425 John St Plainfield, NJ 07060
Estimated payment $3,738/month
Highlights
- Porch
- Zoned Heating
- Baseboard Heating
About This Home
**LOW TAXES AND HIGH INCOME** **Property is a legal two family with a bonus attic space being rented out** Semi attached to another two family, which is 427 John St with a separate deeds. New 2023 remolded Updated Section 8 Multi Family Rental Property. Great ROI for investors portfolio to receive monthly guaranteed Passive Income. Section 8 Tenants pay their own utilities electric, Gas and even water. Camera Security System installed. 1 New Furnaces, 2 new Hot Water Heaters, New Kitchen Cabinets, Sink, Faucet, Fridge, Stove. New Gray Laminated Floors, New Windows, New Doors and Locks, New Paint, New Bathrooms, New Carpet, New Light Fixtures etc. RentsSection 8: 1st floor 2-Bedroom 1 Bathroom $1,926 a Month Standard Condition but Newly Remodel Cabinets, Sink and repaired plumbing.Section 8: 2nd floor 3-Bedroom 1 Bathroom $2,600 a Month. Newly Renovated Attic ApartmentRoom rental is vacant but can be rented at $1700 a month. Total rent role will be $6,000 a month once upstairs is rented $72,00 a year NET! **property being sold as-is** **pictures are old pictures taken after renovation prior to the tenants moving in**
Listing Agent
NICHOLAS BOULTON
EXP REALTY, LLC Brokerage Phone: 732-385-3799 Listed on: 05/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,898
Year Built
- Built in 1931 | Remodeled
Parking
- On-Street Parking
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Zoned Heating
- Baseboard Heating
- Electric Baseboard Heater
- Standard Electricity
- Gas Water Heater
Additional Features
- Basement Fills Entire Space Under The House
- Porch
Community Details
- Net Operating Income $64,700
Listing and Financial Details
- Assessor Parcel Number 2912-00501-0000-00041-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,899 | $56,100 | $11,400 | $44,700 |
| 2024 | $4,850 | $56,100 | $11,400 | $44,700 |
| 2023 | $4,850 | $56,100 | $11,400 | $44,700 |
| 2022 | $4,746 | $56,100 | $11,400 | $44,700 |
| 2021 | $4,704 | $56,100 | $11,400 | $44,700 |
| 2020 | $4,691 | $56,100 | $11,400 | $44,700 |
| 2019 | $4,691 | $56,100 | $11,400 | $44,700 |
| 2018 | $4,592 | $56,100 | $11,400 | $44,700 |
| 2017 | $4,480 | $56,100 | $11,400 | $44,700 |
| 2016 | $4,389 | $56,100 | $11,400 | $44,700 |
| 2015 | $4,259 | $56,100 | $11,400 | $44,700 |
| 2014 | $4,144 | $56,100 | $11,400 | $44,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | For Sale | $625,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | None Available | |
| Deed | $35,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $468,750 | New Conventional | |
| Closed | $414,000 | New Conventional | |
| Closed | $300,000 | Commercial | |
| Closed | $180,000 | Commercial |
Source: Garden State MLS
MLS Number: 3964641
APN: 12-00501-0000-00041
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