725 New Market Ave South Plainfield, NJ 07080
Estimated payment $3,592/month
Highlights
- Detached Garage
- Air Conditioning
- 2-minute walk to Ponytail Park
- South Plainfield High School Rated A-
- Hot Water Heating System
About This Home
Discover an outstanding investment opportunity with tis charming two-family residence, ideally situated in the vibrant heart of South Plainfield. This two-unit home is meticulous and well-maintained that features two spacious units that are currently rented, with each offering 2 bedrooms and 1 bathroom, providing immediate rental income. Each unit showcases bright, inviting living spaces, well-appointed kitchens, and comfortable bedrooms, ensuring an excellent living experience for tenants. The home sits on a generous L-shaped lot, offering ample potential to enhance its value by adding a garage and driveway with access from the side street. This two-unit home also boasts 2 newer Navien tankless water heaters providing instant hot water to each apartment. Perfectly positioned near top-rated schools, shopping centers, and within a minute from a beautiful dog park, this property combines convenience with a strong community atmosphere. Whether you're an investor seeking a high-yield rental property or a homeowner looking to live in one unit while renting out the other, this versatile home is an excellent choice. This unique property is nestled on one of the largest lots that a multi family home can offer with potential of increasing its square footage in the future and with lots of opportunities to also increase its value and income. Don't miss out on this incredible opportunity schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,546
Year Built
- Built in 1928
Lot Details
- 4,600 Sq Ft Lot
- Lot Dimensions are 100.00 x 46.00
- Irregular Lot
Parking
- Detached Garage
Interior Spaces
- 1,530 Sq Ft Home
- 2-Story Property
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
- Basement Storage
Utilities
- Air Conditioning
- Hot Water Heating System
- Water Heater
Community Details
Overview
- South Plainfield Park Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
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 |
|---|---|---|---|---|
| 2024 | $7,546 | $113,000 | $24,700 | $88,300 |
| 2023 | $7,546 | $113,000 | $24,700 | $88,300 |
| 2022 | $7,452 | $113,000 | $24,700 | $88,300 |
| 2021 | $7,277 | $113,000 | $24,700 | $88,300 |
| 2020 | $7,171 | $113,000 | $24,700 | $88,300 |
| 2019 | $6,247 | $102,600 | $24,700 | $77,900 |
| 2018 | $6,086 | $102,600 | $24,700 | $77,900 |
| 2017 | $6,008 | $102,600 | $24,700 | $77,900 |
| 2016 | $5,948 | $102,600 | $24,700 | $77,900 |
| 2015 | $5,845 | $102,600 | $24,700 | $77,900 |
| 2014 | $5,677 | $102,600 | $24,700 | $77,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Pending | -- | -- | -- |
| 03/10/2025 03/10/25 | Price Changed | $534,999 | -2.7% | -- |
| 02/06/2025 02/06/25 | For Sale | $549,999 | +59.4% | -- |
| 10/04/2019 10/04/19 | Sold | $345,000 | -15.8% | -- |
| 06/28/2019 06/28/19 | Pending | -- | -- | -- |
| 11/14/2018 11/14/18 | For Sale | $409,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $345,000 | Ats Title Agency | |
| Deed | $90,000 | Weichert Title Agency | |
| Sheriffs Deed | -- | None Available | |
| Deed | $140,000 | -- | |
| Deed | $120,700 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $332,042 | FHA | |
| Closed | $338,751 | FHA | |
| Previous Owner | $179,075 | FHA | |
| Previous Owner | $133,000 | No Value Available | |
| Previous Owner | $120,000 | FHA |
Source: All Jersey MLS
MLS Number: 2508925R
APN: 22-00315-0000-00026
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