Price cut
$775,000
6 bd · 3 ba · 2,738 sqft · 9,148 sqft lot
201 W Union Ave, Bound Brook, NJ 08805
Multi-family · Built 1885 · $283/sqft ·
$5,003/mo est. payment
- Stories
- 3
About this home
"Exceptional Investment Opportunity in Bound Brook" This handsome 3-family building offers great curb appeal and presents an excellent opportunity for investors looking to maximize rental income. The current owners valued their long-standing relationships with their tenants and as a result, chose not to increase rents over the many years of their tenancy. Consequently, the current rents are significantly below potential market levels, offering a new owner the opportunity to realize increased income. Based on estimated potential rents, the 3 bedroom apartment could command approximately $3200 per month, the 2-bedroom approximately $2800 per month, and the studio apartment approximately $900-$975 per month. A property with 3 separate rental units and all separate utilities except water, makes this a compelling investment to consider. Whether you are an experienced investor expanding your portfolio or looking for a multi-unit property with income potential, this Bound Brook property deserves your attention!!! It is conveniently located near shopping, schools, restaurants, major commuter routes, buses and train station. All appliances are in as is condition! Current tenants are month to month.
Facts and features
Bedrooms
- Bedrooms: 6
Other Rooms
- Total Rooms: 12
- Basement Description: Bilco-Style Door, Full, Unfinished
Bathrooms
- Total Bathrooms: 3.00
- Full Bathrooms: 3
Interior Features
- Carbon monoxide detector
- Carpeting
- Fire extinguisher
- Smoke detector
Heating and Cooling
- Cooling Features: Central Air, Wall A/C Unit(s), Window A/C(s)
- Heating Features: 3 Units, Baseboard - Electric, Forced Hot Air, Radiators - Steam
- Heating Fuel: Electric, Gas-Natural
- Heating: Yes
Exterior and Lot Features
- Curbs
- Open porch(es)
- Sidewalk
- Porch: Yes
Land Info
- Lot Description: Corner, Level Lot
- Lot Size Acres: 0.21
- Lot Size Dimensions: 71X130
- Lot Size Square Feet: 9148
Garage and Parking
- Driveway: Crushed Stone, Driveway-Exclusive, Parking Lot-Shared
- Parking Total: 8
Schools
- 2
Bound Brook High School
high · 9-12 · 0.1 mi
- 4
Smalley Elementary School
elementary · 4-6 · 0.2 mi
Green Brook Academy
middle · 8-12 · 0.3 mi
- 6
Community Middle School
middle · 7-8 · 0.5 mi
Lafayette Elementary School
elementary · 2-3 · 0.3 mi
Lamonte School Annex
elementary · K-1 · 0.3 mi
Price history
- Oct 30, 2026 · Listed$775,000
- Jan 31, 2020 · Listing Removed—
- Dec 28, 2019 · Listed For Rent$850
- Dec 12, 2018 · Listing Removed—
- Nov 15, 2018 · Price Changed For Rent$750
- Nov 1, 2018 · Listed For Rent$850
- Jul 2, 1986 · Sold$221,100
Tax history
- 2026$12,769 tax · $587,900 assessed
- 2025$12,440 tax · $587,900 assessed
- 2024$12,034 tax · $563,700 assessed
- 2023$11,398 tax · $483,400 assessed
- 2022$11,432 tax · $459,500 assessed
- 2021$11,703 tax · $415,900 assessed
- 2020$11,489 tax · $372,200 assessed
- 2019$11,724 tax · $362,200 assessed
Where it is
Listed by Maria Lewis · Keller Williams Towne Square Realty · GardenState
