1

New Providence, NJ Multifamily Home for Sale

Section Image
  • /45

    $1,345,000

    • 6 Beds
    • 8 Baths

    282 South St, New Providence, NJ 07974

    Welcome all investors! An opportunity to own a rare two-family home in TOP school district -sought-after New Providence, renovated in 2025 with a new roof, new hot water heater, new drains, and strong rental income. Currently tenant-occupied with a rent roll of $8,000"$9,000 per month, this property is perfect for both investors and owner-occupants seeking income while living in a prime location.

    ISHITA DALAL KELLER WILLIAMS VILLAGE SQUARE

    282 South St, New Providence, NJ 07974

Why Live in New Providence

New Providence, NJ, located about 30 miles west of New York City, is a suburban community known for its top-rated school system and a variety of housing options. The New Providence School District includes highly rated institutions such as Allen W. Roberts Elementary School, Salt Brook Elementary School, New Providence Middle School, and New Providence High School, all of which have received high marks. Housing in New Providence ranges from 1950s and 60s split-levels, Cape Cods, and ranch-style homes to larger colonial and new-traditional homes. The area is car-dependent with some sidewalks, and it has a low crime risk compared to the national average.

Residents enjoy numerous things to do, including swimming at the New Providence Community Pool, hiking at the nearby Watchung Reservation, and visiting Lincoln Park for sports and playground activities. The downtown area along Springfield Avenue and South Street features essential amenities like CVS, ACME Grocery Store, and fitness studios, as well as dining options such as Prestige Diner & Restaurant and Bakehouse By Joe Murphy. Commuters benefit from two local train stations and proximity to major hubs, with Manhattan 31 miles away and Newark Liberty International Airport 16 miles away. Community events throughout the year, such as the Earth Day Green Fair, Memorial Day Parade, and Downtown Fireworks, foster a strong sense of local pride and engagement.

Home Trends in New Providence, NJ

Housing Trends

Median Sale Price
$918,000
Median Single Family Sale Price
$920,000
Median Townhouse Sale Price
$1,157,000
Average Price Per Sq Ft
$527
Number of Homes for Sale
6
Last 12 months Home Sales
116
Months of Supply
0.60
Median List Price
$915,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home