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

For Sale

388-398 Union Street, Rahway, NJ 07065

This Rahway property for sale is located at 388-398 Union Street. The current listed sale price for Fully Occupied 12-Unit Apartment Building with Value-Add Potential is $2,800,000.

Contacts

Douglas Sitar

Sitar Realty Company

Property Details

  • Property Type Multi-Family
  • Property Size 9,480 SF
  • Units 12
  • Year Built 1968
  • Date Updated Apr 30, 2026
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.
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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

Attachments

Getting around

  • 77/100

    Walk Score ®

  • 46/100

    Transit Score ®

  • 84/100

    Bike Score ®

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Location

  • City Rahway, NJ
  • Neighborhood Rahway
  • Zip Code 07065
  • Market New Jersey

Points of Interest

  • Avenel

    2.52 miles

  • Woodbridge

    4.02 miles

  • Metropark

    4.19 miles

  • North Elizabeth

    5.91 miles

  • Terminal A

    6.82 miles

  • Taxi Newark Airport

    7.04 miles

  • P3

    7.05 miles

  • Plainfield

    7.51 miles

  • P4

    7.60 miles

  • Newark Liberty Airport

    7.73 miles

  • Exxon

    1.42 miles

  • Speedway

    1.64 miles

  • Delta

    1.74 miles

  • Shell

    1.98 miles

  • Greenspot

    2.42 miles

  • Sinclair

    2.45 miles

  • Tesla Supercharger

    2.63 miles

  • Luciano's Ristorante Parking

    0.50 miles

  • Rahway Transportation Center Parking Garage

    0.56 miles

  • Riverfront Park Parking

    1.09 miles

  • PCF Parking

    1.32 miles

  • Hawk Rise Sanctuary Parking

    1.51 miles

  • Linden Train Station Parking

    1.66 miles

  • School Parking

    2.43 miles

  • The Lounge at Watt Hotel

    0.57 miles

  • Super 8

    0.94 miles

  • Rodeway Inn Rahway Hwy 1

    0.96 miles

  • Best Western Riverview Inn & Suites

    1.04 miles

  • Home2 Suites

    1.05 miles

  • Fairfield Inn & Suites Woodbridge

    1.45 miles

  • Comfort Suites at Woodbridge

    1.47 miles

  • Holiday Inn Clark

    1.57 miles

  • Hampton Inn

    1.70 miles

  • Bentley Motel

    1.78 miles

  • Walmart Supercenter

    1.23 miles

  • ALDI

    1.33 miles

  • ShopRite

    1.70 miles

  • Marshalls

    1.73 miles

  • Target

    1.82 miles

  • Whole Foods Market

    1.84 miles

  • Clarktown Shoping Center

    2.17 miles

  • Seabra Foods

    2.18 miles

  • Acme

    2.25 miles

  • The Fresh Grocer

    2.68 miles

Contact Listing Broker
Douglas Sitar

Sitar Realty Company

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