Exceptional opportunity in the heart of Edison! Situated on a generously sized lot on desirable Oak Tree Road, this multifamily property offers excellent potential for investors or owner-occupants. Features include a new roof (2018), attached garage with manual door, unfinished basement with one sump pump, attic crawl space, and private backyard. Termite treatment completed in 1993 when the current owner purchased the property. Home is heated by two water furnaces (1995), one serving each unit. Both the ground-floor and first-floor tenants are month-to-month with a 30-day notice requirement. Conveniently located near shopping, dining, NJ Transit, major highways, schools, and parks. Property is being sold strictly AS IS.
Downtown, located between Metropark Station and Oak Tree Road, is a transit-oriented and commercial Iselin neighborhood with a rail hub and a dense strip of global dining. The neighborhood’s character concentrates around Oak Tree Road at Wood Avenue, where sari boutiques, jewelers, sweet shops, and late-night eateries keep the sidewalks active. Community pillars include the Thomas A. Edison Memorial Tower and Museum, the New Jersey Convention and Exposition Center, and the PNC Bank Arts Center nearby for big-ticket shows. Low-rise storefronts and mid-century office blocks define the streetscape, with newer hotels and apartments adding height near the tracks. Green breaks come via Merrill Park and the Rahway River corridor, while NJ Transit and the Garden State Parkway shape daily movement.
Provided by Walk Score and Local Logic
Offer insights
1892 Oak Tree Rd · $765,000
$811K and above
75% chance or better to win
Why $811K+ is a strong offer
DAYS ON MARKET
58 days
The average home goes pending in 92 days.
SALE-TO-LIST
104.4%
Most homes are selling 4% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Kitchen
Bedrooms
2 total rooms
Bathrooms
No full or half bathrooms listed
Kitchen
Gas water heater
Laundry & utility
One separate electric meter
One separate gas meter
One separate water meter
Heating & cooling
Central heating
Electric heating
Radiant heating
Ceiling fans
Window A/C unit(s)
Exterior features
Near shopping
Near train
Near public transit
Home design
2 stories
Parking
Attached garage (1 covered garage space)
Additional 4+ car parking
Construction
Full basement
Utilities
Public water
Public sewer
Electricity connected
Natural gas connected
Other
Garbage service included in tax
Sale transaction
Electricity and solar
View estimated energy costs and solar savings for this home
These districts are differentiated one from the other by the schedule of development and use. The purpose of these districts is to provide a reasonable use of land for nonresidential purposes, but at the same time maintain a residential presence.
Permitted uses
Include but are not limited to:
Bank
General retail
Hospital / medical center
Housing-Single unit
Office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Edison, NJ • 08820
Average low and high temperatures (°F)
36
23
40
25
57
37
65
45
72
54
82
65
88
70
81
62
77
60
68
48
56
39
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1892 Oak Tree Rd
$760,030
$4,970 under list price of $765K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $480K to $875K.