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1369-1403 South Ave
Plainfield, NJ 07062

$8,665,000 USD

Apartments For Sale • 23,351 SF

Property Details

Property Type Apartments
Total Building Size 23,351 SF
Lot Size 0.43 AC
Building Class B
Year Built 2023
Zoning NC

50 Transit Score

50 Walk Score

                
                    Highlights
                
                                New Construction Boutique Multifamily (2023) 20 residential units plus 1 retail space; modern layouts, efficient design, min. near-term capital needs.
                            
                                Stabilized Asset with In-Place Income & Upside Fully leased under original ownership; steady cash flow with clear organic rent growth potential.
                            
                                Below-Market Rents vs Nearby New Construction Lease-up prioritized occupancy; turnover and professional management create built-in upside.
                            
                                Large, High-Quality Unit Mix 830–1,060 SF one- and two-bedrooms with private balconies, in-unit laundry, and contemporary finishes.
                            
                                Ground-Floor Retail NOI Potential Street-level retail offers incremental income through lease-up at market rents.
                            
                                Walk-to-Train, Commuter Location 0.5 miles to Netherwood Station (NJ Transit to Newark & NYC); access to Route 22, I-78, GSP.

Amenities

24 Hour Access
Air Conditioning
Balcony
Disposal
Fitness Center
Storage Space
Washer/Dryer
Heating
Disposal Chutes
Kitchen
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Bicycle Storage
Elevator
Patio
Smoke Free
Public Transportation
Key Fob Entry

Public Transportation

Commuter Rail	Drive	Walk	Distance
Netherwood (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit))	2 min	11 min	0.6 mi
Fanwood (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit))	3 min	16 min	0.8 mi
Transit/Subway	Drive	Walk	Distance
Netherwood (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit))	2 min	11 min	0.6 mi
Fanwood (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit))	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Newark Liberty International	29 min	-	19.7 mi
LaGuardia	64 min	-	38.9 mi
John F Kennedy International	73 min	-	42.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Chez Eider 732-740-7939 Marcus & Millichap

1369-1403 South Ave Plainfield, NJ 07062