397 Rector Street

Sold on Oct 31, 2024

Map

$520,000

● Multifamily - Off Market

397 Rector Street

Perth Amboy, NJ 08861

Studio

0 Bath

$3,074

Est. Monthly

6.91%

Cap Rate

About This Property

Charming 2-family house for sale in Perth Amboy, NJ, offering a fantastic opportunity whether you want to live in one unit and rent the other unit. This well-maintained property features two bedrooms on each floor, providing comfortable living spaces for both units. Each floor is equipped with a well-appointed bathroom, ensuring convenience and privacy. The first floor boasts a welcoming formal living room, creating a cozy atmosphere for relaxation and entertaining. The eat-in kitchen is perfect for family meals and gatherings, providing a practical and functional space for culinary activities. The property includes a basement with convenient laundry facilities, adding to the overall convenience for the occupants. Take advantage of long driveway that fits 6+ cars While the existing structure holds value, the true potential lies in the land.

Unit Size

Days on Market

232 days

Land Size

0.11 acres

Price per sqft

Property Type

Multifamily

Property Taxes

$667

HOA Dues

Year Built

1909

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (CJMLS #2409027R)

Price History

Date / Event	Date	Event
Oct 31, 2024	Sold	Premium
Sold
Jul 8, 2024	In contract	-
In contract
Mar 6, 2024	Listed by LIM BANCES REALTY LLC	$490,000
Listed by LIM BANCES REALTY LLC
Sep 13, 1995	Sold to Maria Lopez, Martin Lopez	Premium
Sold to Maria Lopez, Martin Lopez

Property Highlights

Parking Details

Parking Features: 4(+)Car Parking

Interior Details

Interior Features: Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks)

Appliances: Water Heater(Gas), Water Heater

Rooms: 10

Basement: Full, Storage Space, Interior Entry, Laundry Facilities

Exterior Details

Sidewalk, Yard

PropertySubType: 2 Family

Stories (Total): 2

Lot Size Area: 0.1123

Lot Size Acres: 0.1123

Zoning: S-2A

Parcel Number: 1600139000000012

Water Source: Public

Financial Details

Tax Annual Amount: $8,009

Tax Year: $2,022

Utilities Details

Utilities: Electricity Connected, Natural Gas Connected

Cooling Type: A/C Window Unit(s)

Heating Type: Baseboard

Sewer : Public Sewer

Location Details

Community Features: Sidewalks

Comparables

542 Miller Street

Sold

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Stu

$435,000 Feb 6, 2024

$435,000 Jul 18, 2024

$437/mo

397 Rector Street #2

Sold

Multifamily

Stu

$490,000 Nov 30, -0001

$520,000 Oct 31, 2024

136 Pearl Place

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$559,900 Feb 20, 2024

$559,900 Apr 29, 2024

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$560,000 May 20, 2024

157 1st Street

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$419,000 Aug 8, 2024

$599/mo

347 Elm Street

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$499,000 Apr 12, 2024

$712/mo

325 Elm Street

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$621/mo

64 Commerce Street

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$569,000 Oct 25, 2024

$709/mo

520 Johnstone Street

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$415,000 Oct 7, 2024

$548/mo

355 High Street

Active

Multifamily

Stu

$539,999 Sep 18, 2024

$613/mo

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Owner	Listed By

Building Info

397 Rector Street 397 Rector Street, Perth Amboy, NJ 08861

2 Units for Sale

More about this Building

Want to find out who owns 397 Rector Street, Perth Amboy, NJ 08861? Get detailed property transactions here .

About Perth Amboy

Stats & Trends

Median Asking:

$429,000

Sale Price/ft²

$255

Below Asking

0.01%

Average Days on Market

Average Home Size

194 ft²

Average Home Age

84.1 years

Currently For Sale

36 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Listed by: LIM BANCES
LIM BANCES REALTY LLC
Last Updated: 4 months ago
Data Source: CJMLS , MLS# 2409027R

Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703