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Home / Washington / 59 Railroad Ave
59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 59 Railroad Ave Washington, NJ 07882 View All Photos

$1,319,000

| Active

59 Railroad Ave

Washington, NJ 07882

0.24
Acres
0
Days on Market
4043878
MLS#
Condo
Structure
Residential
Zone
Contact

Value-add 6-unit multifamily with a clear, validated path to continue growing NOI while delivering the immediate cash flow and stability of a core-plus investment at a 7.1% cap rate on current financials. The property generates more than $132,000 in annual gross income from 6 apartments, 3 garages and 5 storage units in a detached building. Current apartment and ancillary rents remain below market, providing approximately $11,800 of additional annual income before any further unit renovations. Additional upside remains through completion of a renovation program already successfully executed within the same property. Current ownership has invested more than $225,000 in capital improvements since 2023, completing renovations across 4 units while addressing major capex items and deferred maintenance throughout. The remaining scope is limited to 2 partially updated units (flooring and paint) providing buyers with a clearly defined renovation strategy that has demonstrated its ability to achieve higher rents on site. Environmental items have been proactively addressed, rigorous screening has resulted in a high-quality, stable tenant base, and established property management software, systems, and operating procedures support an efficient transition for new ownership. Located approximately 60 minutes from NYC, the property offers convenient access to Routes 57, 31, and I-78, and is within walking distance of downtown.

Property Details
Floors
Carpeting, Tile, Vinyl-Linoleum, Wood
Cooling
Window A/C(s)
Heating
4+ Units, Baseboard - Electric, Radiators - Steam
Heating Source
Electric, Gas-Natural
Cooling Features
Window A/C(s)
Lot Features
Corner, Level Lot
Stories
3
Exterior Materials
Vinyl Siding
Acres
0.24
Lot Size
50X210
Parking Spaces
11
Property Type
Purchase
Basement
1
Basement Description
French Drain, Full, Slab, Unfinished
Year Built
1925
Roof
Asphalt Shingle, Rubberized
Sewer Information
Public Sewer
Utility Features
Electric, Gas-Natural
Water
Public Water
County
Warren
Region
Washington Boro
Zoning
R3
Ownership
Fee Simple
MLS #
4043878
Property Subtype
Apartment Complex
Parcel Number
3021-00079-0000-00019-0000-
MLS #
4043878
Date Listed
July 30, 2026
Ownership Type
Fee Simple
Address
59 Railroad Ave
Location
Legal

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Provided By
Listed by MARK GUTIERREZ (#401849)
Listing Office: NJ REALTY SYSTEMS LLC. (#3298)

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