Closed$375,000
TLC ≈ $3,307/mo
3 2 1,202 sqft
372 Prospect Street, South Amboy, NJ 08879
361 Prospect Street, Perth Amboy, NJ 08861
$999,999
0 beds 4 baths 2,868 sqft Built 19032 days on marketActive
About this home
Excellent investment opportunity at 361 Prospect St in Perth Amboy! This income-producing 3-family property offers a strong 8.6% CAP RATE with approximately $86, 568 in annual net income after taxes and maintenance. The property features three spacious residential units, 1 two bedroom 1 bath, 1 two bedroom 2 bath, and 1 four bedroom 1 bath, providing a desirable unit mix for investors. Additional income potential is provided by three detached garages that can be rented separately. Tenants are responsible for their own utilities, helping to keep operating expenses low. The property also offers a full basement with 8 foot ceilings, a full bathroom/storage space, public water and sewer, and convenient access to local shopping, transportation, schools, major roadways and the Perth Amboy waterfront. An attractive opportunity for investors seeking immediate cash flow with additional long-term upside. Owner will entertain SELLER FINANCING with a minimum 30% down payment, subject to acceptable terms and seller approval. Close on this property and just pick up your rent! A truly turnkey investment.
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
$6,942/mo
- Real estate (PITI + HOA + PMI)
- $6,752
- Utilities
- $632
- Transportation
- $145
- Other (entertainment)
- $158
Principal + interest$4,535
Property tax + insurance$1,842
PMI / 2nd mortgage$375
Heating + cooling$154
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$145
Budget$7,442/mo
Remaining after TLC$500/mo
Purchase price
$999,999
Down payment
$50,000 (5%)
Loan amount
$949,999
APR
4%
Quick facts
Type
3 Family
Style
—
Year built
1903
Lot size
0.1205 ac
Stories
2
Heating
Baseboard, Radiant, Forced Air
Cooling
A/C Wall Unit(s),A/C Window Unit(s)
Water
Public
HOA
—
Annual tax
$9,973
MLS #
2704726R
County
Middlesex
At a glance
Basement
Garage (3)
Home features
Appliances
Water Heater(Gas)Water Heater
Interior
Unit 1(2 Bedrooms1 Bath)Unit 2(2 Bedrooms2+ Baths)Unit 3(4 Bedrooms1 Bath)
Parking
GarageDetached1-2 Car Parking3-4 Car Parking
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, See Remarks
Neighborhood — 08861
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 46,782 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 20.00% | 14.00% | 20.00% |
| Population Density | 8,584 | 1,137 | — |
| Male | 23,392 | 4,307,827 | 147,432,321 |
| Female | 23,390 | 4,525,010 | 151,655,844 |
| Never Married | 12,523 | 1,965,811 | 63,775,926 |
| Married | 14,394 | 3,647,435 | 123,120,365 |
| Separated | 3,833 | 391,239 | 12,639,686 |
| Widowed | 2,051 | 515,172 | 15,467,586 |
| Divorced | 3,067 | 529,393 | 23,075,029 |
| Number Of House Hold | 14,307 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 3.23 | 2.73 | 2.60 |
| Medial Age | 31.78 | 37.15 | 35.46 |
| Median House Hold Income | $41,463 | $63,392 | $48,276 |
| Average House Hold Income | $52,403 | $83,312 | $63,629 |
| P C I | $16,734 | $30,662 | $24,529 |
| M D I | $36,156 | $52,505 | $41,133 |
| A T H E | $45,041 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 80.27% | 81.02% | 77.74% |
(Zip) Code
8861
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 9/17/2026. Provided courtesy of RE/MAX SELECT via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.