See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

241 N 3Rd Ave, Manville, NJ, 08835

4beds
2baths
1,584sqft
$600,000
$379price/sqft
$4,511/moest. monthly cost
$180,440/yrincome needed

About This Home

Don't miss this exceptional investment opportunity! This well-maintained two-family home offers two spacious units, each featuring 2 bedrooms and 1 full bathroom, making it ideal for investors looking to generate rental income. Both units are currently leased at market rent, providing immediate cash flow. The property also features a large unfinished basement with separate washer and dryer for each unit and plenty of storage space. Step outside to enjoy a spacious backyard and deck, perfect for entertaining, relaxing, or enjoying outdoor gatherings. Significant recent upgrades include a brand-new HVAC heating and cooling system, a brand-new roof, and a newly constructed front entrance with updated stairs and walkway, offering peace of mind for years to come. Conveniently located near shopping, restaurants, major highways, and public transportation, this income-producing property is a fantastic addition to any investment portfolio. Schedule your private showing today!

Getting Around

78
WalkingVery Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

2/10
Roosevelt SchoolGrades 3-40.2 mi
4/10
Manville High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1944

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Walk-In Closet(s),Bedrooms,Eat-in Kitchen,Family Room,Kitchen,Master Bedroom,Attic,Eat-In Kitchen
  • Window features: Storm Window(s),Thermal Windows/Doors,Blinds
  • Flooring: Carpet

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,584
  • Total interior livable area: 1,584 sqft

Property

Details

  • Parcel number: 2711000330000000490002

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: Sidewalk
  • Fencing: Metal Fence

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 50 x 100

Parking

  • Total spaces: 10
  • Parking features: Off Street,On Street
  • Uncovered spaces: 10

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Ice Storm
Lightning
Strong Wind

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 $3,033$36,396
Home Insurance *$162$1,944
Property Taxes $1,123$13,476
Electricity $193$2,318
Total$4,511$54,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$154,662/yr
40% on housing$135,330/yr
45% on housing$120,293/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: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$379This listing

vs Other Active Listings

Avg $/sqft

ZIP 08835$277
Somerset County$343

vs Homes Sold Last Month

Median $/sqft

ZIP 08835$351
Somerset County$348

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
2026-07-09Listed for sale$600,000
2023-03-28Listing removed--
2023-03-06Listed for rent$2,000
2023-01-27Sold$415,000
2022-12-08Pending sale$424,900
2022-09-15Listed for sale$424,900
2016-02-28Listing removed$1,200
2016-02-17Price change$1,200
2015-12-10Listed for rent$1,250
2014-11-21Sold$214,900
2014-10-07Listed for sale$214,900
2009-12-31Sold$260,000

For Sale by Agent

AgentJenni Jeremias
BrokerageEra Suburb Realty

Similar Homes