326 Elm St
Perth Amboy City, NJ 08861
Price: $999,999
GSMLS: 4015894Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 10
Baths: 4 Full
Garage: No
Year Built: 1890
Acres: 0.12
Property Tax: $14,393
Description
Open House Saturday 12PM–2PM.
VACANT AT CLOSING ? THE ULTIMATE VALUE-ADD 4-UNIT.Rare opportunity to acquire a prime 4-unit multi-family property delivered entirely vacant. Forget the hassle of inherited leases'this is a "clean slate" investment allowing you to set market rents from Day 1. With Perth Amboy 2-bedroom rentals trending at $2,300+, this asset is primed to generate over $110,000 in annual gross income.Perfect for the savvy investor, 1031 exchange, or an owner-occupant looking to live for free while the other three units pay the mortgage. Situated just minutes from the NJ Transit station and the thriving Waterfront district, this property is positioned for maximum appreciation and zero-day occupancy.Financials: Projected 6.8% Cap Rate.Ease of Entry: Ideal for FHA/VA financing since it will be delivered vacant.Location: High-demand rental pocket with 3% vacancy.Don't wait for a tenant to move out'start cash-flowing immediately. Sold strictly "as-is." Buyer responsible for CCO.General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
18
Basement:
Yes - Bilco-Style Door, Full
Interior:
n/a
Roof:
Flat
Exterior:
Vinyl Siding
Lot Size:
50X105
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Utilities
Heating:
Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Middlesex
Town:
Perth Amboy City
Neighborhood:
n/a
Financial Considerations
List Price:
$999,999
Tax Amount:
$14,393
Land Assessment:
$94,100
Build. Assessment:
$358,800
Total Assessment:
$452,900
Tax Rate:
3.18
Tax Year:
2025
Listing Information
MLS ID:
4015894
List Date:
03-21-2026
Days On Market:
19
Listing Broker:
LIVE REALTY
Listing Agent:
Oiluj Lopez
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: GreenbriarFoxRidge.com
