39 Union Street, Carteret, NJ 07008
Mary N Shotwell · Middlesex County
Key Facts
Description
Rare opportunity to acquire a high-income-producing, fully occupied legal two-family property in Carteret. The majority of the home was rebuilt in 2023, with the original foundation dating back to 1907 retained. The seller invested extensively in the property with the intention of holding it as a long-term investment, completing major upgrades that include two NEW boilers / heating systems, COMPLETE new exterior siding, NEW windows, NEW electrical and plumbing systems, a partially upgraded roof, with 2 NEW kitchens and 4 NEW full baths. Both units received additional interior renovations in 2026, including NEW hardwood flooring throughout. The property offers a total of seven bedrooms and four full bathrooms, 2 kitchens with an open format concept, stable tenants with a consistent payment history, and EXCELLENT existing rental performance. Additional value-added features include TWO coin-operated laundry machines, a hardwired three-camera security system with, two separate basements providing substantial storage, and newer side- and backyard pavers. Located approximately half a block from a newly renovated park and turf field, the property also offers convenient access to shopping, schools, public transportation, and major roadways. This turnkey investment presents an OUTSTANDING opportunity for investors seeking immediate cash flow, tenant stability, and a substantially upgraded multifamily property in Middlesex County. The seller had planned to retain the property long term and is selling solely because the funds are needed for the new construction of a personal residence. This property provides steady income and positive cash flow.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1907
Stories
2
Living Area
2,124 sq ft
Lot Size
0.06 acres
Lot Dimensions
100.00 x 0.00
Ownership
Fee Simple
Zoning
R50
Days on Market
7
MLS® Listing#
2700673R
Property Features
Interior
Appliances
Cooling
Heating
Basement
Patio
Lot Features
Construction
Other Structures
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$10,266
Tax year 2025
Assessed Value
$654,700
Parcel Number
0107603000000012
Directions
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Affordability Calculator
$159,800
Estimated monthly payment
$4,253/mo
Principal $639,200 · Est. interest $891,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Carteret, NJ
- $587,500
- Median Listing Price
- 37
- Median Days on Market
- 1,582
- Median Sq Ft
- $379
- Median Price / Sq Ft
- 66
- Active Listings
- This home’s price is 36% above the area median.
- Its price per sq ft is 1% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Carteret, NJ.
Location
Points of Interest in Carteret, NJ
Showing the Carteret area map.
Nearby Schools
Columbus School
Elementary · 0.3 mi away
Gateway School
School · 0.4 mi away
Carteret High School
Secondary · 0.7 mi away
Port Reading Elementary School
Elementary · 0.8 mi away
Carteret Middle School
Secondary · 0.8 mi away
Carteret Public Schools
School · 1.0 mi away
Nathan Hale School
Elementary · 1.1 mi away
St Joseph School
School · 1.5 mi away
Matthew Jago Elementary School
Elementary · 1.9 mi away
The Kathleen Grimm School for Leadership and Sustainability
Elementary · 2.0 mi away
Private Nicholas Minue Elementary School
Elementary · 2.0 mi away
PS 56
Elementary · 2.1 mi away
P. S 004 Maurice Wollin
Elementary · 2.1 mi away
South Richmond High School I. S. /P. S 25 - Is 25 Annex
Secondary · 2.2 mi away
United Activities Unlimited - I. S. 75
Secondary · 2.4 mi away
P.S. 26
Elementary · 2.4 mi away
Avenel Street School
Elementary · 2.8 mi away
Adult Diagnostic and Treatment Center
School · 2.8 mi away
Woodbridge Township School District
Elementary · 2.9 mi away
Woodbridge Middle School
Secondary · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23 Monroe Avenue, Carteret, NJ | $560,000 | 3 | 2 | 1,178 |
| 64 pinho Avenue, Carteret, NJ | $564,900 | 3 | 2 | 1,387 |
| 21 Monroe Avenue, Carteret, NJ | $569,000 | 3 | 2 | — |
| 72 Pulaski Avenue, Carteret, NJ | $575,000 | 4 | 2 | 1,540 |
| 72 Pulaski Avenue, Carteret, NJ | $575,000 | — | 2 | 1,540 |
| 89 Bernard Street, Carteret, NJ | $585,000 | 5 | 2 | 1,592 |
Moving Cost Estimate
EXIT Agents in Carteret
Listing Courtesy: REALTYMARK SELECT - 8558777600