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204 Montrose Ave 4 Unit Apartment Building Offered at $1,450,000 at a 5.75% Cap Rate South Plainfield, NJ 07080
Executive Summary
Don't miss this turnkey multi-family investment located in a quiet, well-established neighborhood. This fully occupied 4-unit apartment building offers a strong CAP rate and consistent rental income from reliable, long-term tenants. Renovated in 2020, the property features updated interiors, modern finishes, and low-maintenance systems. Roof was done in 2020, HVAC and Hot water heater replaced on 2021. Plenty of parking spaces for tenants. With solid cash flow from day one, this is a perfect addition to any investor's portfolio!
Please Contact Sarah Lee at 201-618-6830
Please Contact Sarah Lee at 201-618-6830
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$104,940
|
$23.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,940
|
$23.53
|
| Taxes |
$14,599
|
$3.27
|
| Operating Expenses |
$7,000
|
$1.57
|
| Total Expenses |
$21,599
|
$4.84
|
| Net Operating Income |
$83,341
|
$18.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $104,940 |
| Annual Per SF | $23.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $104,940 |
| Annual Per SF | $23.53 |
| Taxes | |
|---|---|
| Annual | $14,599 |
| Annual Per SF | $3.27 |
| Operating Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.57 |
| Total Expenses | |
|---|---|
| Annual | $21,599 |
| Annual Per SF | $4.84 |
| Net Operating Income | |
|---|---|
| Annual | $83,341 |
| Annual Per SF | $18.69 |
Property Facts
| Price | $1,450,000 | Property Type | |
| Price Per Unit | $362,500 | Building Size | 4,460 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.75% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1869/2020 |
| Price | $1,450,000 |
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 4 |
| Property Type | |
| Building Size | 4,460 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1869/2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-00407-0000-00014 | Total Assessment | $209,100 |
| Land Assessment | $47,400 | Annual Taxes | $14,599 ($3.27/SF) |
| Improvements Assessment | $161,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
22-00407-0000-00014
Land Assessment
$47,400
Improvements Assessment
$161,700
Total Assessment
$209,100
Annual Taxes
$14,599 ($3.27/SF)
Tax Year
2025
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204 Montrose Ave
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