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$1,590,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • Updated 9 days ago
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Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.

Full Property Details for 317 Richmond St

General

  • Price: $1,590,000
  • Taxes: $11,448 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3941348
  • Updated: 1/14/2025
  • Added to Site: 16 day(s) ago

Interior

  • Number of Rooms: 18

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 10

Location

  • County: Union
  • Driving Directions: 317 Richmond Street, Plainfield NJ

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: Forced Hot Air
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Architectural Style: 2-Two Story, 3-Three Story
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 1955

Unit Information

Unit 1

  • Unit Description: Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Dimensions: 29 x 100 IRR
  • Driveway/Sidewalk: On-Street Parking

Financial Considerations

  • Assessment Amount: $98,000
  • Land Assmt: $28,700
  • Tax Amount: $11,448
  • Tax Year: 2024

Disclosures and Reports

  • Block: 304
  • Lot Number: 13

Listed by Vri Homes

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Listing agent

— 317 Richmond St —

  • Vri Homes

800-531-2885

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 317 Richmond St

School District:Plainfield Public Schools District
RatingNameGradesDistance
3
Dewitt D. Barlow Elementary School
2 Farragut Rd, Plainfield, NJ 07062
K-50.5 mi
4
Maxson Middle School
920 E 7th St, Plainfield, NJ 07062
6-80.6 mi
1
Plainfield High School, Plainfield, NJ
950 Park Ave, Plainfield, NJ 07060
9-120.8 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 317 Richmond St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2025
Listed
$1,590,000
224.49%
MLS
7/09/2020
Sold
$490,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 317 Richmond St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,255
2%
$126,700
—
2022
$11,029
1%
$126,700
—
2022
$10,953
1%
$126,700
—
2021
$10,815
4%
$126,700
—
2018
$10,372
—
$126,700
—
2017
$10,362
2%
$126,700
—
2016
$10,128
5%
$126,700
—
2015
$9,619
-11%
$126,700
—
2019
$10,844
19%
$126,700
—
2013
$9,140
—
$126,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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317 Richmond St, Plainfield, NJ 07060 (MLS# 3941348) is a Multi-Family property with 4 units containing 10 bedrooms and 4 full bathrooms. 317 Richmond St is currently listed for $1,590,000 and was received on January 14, 2025. Want to learn more about 317 Richmond St? Do you have questions about finding other Multi-Family real estate for sale in Plainfield? You can browse all Plainfield real estate or contact a Coldwell Banker agent to request more information.

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