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56-58 Main St 12 Unit Apartment Building For Sale South River, NJ 08882
Investment Highlights
- Situated along South River’s walkable Main Street with convenient access to local shops and dining.
- Located near public transportation with easy connectivity to major employment hubs in central New Jersey.
- Surrounded by established residential neighborhoods in a small-town downtown setting.
- Positioned within a stable Middlesex County market with consistent rental demand and long-term growth potential.
Executive Summary
THE INVESTMENT: 56-58 Main Street in South River, NJ is well-located mixed-use asset comprising 17 total units, including five ground-floor retail spaces and 12 residential apartments above. The property is centrally positioned in the heart of South River’s downtown business district.
OVERSIZED APARTMENTS: The residential component features generously sized layouts, including four 2-bedroom apartments, four 3-bedroom apartments, and four 4-bedroom apartments.
VALUE-ADD OPPORTUNITY: 56-58 Main Street presents an investor a cash flowing asset – with an attractive in-place cap rate – located in a municipality with no adopted rent control ordinance – providing 26% upside.
OVERSIZED APARTMENTS: The residential component features generously sized layouts, including four 2-bedroom apartments, four 3-bedroom apartments, and four 4-bedroom apartments.
VALUE-ADD OPPORTUNITY: 56-58 Main Street presents an investor a cash flowing asset – with an attractive in-place cap rate – located in a municipality with no adopted rent control ordinance – providing 26% upside.
Property Facts
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 12 | Building Size | 18,576 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1936 |
| Apartment Style | Low-Rise | Parking Ratio | 0.32/1,000 SF |
| Building Class | B | ||
| Zoning | B2 - Commercial | ||
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 18,576 SF |
| No. Stories | 3 |
| Year Built | 1936 |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | B2 - Commercial |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-00161-0000-00012 | Improvements Assessment | $1,741,000 |
| Land Assessment | $115,000 | Total Assessment | $1,856,000 |
Property Taxes
Parcel Number
23-00161-0000-00012
Land Assessment
$115,000
Improvements Assessment
$1,741,000
Total Assessment
$1,856,000
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56-58 Main St
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