Investor special! High-yield 3-family property in Perth Amboy offering exceptional cash flow at an attractive entry price. Property highlights: (3) Income-generating units (including a large 4-bedroom) (3) garages for added revenue Tenants pay all utilities = low expenses With $99K gross income and $86K NOI, this deal presents a rare opportunity to secure an 8% cap rate in a growing market. Ideal for: Investors seeking maximum cash flow Value-add buyers looking to increase rents over time Seller open to seller financing. Shared Driveway. AS IS, Buyer is responsible for CO. *Some photos are virtually enhanced)
For sale
$1,075,000
361 Prospect St, Perth Amboy, NJ 08861
8beds
5baths
2,868sqft
Est.:
Multi Family
Built in 1903
-- sqft lot
$1,059,000 Zestimate®
$375/sqft
$-- HOA
What's special
Shared driveway
- 5 days |
- 657 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: March 30, 2026 at 11:59am
Listed by:
PETER BOUTROS,
EXP REALTY, LLC 866-201-6210
Source: All Jersey MLS,MLS#: 2612858R
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Central, See Remarks
Cooling
- A/C Window Unit(s)
Appliances
- Included: Water Heater(From Furnace, See Remarks, Gas), Water Heater
Features
- Unit 1(2 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(4 Bedrooms, Kitchen, Living Room, 2+ Baths)
- Basement: Partially Finished, Storage Space
Interior area
- Total structure area: 2,868
- Total interior livable area: 2,868 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage, Detached
- Garage spaces: 3
Features
- Stories: 2
- Patio & porch: Patio, Enclosed, Porch
- Exterior features: Patio, Porch(es) - Enclosed, Porch
Lot
- Size: 5,248.98 Square Feet
- Dimensions: 105.00 x 0.00
- Features: Level
Details
- Parcel number: 1600159000000004
- Zoning: R-25
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1903
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Perth Amboy
Financial & listing details
- Price per square foot: $375/sqft
- Tax assessed value: $313,800
- Annual tax amount: $9,972
- Date on market: 3/27/2026
- Ownership: Fee Simple
- Lease term: Unit 1(Month-Month),Unit 2(Month-Month)
Estimated market value
$1,059,000
$1.01M - $1.11M
$2,891/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $1,075,000+377.8%$375/sqft |
Source:  All Jersey MLS #2612858R Report a problem | ||
| 11/26/2025 | Listing removed | $2,850$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 11/10/2025 | Listed for rent | $2,850$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 11/10/2025 | Listing removed | $2,850$1/sqft |
Source:  GSMLS #3990582 Report a problem | ||
| 10/8/2025 | Listed for rent | $2,850$1/sqft |
Source: GSMLS #3990582 Report a problem | ||
| 10/8/2025 | Listing removed | $2,850$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 10/3/2025 | Listed for rent | $2,850+23.9%$1/sqft |
Source: All Jersey MLS #2660618M Report a problem | ||
| 8/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/8/2024 | Listed for rent | $2,300-22%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/10/2024 | Listed for rent | $2,950+47.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/2/2019 | Listing removed | $2,000$1/sqft |
Source: Owner Report a problem | ||
| 5/14/2019 | Listed for rent | $2,000$1/sqft |
Source: Owner Report a problem | ||
| 9/30/2009 | Sold | $225,000-37.5%$78/sqft |
Source: Public Record Report a problem | ||
| 5/7/2004 | Sold | $360,000+102.8%$126/sqft |
Source: Public Record Report a problem | ||
| 1/21/2000 | Sold | $177,500+10.9%$62/sqft |
Source: Public Record Report a problem | ||
| 6/29/1998 | Sold | $160,000$56/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,467 +12.8% | $313,800 +12.8% |
| 2024 | $8,396 +0.2% | $278,300 |
| 2023 | $8,380 +1.2% | $278,300 |
| 2022 | $8,279 -0.1% | $278,300 |
| 2021 | $8,291 | $278,300 |
| 2020 | -- | $278,300 |
| 2019 | $8,246 +33.4% | $278,300 |
| 2018 | $6,180 -22.9% | $278,300 |
| 2017 | $8,015 -0.7% | $278,300 |
| 2016 | $8,071 -0.6% | $278,300 |
| 2015 | $8,121 +2.9% | $278,300 |
| 2014 | $7,895 -3.5% | $278,300 -9.7% |
| 2012 | $8,185 -18.7% | $308,300 |
| 2011 | $10,071 +3.7% | $308,300 -24.7% |
| 2010 | $9,715 +9% | $409,400 |
| 2009 | $8,913 | $409,400 |
| 2008 | -- | $409,400 |
| 2007 | $13,935 +1.2% | $409,400 +154.9% |
| 2006 | $13,766 +1.3% | $160,600 |
| 2005 | $13,584 +900% | $160,600 |
| 2004 | $1,358 | $160,600 |
| 2003 | -- | $160,600 |
| 2002 | -- | $160,600 |
| 2001 | -- | $160,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,988/mo
Principal & interest
$5358
Property taxes
$1630
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Climate risks
Neighborhood: Southwestern
Nearby schools
GreatSchools rating
- 3/10Hn Richardson 21 Cent SchoolGrades: K-4Distance: 0.1 mi
- 4/10Mc Ginnis Middle SchoolGrades: 5-8Distance: 0.5 mi
- 1/10Perth Amboy High SchoolGrades: 9-12Distance: 0.8 mi
Local experts in 08861
- New Jersey
- Middlesex County
- Perth Amboy
- 08861
- Southwestern
- 361 Prospect St
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