17
Map
$274,900
●
House -
For Sale
45 Mechanic St
Washington Boro, NJ 07882
2 Beds
2 Baths
$1,580
Est. Monthly
About This Property
WOW! An affordable opportunity in Washington Borough! Offered under
$275,000 with taxes under $3,000, this renovated home delivers
compelling value and the seller is willing to contribute toward an
interest rate buydown, subject to lender approval and agreed terms.
bedroom, 2-full-bath home offers a move-in-ready opportunity close
to Washington Borough's downtown. Renovated in 2025, the home
features an eat-in kitchen, a full basement with laundry, a deck,
and a stream on the property. Enjoy local businesses, seasonal
farmers' market activity, community events, and the historic
Washington Theater as part of the borough's small-town appeal.
Video tour available!
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
1910
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 days ago (GSMLS #4054821)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by ADDISON REAL ESTATE | $274,900 | |
| Listed by ADDISON REAL ESTATE | |||
| Nov 11, 2025 | Listed | $239,000 | |
| Listed | |||
| | |||
|
Welcome to this beautifully renovated single property with low taxes! This home features 2 spacious bedrooms and 2 full bathrooms with a complete spacious yard. Step inside to discover an open-concept layout that seamlessly connects the living area to a modern kitchen, designed with stylish finishes and contemporary details. The master bedroom offers a generous walk-in closet, providing both comfort and convenience. Recent updates include a brand new oil tank, electrical system, and plumbing, ensuring peace of mind for years to come. This property is ideally located near schools, shops, parks and major routes, this home combines modern living with everyday convenience.
| |||
| Sep 13, 2025 | Listed | $274,995 | |
| Listed | |||
| | |||
|
Welcome to this beautifully renovated single property with low taxes! This home features 2 spacious bedrooms and 2 full bathrooms with a complete spacious yard. Step inside to discover an open-concept layout that seamlessly connects the living area to a modern kitchen, designed with stylish finishes and contemporary details. The master bedroom offers a generous walk-in closet, providing both comfort and convenience. Recent updates include a brand new oil tank, electrical system, and plumbing, ensuring peace of mind for years to come. This property is ideally located near schools, shops, parks and major routes, this home combines modern living with everyday convenience.
| |||
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 8, 2025 | In contract | - | |
| In contract | |||
Property Highlights
Interior Details
Full Bathrooms: 2
Appliances: Dryer, Refrigerator, Carbon Monoxide Detector, Range/Oven-Electric
Rooms: 4
Basement: Full
Exterior Details
Security Features: Smoke Detector, Carbon Monoxide Detector(s)
Architectural Style: Custom Home
Year Built: 1921
Construction Materials: See Remarks
Patio and Porch Features: Deck
Lot Features: Level Lot, Stream On Lot
Lot Size Area: 1742.4
Lot Size Units: Square Feet
Lot Size Acres: 0.04
Lot Size Square Feet: 1742.4
Water Source: Public
Financial Details
Tax Assessed Value: $46,900
Tax Annual Amount: $2,762
Utilities Details
Cooling Type: None
Heating Type: 1 Unit, Baseboard - Hotwater
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Washington
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Last Updated: 3 days ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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