$625,000

425 John St Plainfield, NJ 07060

Estimated payment $3,907/month

Total Views 4,000
6 Beds
3 Baths
1,664 Sq Ft
$376 Price per Sq Ft

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. 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 ApartmentRoom rental is vacant but can be rented for $1700 a month. With the upstairs unit rented you will receive $6,226 a month $74,712 a year NET! **property to be sold as-is** **pictures are old pictures taken after renovation prior to the tenants moving in**

Listing Agent

Nicholas Boulton

EXP REALTY, LLC

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,899

Year Built

  • Built in 1931

Lot Details

  • 2,972 Sq Ft Lot
  • Lot Dimensions are 19.81x150

Interior Spaces

  • 1,664 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Gas Water Heater

Community Details

Overview

  • City/Plainfield Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,899

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0682
  • Lot Size: 19.81X150
  • Ownership: Fee Simple
  • Subdivision Name: City/Plainfield
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1931
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks), Unit 3 Owner Pays(See Remarks)
  • Has Basement: Full
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Interior Amenities: Unit 1(1 Bath,2 Bedrooms,Kitchen,See Remarks), Unit 2(1 Bath,3 Bedrooms,Living Room,See Remarks), Unit 3(1 Bath,1 Bedroom,Kitchen)
  • Living Area: 1664
  • Stories: 3

Exterior Features

  • Lot Features: See Remarks

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: See Remarks
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2972
  • Zoning: R-4

Rental Info

  • Lease Term: Unit 1(Month-Month)

Tax Info

  • Tax Annual Amount: 4899
  • Tax Year: 2024

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 For Sale $625,000 -- $376 / Sq Ft
Source: All Jersey MLS

Purchase History

Date Type Sale Price Title Company
Deed $200,000 None Available
Deed $35,500 --
Source: Public Records

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: Public Records

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Source: All Jersey MLS

MLS Number: 2561642M

All Jersey MLS

APN: 12-00501-0000-00041