USANJRahway428 W Grand Ave
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428 W Grand Ave, Rahway

House

For Sale

$1,250,000

000

MLS® 4023260

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes $20,545
Days Active 0
Lot Size 
Approx. Age 1890
MLS® Number 4023260

Property Address: 428 W Grand Ave, RAHWAY, NJ, 07065-3416

Average square foot calculated using Size range provided by listing agent.

Description

PRICE IMPROVEMENT -- INCREASED CAP RATE ! 428-434 W Grand Avenue & 1689 Oliver Street in Rahway, NJ are two separate properties which may be sold separately. The property at 428-434 W Grand Ave includes both apartment rentals and storefronts. On the second floor, there are three apartment units: Unit 428, a 1-bedroom unit renting for $1, 075 per month; Unit 430, a 3-bedroom unit available on a month-to-month lease for $1, 800 per month and Unit 434, an owner-occupied 1-bedroom unit with an estimated rental value of $1, 200 per month. The first floor features two storefronts: Unit 428, a 300-square-foot space currently leased to a skincare business at $755 per month on a month-to-month basis, and Unit 434, a vacant restaurant space with a kitchen. The former tenant of Unit 434 was paying $2, 000 per month, with the new estimated rental rate set at $2, 500 per month. Restaurant equipment is included in the sale. The property at 1689 Oliver St is a fully occupied two-unit building situated on a 0.1327-acre lot. The first-floor unit, a 1-bedroom apartment, is rented for $1, 336 per month with a lease through September 2025. The second-floor unit, also a 1-bedroom, is rented for $1, 400 per month on a month-to-month lease. The landlord covers the heating costs for both units, which amounts to $900 per year, as there is a single furnace servicing both apartments. The total rental income for the property is $2, 736 per month, or $32, 832 annually. 7.3% CAP RATE !
MLS® Number4023260
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
Basement
DrivewaySee Remarks
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 26, 2026List Date
$1,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
428 W Grand Ave, Rahway,

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