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309 Washington St, Perth Amboy, NJ, 08861

5beds
2baths
1,922sqft
$639,000
$332price/sqft
$4,728/moest. monthly cost
$189,120/yrincome needed

About This Home

Amazing large 2 Family Money Maker. Low Taxes. Separate Gas, Electric & Water Meters. North East Facing. 1st Floor Apartment has 2 Bedrooms, Living Room & Eat In Kitchen. 2nd Floor Apartment has 3 Bedrooms, Living Room & Eat In Kitchen. Plus 2 Bonus Rooms in Attic. 2 Car Detached Garage (rented for $300). Parking for 4 Cars (2 spots rented for $100). 1st Floor rent is below mkt. Potential Total Rental Income of $64,800. Cap Rate 8%. All Utilities paid by Tenants. Great for Commuters, Perth Amboy Train Station with Direct Trains to NYC is just a short 12 minutes stroll.

Getting Around

83
WalkingVery Walkable
46
TransitSome Transit
50
BikeBikeable

Schools

4/10
Anthony V Ceres SchoolGrades K-50.4 mi
4/10
Mc Ginnis Middle SchoolGrades 6-80.6 mi
1/10
Perth Amboy High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1914

Materials

  • Roof: Asphalt

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Water Heater(See Remarks),Water Heater

Basement

  • Has basement: Yes
  • Basement: Full, Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2

Features

  • Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room),Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room)

Heating & Cooling

  • Heating features: Baseboard Hotwater
  • Cooling features: None

Interior Area

  • Total structure area: 1,922
  • Total interior livable area: 1,922 sqft

Property

Details

  • Parcel number: 160016600000002201
  • Zoning: R-25

Features

  • Stories: 2

Lot

  • Lot size: 3,750 sqft
  • Features: Near Train
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 2
  • Parking features: Garage,Detached,4(+)Car Parking
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Earthquake
Heat Wave
Ice Storm
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,231$38,772
Home Insurance *$227$2,724
Property Taxes $1,059$12,708
Electricity $211$2,542
Total$4,728$56,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$162,102/yr
40% on housing$141,840/yr
45% on housing$126,080/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.7%
-2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$332This listing

vs Other Active Listings

Avg $/sqft

ZIP 08861$271
Middlesex County$305

vs Homes Sold Last Month

Median $/sqft

ZIP 08861$317
Middlesex County$345

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-20Listed for sale$639,000
2026-07-12Listing removed$659,000
2026-06-04Listed for sale$659,000
2004-03-29Sold$260,000
2003-06-18Sold$220,000
1993-10-13Sold$126,000

For Sale by Agent

AgentNADEEM QAVI
BrokerageRE/MAX COMPETITIVE EDGE

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