Closed$580,000
TLC ≈ $5,161/mo
3 3 1,580 sqft
406 S 1st Avenue S, Highland Park, NJ 08904
321 Raritan Avenue, Highland Park, NJ 08904
$939,900
0 beds 2 baths 2,420 sqft0 days on marketActive
About this home
**Prime Multi-Use Commercial & Investment Opportunity!** Unlock the potential of this versatile **multi-use/commercial property** offering a unique combination of income-producing space and future expansion opportunities. The property features **two existing units**, making it an excellent opportunity for an investor, owner-user, or entrepreneur looking to maximize the use of the building. The **upper level** offers a spacious **3-bedroom, 1-bath residential unit**, currently occupied by tenants with an existing **24-month lease**, providing immediate rental income and stability. The **lower level** is currently configured as professional **office space and is occupied by a dental office**, creating an additional income-producing component and adding flexibility for a variety of professional uses. Looking to expand? The **potential third-floor unit** offers an exciting opportunity to finish additional living or working space, subject to applicable zoning, permits, and approvals. An **unfinished basement** provides valuable additional space that can be utilized for storage, inventory, equipment, or other business needs. With multiple income streams, existing tenants, commercial functionality, and significant potential for future expansion, this property offers **flexibility, income, and opportunity in one package**. Whether you're an investor seeking cash flow or an owner-user looking for a property with room to grow, this is an opportunity worth exploring!
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 4% APR.
Your estimated payment
$7,157/mo
- Real estate (PITI + HOA + PMI)
- $6,979
- Utilities
- $609
- Transportation
- $129
- Other (entertainment)
- $143
Principal + interest$4,263
Property tax + insurance$2,364
PMI / 2nd mortgage$352
Heating + cooling$150
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$129
Budget$7,657/mo
Remaining after TLC$500/mo
Purchase price
$939,900
Down payment
$46,995 (5%)
Loan amount
$892,905
APR
4%
Quick facts
Type
Commercial
Style
—
Year built
—
Lot size
0.1561 ac
Stories
2
Heating
Zoned, Forced Air
Cooling
Zoned
Water
Public
HOA
—
Annual tax
$17,106
MLS #
2703461R
County
Middlesex
Home features
Appliances
Refrigerator
Parking
Parking LotDrivewayOn SiteOn StreetOpen
Flooring
Carpet
Roof
Asphalt
Sewer
Public Sewer
Lot features
Near Public Transit, Near Shopping, Business District, Commercial Area
Neighborhood — 08904
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 13,821 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 5.00% | 14.00% | 20.00% |
| Population Density | 7,135 | 1,137 | — |
| Male | 6,759 | 4,307,827 | 147,432,321 |
| Female | 7,062 | 4,525,010 | 151,655,844 |
| Never Married | 3,459 | 1,965,811 | 63,775,926 |
| Married | 5,822 | 3,647,435 | 123,120,365 |
| Separated | 431 | 391,239 | 12,639,686 |
| Widowed | 613 | 515,172 | 15,467,586 |
| Divorced | 840 | 529,393 | 23,075,029 |
| Number Of House Hold | 5,681 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.43 | 2.73 | 2.60 |
| Medial Age | 35.70 | 37.15 | 35.46 |
| Median House Hold Income | $65,051 | $63,392 | $48,276 |
| Average House Hold Income | $86,524 | $83,312 | $63,629 |
| P C I | $35,667 | $30,662 | $24,529 |
| M D I | $53,899 | $52,505 | $41,133 |
| A T H E | $63,672 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 86.06% | 81.02% | 77.74% |
(Zip) Code
8904
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 8/27/2026. Provided courtesy of HALO REALTY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.