SOLD
24 2013
1027 W Lake Avenue
Rahway, NJ
$1,600,000
Residential
Property Type
Tax Assessment Analysis
Sale Price
$1,600,000
Total Assessed
$491,000
Sale vs. Assessed
+$1,109,000
(+225.9%)
Land Value
$140,000
Building Value
$631,000
Rahway Market Overview
$440,000
Median Price
137
Total Sales
-3.8%
Year over Year
Buyer's
Market Type
📊 Investment Analysis
$11,200
Est. Monthly Rent
$11,535
Est. Mortgage
6.71% · 20% down
-$335
Monthly Cash Flow
8.4%
Cap Rate
-1.3%
Cash-on-Cash Return
Estimates based on 0.7% rent rule, 6.71% interest rate, 20% down payment. For illustrative purposes only.
🏘 Rahway Neighborhood Guide
88
Walk Score
Very Walkable
30
Min to NYC
Direct train
Rahway Station
Train Station
Northeast Corridor + North Jersey Coast Line
Neighborhoods in Rahway
Downtown Rahway
$340,000 to $445,000
Best for: Urban professionals, commuters, culture enthusiasts
Capecod
$380,000 to $578,000
Best for: Families, classic home enthusiasts
Milton Lake
$500,000 to $600,000
Best for: Nature lovers, families seeking outdoor recreation
Inman Heights
$480,000 to $560,000
Best for: Families, suburban lifestyle seekers
Milton Lake Manor
$540,000 to $620,000
Best for: Lake oriented families, outdoor enthusiasts
North Rahway
$380,000 to $480,000
Best for: First time buyers, budget conscious buyers
Rahway Transit Village
$490,000 to $565,000
Best for: Commuters to NYC, young professionals
West Rahway
$450,000 to $550,000
Best for: Community oriented families, quiet residential seekers
Skyview Downtown
$340,000 to $519,000
Best for: Young professionals, urban dwellers, commuters
Leesville
$350,000 to $480,000
Best for: Historic home lovers, budget conscious buyers
Rahway is a city of 30,000 residents in Union County that has transformed itself from a quiet industrial town into one of the most vibrant arts and dining destinations in central New Jersey. Once known as the Carriage City of the World, with 35 carriage factories shipping to Europe in the 1800s, tod...
Explore Rahway →Property Record
Address
1027 W Lake Avenue, Rahway, NJ
Block / Lot
00115 / 0
Property Class
Residential (Class 2)
Sale Date
24 2013
George A. Castro II
Lic. R.E. Broker NJ, NY · President, CEO
📞 Call George Get Your Home Value Thinking of Selling?Interested in this area? I can show you similar properties and help you understand the market.