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SOLD 260224

402-04 E 2ND ST

Plainfield, NJ

$523,000

Sq. Ft.

$8,717

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$523,000

Total Assessed

$95,000

Sale vs. Assessed

+$428,000 (+450.5%)

Land Value

$44,000

Building Value

$51,000

Plainfield Market Overview

$500,000

Median Price

215

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$3,661

Est. Monthly Rent

$3,965

Est. Mortgage

7.4% · 20% down

-$304

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 Plainfield Neighborhood Guide

Walk Score

Somewhat Walkable

Min to NYC

With transfer

Plainfield Station

Train Station

Raritan Valley

Neighborhoods in Plainfield

Van Wyck Brooks Historic District $400,000 to $700,000

Best for: Architecture lovers, investors

Sleepy Hollow $450,000 to $650,000

Best for: Families seeking space

Downtown / West Front Street $300,000 to $450,000

Best for: Urban lifestyle, investors

East End $275,000 to $400,000

Best for: First-time buyers, renovation investors

Plainfield is the Queen City — a historic city with some of the most stunning Victorian architecture in New Jersey, a walkable downtown, and NJ Transit service, all at the deepest value point in Union County. At $410K median, entire colonials with wraparound porches cost less than a condo in Hoboken...

Explore Plainfield →