Legal 2-Family house that is perfect for Investors OR owner occupant who can live in one and rent the other unit. Unit-1 has 1 BR, LR, Bath and access to Basement. The basement has a washer/dryer and finished recreation room. Unit-1 is accessed through the side entrance. Unit-2 consists of 2nd Fl and Attic. It with two bedrooms, Living room, kitchen and full bath with easy access to the attic which has additional two rooms. Access to the 2nd floor is from the front door. The house is minutes to Edison train station, Rutgers University, Route 1, Turnpike and Shopping centers. Home is being sold AS IS. First Floor Tenants are vacating on Dec 1st 2023. The rent for 1st Floor is 1500$. The 2nd Floor Tenant is on month-to-month lease for 1650$ per month. Garage is being rented for 250$ per month.
Rare opportunity to own a two family home in Edison***Perfect investment property - rent both units, or live in one and rent the other***First floor unit can have access to the partially finished basement***Second floor unit has access to the fully finished, walk-up attic***Off street parking with detached garage***Large deck and great backyard***Excellent location which is close to NYC bus lines, major highways, shopping, etc.***
CJMLS #1807741
May 21, 2018
Sold
$253,000
Mar 23, 2018
Delisted
—
Mar 22, 2018
Contingent
—
Feb 26, 2018
Delisted
—
Feb 15, 2018
Contingent
—
Jan 17, 2018
Price Changed
$259,000
Jan 5, 2018
Price Changed
$269,000
Jan 5, 2018
Relisted
—
Dec 1, 2017
Delisted
—
Nov 10, 2017
Contingent
—
Oct 29, 2017
Listed
$265,000
Public Records
Dec 21, 2001
Sold
$130,000
Public Records
Sep 30, 1996
Sold
$100,000
Year
Property tax
Land + Additions
Assessment*
2025
$7,177 (+1.7%)
$63,500 + $57,100
$120,600
2024
$7,054 (+0.5%)
$63,500 + $57,100
$120,600
2023
$7,016 (+5.6%)
$63,500 + $55,000
$118,500
2022
$6,646 (+0.3%)
$63,500 + $55,000
$118,500
2021
$6,623 (+0.9%)
$63,500 + $48,700
$112,200
2020
$6,563 (+3.9%)
$63,500 + $48,700
$112,200
2019
$6,315 (+2.5%)
$63,500 + $48,700
$112,200
2018
$6,162 (+2.2%)
$63,500 + $48,700
$112,200
2017
$6,032 (+1.9%)
$63,500 + $48,700
$112,200
2016
$5,919 (+7.1%)
$63,500 + $48,700
$112,200
2014
$5,526 (+2.8%)
$63,500 + $48,700
$112,200
2013
$5,377 (+2.4%)
$63,500 + $48,700
$112,200
2011
$5,251 (+5.4%)
$63,500 + $48,700
$112,200
2010
$4,983 (+2.6%)
$63,500 + $48,700
$112,200
2009
$4,858
$63,500 + $48,700
$112,200
Tax history for 47 Fayette St
Year
Property tax
Land + Additions
Assessment*
2025
$7,177 (+1.7%)
$63,500 + $57,100
$120,600
2024
$7,054 (+0.5%)
$63,500 + $57,100
$120,600
2023
$7,016 (+5.6%)
$63,500 + $55,000
$118,500
2022
$6,646 (+0.3%)
$63,500 + $55,000
$118,500
2021
$6,623 (+0.9%)
$63,500 + $48,700
$112,200
2020
$6,563 (+3.9%)
$63,500 + $48,700
$112,200
2019
$6,315 (+2.5%)
$63,500 + $48,700
$112,200
2018
$6,162 (+2.2%)
$63,500 + $48,700
$112,200
2017
$6,032 (+1.9%)
$63,500 + $48,700
$112,200
2016
$5,919 (+7.1%)
$63,500 + $48,700
$112,200
2014
$5,526 (+2.8%)
$63,500 + $48,700
$112,200
2013
$5,377 (+2.4%)
$63,500 + $48,700
$112,200
2011
$5,251 (+5.4%)
$63,500 + $48,700
$112,200
2010
$4,983 (+2.6%)
$63,500 + $48,700
$112,200
2009
$4,858
$63,500 + $48,700
$112,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.