Strong income-producing opportunity in desirable Westfield Township with flexible GB-3 zoning. This two-family property offers 6 bedrooms & 3 full baths with fully separate utilities for each unit, creating multiple income or mixed-use scenarios. The first-floor unit features 2 bedrooms & 2 full baths, an updated eat-in kitchen & spacious living room, partial occupancy currently generates $780/month, with prior full-unit rental history exceeding $2,500/month, offering clear upside potential. The upper unit spans the 2nd & 3rd floors and includes an eat-in kitchen, large living room & 2 bedrooms on the 2nd floor, plus 2 additional oversized bedrooms on the 3rd floor with attic access, currently rented at $2,700/month with a long-term tenant in place. Additional value features include a full unfinished basement, deep backyard, and GB-3 zoning allowing residential, mixed-use, or commercial applications. Convenient walk to NJ Transit train & bus and downtown Westfield amenities. A rare opportunity combining steady income, future flexibility & prime location.
314 South Ave E, Westfield Town NJ 07090-1459
Property City
Westfield Town
Property Price
$750,000
Bedrooms
6
Year Built
1920
Tax Annual Amount
$8582
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
Lot Size Area
0.17
MLS Status
Active
MLS #
4012195
Yearly Tax Rate
2.252
Year Built (*numeric)
1920
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
2
Basement (*text)
Yes
Cooling (*text)
Ceiling Fan, Window A/C(s)
GarageSpaces
0
Heating
2 Units, Baseboard - Hotwater
Lot Size Dimensions
60X125
Data import from
GSMLS