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Sold on 11/20/2024

48 Riverview Ave E, Edison, NJ 08817

$584,000

Last sold 11/20/2024 for $550K

  • —

    bed

  • —

    bath

  • 960

    Sqft ($573/Sqft)

Multi-family not for sale
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About 48 Riverview Ave E

Property type Multi-family
Year built 1952
HOA fee $0/month
Lot size 5,001 Sqft
Movoto estimate
Rental estimate
Property description
Discover the perfect investment opportunity or ideal home for multi-generational living in Edison! This legal 2-family gem is just what you've been searching for. The first floor unit, now vacant and ready for you, boasts 2 cozy bedrooms, a full bath, and hardwood floors. The second unit also features 2 bedrooms and a full bath, currently occupied and generating $1,250 in rental income. Both units share a spacious basement, complete with two secure storage rooms and convenient laundry facilities. Each unit has separate utilities for added ease. Whether you're an investor, looking to live in one unit while renting the other, or seeking the perfect setup for extended family, this property offers endless possibilities. This is the first time it's available on the market, with a recently removed oil tank for added peace of mind. Don't miss out on this rare find!
Listed by
Listing Office - KELLER WILLIAMS ELITE REALTORS
Source: Central Jersey MLS - CJMLS mls logo
MLS#2502218R • last updated 1 year ago
Movoto checked Central Jersey MLS - CJMLS for data 16 minutes ago
Overview
Cooling/AC A/C Window Unit(s)
Heating Radiators-Hot Water
Virtual Tour N/A
SubType 2 Family
Living Area 960
Living Area Units Square Feet
Status Closed
MLS # 2502218R
Type Residential Income
Lot Size (Acres) 0.1148
Lot Size (SqFt) 5001
Prop Tax 7226
Year Built 1952
Interior
Total # Of Rooms 8
Basement Full, Exterior Entry, Storage Space, Divided Use, Tenant Use, Interior Entry, Laundry Facilities
Interior Features Unit 1(2 Bedrooms, Kitchen, 1 Bath, Den/Family Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Den/Family Room)
Appliances Water Heater(Gas)
Exterior
Roof Asphalt
Parking Desc On Street
Lot Dimensions 100 X 50
Lot Desc Near Shopping, Corner Lot, Level, Near Public Transit
Amenities / Utilities
Gas Natural Gas
Utilities Electricity Connected, Natural Gas Connected
Sewer/ Septic Public Sewer
Water Source Public
Location
County Middlesex
Zoning RB
APN 50029400000002104
Multifamily Details
Owner Pays Unit 1 Owner Pays(Electric, Water, Gas), Unit 2 Owner Pays(Electric, Water, Gas)
# of Separate Gas Meters 2
# of Separate Water Meters 2
# of Separate Electric Meters 2
$584K
Range: $513K-$654K
Last 30 days 
Rental est.: $1,529/month
Gross rent multiplier: 30.0
  • Nov 2024
    Public Records
  • Nov 20, 2024 Sold
    $550,000
  • Nov 2024
    mls logo MLS # 2502218R
  • Nov 4, 2024 Sold
    $550,000
  • Oct 10, 2024 Active
    —
  • Aug 19, 2024 Listed
    $550,000
  • Year Property taxes Tax assessment
  • 2023
    $7,224
    $122,000
  • 2022
    $7,226 +0.3%
    $122,000
  • 2021
    $7,202
    $122,000
  • 48 Riverview Ave E
    $550K
  • —
  • 08817
    $529K +1% y/y
  • Edison
    $650K +8% y/y
No chart available
Statistics calculated by Movoto

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4/10
Edison High School
public Grades 9-12
Edison Township Public School District
Source: GreatSchools.org © 2026. All rights reserved.

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