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-361 Prospect Street, 
Perth Amboy, NJ 08861

$999,999


—

Bed


4

Baths


2,868

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Janice Cerasani

RE/MAX Select

Last updated:

October 17, 2026, 04:07 PM

MLS#

2704726R

Source:

NJ MCMLS

About This Home

-361 Prospect Street

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.

Home Facts

Multi-Family

4 Baths

Built in 1903

Price Summary

999,999

$348 per Sq. Ft.

MLS #:

2704726R

Last Updated:

October 17, 2026, 04:07 PM

Added:

a month ago


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

2,868 Sq. Ft.


Structure

Structure

Building Area:

2,868 Sq. Ft.

Year Built:

1903


Lot

Lot Size (Sq. Ft):

5,248


Finances & Disclosures

Finances

Price:

$999,999

Price per Sq. Ft:

$348 per Sq. Ft.

Source:NJ MCMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.