The median home value in South Plainfield, NJ is $540,000.
This is
higher than
the county median home value of $387,750.
The national median home value is $308,980.
The average price of homes sold in South Plainfield, NJ is $540,000.
Approximately 80% of South Plainfield homes are owned,
compared to 17% rented, while
3% are vacant.
South Plainfield real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact South Plainfield real estate agent to arrange a tour
today!
Learn more about South Plainfield Real Estate.
INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7,100 a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for $1,775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1,525 and $1,425. In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for $1,525. All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85,200 and expenses are $26,836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection & Monitoring)
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