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518 Central Ave, Plainfield, NJ, 07060

15beds
4baths
--sqft
$1,500,000
--price/sqft
$10,875/moest. monthly cost
$435,000/yrincome needed

About This Home

Currently operating as a residential health care facility, this property offers a rare, turnkey opportunity with established income potential. Fully equipped with integrated safety and security systems throughout all levels including the basement, features include a comprehensive alarm system, interior and exterior video surveillance, sprinkler system, fire extinguishers, and smoke and carbon monoxide detectors- providing peace of mind and immediate readiness for continued care use or adaptable living. First floor 2 bedrooms,1 bath, 1 staff room, living room, dinning room, kitchen. Second floor: 6 beds, 2 baths. Third floor: 6 beds, 1 bath.Ideally situated just minutes from Route 22. Enjoy close proximity to local shops, dining, and everyday conveniences, all while being well-connected to major roadways with easy access to Routes 287, 78, 22. Property is being strictly sold as-is. The seller will not make any repairs or offer any credit.

Getting Around

86
WalkingVery Walkable
47
TransitSome Transit
54
BikeBikeable

Schools

3/10
4/10
Hubbard Middle SchoolGrades 6-80.5 mi
1/10
Plainfield High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dryer,Microwave,Range/Oven-Gas,Refrigerator,Washer,Gas Water Heater

Basement

  • Features: Laundry,Pantry

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Kitchen

Heating & Cooling

  • Heating features: 1 Unit,Radiators - Steam,Oil Tank Above Ground - Inside
  • Cooling features: Window Unit(s)

Kitchen

  • Features: Not Eat-In Kitchen

Property

Details

  • Parcel number: 2912007080000000060000
  • Zoning description: R-4

Lot

  • Lot size: 10,018 sqft
  • Features: Level
  • Lot size dimensions: 75 x 135

Parking

  • Parking features: 1 Car Width,Asphalt,Hard Surface,On-Street Parking
  • Has uncovered spaces: Yes

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
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Heat Wave
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 $7,584$91,008
Home Insurance *$561$6,732
Property Taxes $2,537$30,444
Electricity $193$2,318
Total$10,875$130,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$372,857/yr
40% on housing$326,250/yr
45% on housing$290,000/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: 8.2%
8.2%
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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07060$312
Union County$379

vs Homes Sold Last Month

Median $/sqft

ZIP 07060$325
Union County$416

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
2026-03-23Listed for sale$1,500,000

For Sale by Agent

AgentSonnia D. Mayorga
BrokerageKeller Williams Elite Realtors

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