000-00008 | Improvements Assessment | $230,500 |
| Land Assessment | $64,000 | Total Assessment | $294,500 |
PROPERTY TAXES
Parcel Number
13-00311-0000-00008
Land Assessment
$64,000
Improvements Assessment
$230,500
Total Assessment
$294,500
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1300 Fulton St
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