Fully Occupied 12-Unit Apartment Building with Value-Add Potential

388-398 Union Street, Rahway, NJ 07065

Property Information

  • For Sale $2,800,000
  • Property Type Multi-Family
  • Property Size 9,480 SF
  • Units 12
  • Year Built 1968
  • Date Updated Apr 30, 2026

Description

Centrally located in Rahway and close to major highways, including Routes 1, 9, 27, the Garden State Parkway and less than a 1/2 mile to the Rahway Train Station and performing arts district. Within walking distance of shopping and Rahway River Park. Rahway offers various attractions like the Union County Performing Arts Center, the Rahway Public Library, and numerous art galleries and restaurants.Attractive, fully leased ±9,478 SF brick-faced apartment building situated on ±0.32 acres. Property features 12 well-maintained residential units.

Highlights

  • All units have both a front entrance and rear terrace
  • Building consists of twelve ±790 SF one bedroom, one bathroom apartments
  • Laundry facility and individual storage spaces on premise
  • Most apartments renovated with new bathrooms, kitchens and granite countertops
  • New appliances
  • Newly paved parking lot
  • Owners are NJ Licensed Real Estate Brokers
  • Property tax $35,404 (2025)
  • Quiet neighborhood with onsite and offsite parking
  • Recent renovations make upgraded units easy to turn over
  • Tenants pay all utilities, except for water

Contacts

Douglas Sitar

Sitar Realty Company

Location

Located at 388-398 Union Street, Rahway, NJ 07065, this property is part of the Rahway neighborhood and New Jersey market.

Contact Listing Broker
Douglas Sitar

Sitar Realty Company

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