Closed$435,000
TLC ≈ $3,878/mo
3 2 1,152 sqft
1140 Saint John Street, Manville, NJ 08835
46 E Somerset Street E, Raritan, NJ 08869
$975,000
0 beds 0 baths 2,428 sqft Built 191023 days on marketActive
About this home
Nestled in the busy downtown Raritan Borough neighborhood, we have a fully leased but empty building with a paying tenant. 6.01% Cap Rate. You can literally make your renovations while collecting rent !! More details, new photos and drone footage coming soon. The building boasts 5 exam rooms, 10 parking spaces (1 is handicapped), a kitchen (Break Room), 2 bathrooms, basement, attic - original hardwood floors upstairs. Offices and storage galore !
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$8,514/mo
- Real estate (PITI + HOA + PMI)
- $8,368
- Utilities
- $607
- Transportation
- $112
- Other (entertainment)
- $143
Principal + interest$6,281
Property tax + insurance$1,721
PMI / 2nd mortgage$366
Heating + cooling$149
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$112
Budget$9,014/mo
Remaining after TLC$500/mo
Purchase price
$975,000
Down payment
$48,750 (5%)
Loan amount
$926,250
APR
7.19%
Quick facts
Type
Commercial
Style
—
Year built
1910
Lot size
0.186 ac
Stories
2
Heating
Radiant, Electric Filter, Forced Air, Hot Water
Cooling
None
Water
Public
HOA
—
Annual tax
$9,000
MLS #
2603671R
County
Somerset
Home features
Interior
CarpetingDropped CeilingLighting FixturesPaneling
Parking
DrivewayOn SiteLightedPaved
Security
Panic Alarm
Flooring
Carpet, Parquet, Wood, Dropped Ceiling, Lighting Fixtures, Paneling
Roof
Composition
Sewer
Public Sewer
Lot features
Near Train, Business District, Highway Commercial, Level
Neighborhood — 08869
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 7,018 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 21.00% | 14.00% | 20.00% |
| Population Density | 3,237 | 1,137 | — |
| Male | 3,394 | 4,307,827 | 147,432,321 |
| Female | 3,624 | 4,525,010 | 151,655,844 |
| Never Married | 1,338 | 1,965,811 | 63,775,926 |
| Married | 3,130 | 3,647,435 | 123,120,365 |
| Separated | 275 | 391,239 | 12,639,686 |
| Widowed | 452 | 515,172 | 15,467,586 |
| Divorced | 485 | 529,393 | 23,075,029 |
| Number Of House Hold | 2,794 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.51 | 2.73 | 2.60 |
| Medial Age | 38.09 | 37.15 | 35.46 |
| Median House Hold Income | $59,193 | $63,392 | $48,276 |
| Average House Hold Income | $76,316 | $83,312 | $63,629 |
| P C I | $30,526 | $30,662 | $24,529 |
| M D I | $49,157 | $52,505 | $41,133 |
| A T H E | $58,590 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 92.45% | 81.02% | 77.74% |
(Zip) Code
8869
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 9/3/2025. Provided courtesy of ACTION PLUS REALTY C-21 via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.