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SOLD 260430

502 DRAKE AVE

Roselle, NJ

$474,000

41,564

Sq. Ft.

$11

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$474,000

Total Assessed

$115,600

Sale vs. Assessed

+$358,400 (+310.0%)

Land Value

$56,000

Building Value

$59,600

Roselle Market Overview

$500,000

Median Price

155

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$3,318

Est. Monthly Rent

$3,593

Est. Mortgage

7.4% · 20% down

-$275

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.

🏘 Roselle Neighborhood Guide

Walk Score

Somewhat Walkable

Min to NYC

With transfer

Roselle Station

Train Station

Raritan Valley

Neighborhoods in Roselle

Station Area / Chestnut Street $400,000 to $525,000

Best for: Commuters

West Roselle $375,000 to $475,000

Best for: Families, value seekers

East End $325,000 to $425,000

Best for: First-time buyers, investors

Roselle is where Thomas Edison first demonstrated incandescent street lighting to the public in 1883 — a moment that changed the world. Today the borough is one of the most affordable train-connected communities in Union County with its own NJ Transit station on the Raritan Valley Line. At a $420K m...

Explore Roselle →