For sale

$999,999

Est. $6,558/mo —

•

4 ba

•

2,868

sq ft

361 Prospect St, Perth Amboy, NJ 08861

About this home

Excellent investment opportunity at 361 Prospect St in Perth Amboy! This income-producing 3-family property offers a strong 8.6% CAP RATE with approximately $86,568 in annual net income after taxes and maintenance. The property features three spacious residential units, 1 two bedroom 1 bath, 1 two bedroom 2 bath, and 1 four bedroom 1 bath, providing a desirable unit mix for investors. Additional income potential is provided by three detached garages that can be rented separately. Tenants are responsible for their own utilities, helping to keep operating expenses low. The property also offers a full basement with 8 foot ceilings, a full bathroom/storage space, public water and sewer, and convenient access to local shopping, transportation, schools, major roadways and the Perth Amboy waterfront. An attractive opportunity for investors seeking immediate cash flow with additional long-term upside. Owner will entertain SELLER FINANCING with a minimum 30% down payment, subject to acceptable terms and seller approval. Close on this property and just pick up your rent! A truly turnkey investment.

Multi-familyProperty Type

1903Year Built

5,249 sq ftLot Size

$349Price/Sq.Ft.

3 car garageParking

Listed by ZACHARY DURSO • RE/MAX SELECT

Listed by JANICE CERASANI

Listing updated: Sep 19, 2026 at 08:37pm

Redfin checked: a minute ago

•Source:CJMLS #2704726R

Payment calculator

$6,558 per month

Principal and interest$5,594

Property taxes

$831

HOA dues

Home insurance

$133

Utilities

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Next available date: Saturday, October 3

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Dr. Herbert N Richardson 21st Century Elementary School

Public K-4 • Assigned • 0.1mi

3/10

Mc Ginnis Middle School

Public 6-8 • Assigned • 0.5mi

4/10

Perth Amboy High School

Public 9-12 • Assigned • 1.4mi

1/10

Provided by GreatSchools

About Southwestern Perth

Amboy

Southwestern Perth Amboy, located between the Arthur Kill waterfront and the Garden State Parkway corridor, is a residential and industrial Perth Amboy neighborhood with working piers and compact blocks of mid-century homes. The neighborhood’s character concentrates around the Smith Street and New Brunswick Avenue area, where corner delis, auto shops, and small storefronts set a steady, utilitarian rhythm. Brick rowhouses and modest capes mix with warehouse edges and rail-adjacent streets. Waterfront air and ship-channel views shape the daily backdrop. Nearby green space and shoreline paths add room to roam without changing the area’s grounded feel.

Provided by Walk Score and Local Logic

Offer insights

361 Prospect St · $999,999

Strong offer

$1.09M and above

75% chance or better to win

Why $1.09M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 57 days.

SALE-TO-LIST

Most homes are selling 6% above list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Interior features
Two-story interior
Unit 3 contains 4 bedrooms
11 total rooms
Full basement with full bath

Bedrooms
Unit 3: 4 bedrooms

Bathrooms
Full bathroom in the basement

Kitchen
Water heater (gas)

Laundry & utility
Multiple separate meters: 4 electric meters, 3 gas meters, 3 water meters

Heating & cooling
Baseboard heating
Radiant heating
Forced air heating
Wall A/C units
Window A/C units

Sale and tax history for 361 Prospect St

Sale History
Tax History

Date

Event

Price

CJMLS #2704726R

Sep 17, 2026

Listed

$999,999

$349/sq ft

GSMLS #3990582

Nov 10, 2025

Rental Removed

$2,850

$1/sq ft

Oct 8, 2025

Listed for Rent

$2,850

$1/sq ft

CJMLS #2660618M

Oct 8, 2025

Rental Removed

$2,850

$1/sq ft

Oct 7, 2025

Listed for Rent

$2,850

$1/sq ft

GSMLS #2678629

Sep 10, 2009

Sold

$225,000

$78/sq ft

Public Records

May 7, 2004

Sold

$350,000

$122/sq ft

Public Records

Jan 21, 2000

Sold

$177,500

$62/sq ft

Public Records

Jun 29, 1998

Sold

$160,000

$56/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$9,973 (+18.8%)

$99,000 + $214,800

$313,800

2024

$8,396 (+0.2%)

$99,000 + $214,800

$313,800

2023

$8,380 (+1.2%)

$99,000 + $179,300

$278,300

2022

$8,279 (−0.1%)

$99,000 + $179,300

$278,300

2021

$8,291

$99,000 + $179,300

$278,300

2020

$8,288 (−0.4%)

$99,000 + $179,300

$278,300

2019

$8,318 (+0.9%)

$99,000 + $179,300

$278,300

2018

$8,246 (+0.2%)

$99,000 + $179,300

$278,300

2017

$8,229 (+2.7%)

$99,000 + $179,300

$278,300

2016

$8,015 (−1.3%)

$99,000 + $179,300

$278,300

2014

$8,120 (+2.8%)

$99,000 + $179,300

$278,300

2013

$7,895 (−3.5%)

$99,000 + $179,300

$278,300

2011

$8,185 (−18.7%)

$129,000 + $179,300

$308,300

2010

$10,071 (+3.7%)

$129,000 + $179,300

$308,300

2009

$9,715

$129,000 + $280,400

$409,400

Public record

Beds

—

Baths

—

Stories

Lot width

50 ft.

Lot depth

105 ft.

Lot size

5,249 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

2,868

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,868

Year built

1903

Style

Single Family Residential

County

Middlesex County

APN

1600159 00004

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 19, 2026.

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

8/10 Heat Factor

7 days above 99° 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

5 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Perth Amboy, NJ • 08861

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

76/ 100

Good sunlight

Sunscore

This home receives average direct sun exposure in Perth Amboy. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.2 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 361 Prospect St

$995,249

$4,750 under list price of $1.00M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $505K to $950K.

SOLD FEB 17, 2026
$950,000 Last sold price
10 beds4 baths3,800 sq ft
264 Washington St, Perth Amboy, NJ 08861
$99/sq ft
4 years newer
SOLD AUG 10, 2026
$800,000 Last sold price
4 beds2 baths— sq ft
278 Rector St, Perth Amboy, NJ 08861
larger lot
99 years newer
no basement
SOLD MAY 14, 2026
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4 beds2 baths1,872 sq ft
578 Sayre Ave, Perth Amboy, NJ 08861
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16 years newer
SOLD JUN 18, 2026
$505,000 Last sold price
4 beds2 baths2,076 sq ft
532 Groom St, Perth Amboy, NJ 08861
$106/sq ft
smaller lot
26 years newer
SOLD SEP 4, 2026
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640 Florida Grove Rd, Perth Amboy, NJ 08861
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46 years newer
SOLD AUG 4, 2026
$730,000 Last sold price
6 beds2 baths2,316 sq ft
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$34/sq ft
26 years newer

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Ask a question

(732) 561-4347

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Nearby similar homes

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New listings for sale in 08861

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4 beds3.5 baths3,504 sq ft

129 High St, Perth Amboy, NJ 08861

OPEN SUN, 1PM TO 3PM

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458 Lawrie St, Perth Amboy, NJ 08861

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Details provided by CJMLS and may not match the public record. Learn more.

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