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39 Union Street

Carteret, NJ 07008

$799,000 $3,368/Mo

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Overview

Bed

Bath

2,124

Sqft

0.06

Acre(Lot)

Description

Rare opportunity to acquire a high-income-producing, fully occupied legal two-family property in Carteret. The majority of the home was rebuilt in 2023, with the original foundation dating back to 1907 retained. The seller invested extensively in the property with the intention of holding it as a long-term investment, completing major upgrades that include two NEW boilers / heating systems, COMPLETE new exterior siding, NEW windows, NEW electrical and plumbing systems, a partially upgraded roof, with 2 NEW kitchens and 4 NEW full baths. Both units received additional interior renovations in 2026, including NEW hardwood flooring throughout. The property offers a total of seven bedrooms and four full bathrooms, 2 kitchens with an open format concept, stable tenants with a consistent payment history, and EXCELLENT existing rental performance. Additional value-added features include TWO coin-operated laundry machines, a hardwired three-camera security system with, two separate basements providing substantial storage, and newer side- and backyard pavers. Located approximately half a block from a newly renovated park and turf field, the property also offers convenient access to shopping, schools, public transportation, and major roadways. This turnkey investment presents an OUTSTANDING opportunity for investors seeking immediate cash flow, tenant stability, and a substantially upgraded multifamily property in Middlesex County. The seller had planned to retain the property long term and is selling solely because the funds are needed for the new construction of a personal residence. Prior rental and payment history will be made available to QUALIFIED buyers.

Property Details

Property Type : Residential Income

Price : $799,000

AD Id : 87979050

MLS Id : 2700673R

Lot Size : 0.06 Acre

Living Area Size : 2,124

Year Built : 1907

County : Middlesex

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 4

Room Information

Rooms Total: 7 Has Basement: Yes Basement: Full, Storage Space
Interior Features

Storage Appliances: Gas Water Heater, Water Heater, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Baseboard Cooling: None

Building Information

Year Built: 1907 Building Area Total: 2124 Construction Materials: Vinyl Siding Stories: 2 Patio And Porch Features: Patio Private Pool: No

Lot Information

Lot Dimensions: 100.00 x 0.00 Main Square Feet: 0.0574 Acres Lot Size Acres: 0.0574 Lot Size Square Feet: 2500 Lot Description: See Remarks

Property Information

Subdivision: Mary N Shotwell Source Property Type: Residential Income Postal Code Plus 4: 3323 Zoning Description: Conform to Zoning Property SubType: Duplex Property Age: 119

Listing Price Information

Listing Price: $799000

Tax Information

Parcel Number: 0107603000000012 Tax Lot: 12 Tax Block: 7603 Tax Year: 2025 Annual Tax: $10266

Utility Information

See Remarks, Natural Gas Available
Location Information

Direction: Follow Gps WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
45 Leick Avenue, Carteret, NJ, 07008	$549,000	--	4	2,084	2,084 SqFt
128 Pershing Avenue, Carteret, NJ, 07008	$579,900	--	2	1,886	1,886 SqFt
51 Jeanette Street, Carteret, NJ, 07008	$649,999	--	3	1,629	1,629 SqFt
44 N Whittier Street, Carteret, NJ, 07008	$849,999	--	4	3,000	3,000 SqFt
72 Pulaski Avenue, Carteret, NJ, 07008	$575,000	--	2	1,540	1,540 SqFt
72 Pulaski Avenue, Carteret, NJ, 07008	$575,000	4	2	--
82 Pulaski Avenue, Carteret, NJ, 07008	$870,000	--	4	2,688	2,688 SqFt
31 Edwin Street, Carteret, NJ, 07008	$750,000	--	2	1,736	1,736 SqFt
125 Lincoln Avenue, Carteret, NJ, 07008	$650,000	--	1	2,176	2,176 SqFt
125 Lincoln Avenue, Carteret, NJ, 07008	$650,000	2	2	--

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ByOwner last updated this listing 07/15/2026 @ 19:04

MLS: 2700673R LISTED BY: BASANT PAL, REALTYMARK SELECT SOURCE: Central Jersey MLS