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SOLD 251113

493 LOWER ALDEN DR

Rahway, NJ

$608,000

31,077

Sq. Ft.

$20

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$608,000

Total Assessed

$160,100

Sale vs. Assessed

+$447,900 (+279.8%)

Land Value

$61,400

Building Value

$98,700

Rahway Market Overview

$500,000

Median Price

344

Total Sales

-16.6%

Year over Year

Buyer's

Market Type

📊 Investment Analysis

$4,256

Est. Monthly Rent

$4,461

Est. Mortgage

6.95% · 20% down

-$205

Monthly Cash Flow

8.4%

Cap Rate

-2.0%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 6.95% interest rate, 20% down payment. For illustrative purposes only.

🏘 Rahway Neighborhood Guide

Walk Score

Very Walkable

Min to NYC

Direct train

Rahway Station

Train Station

Northeast Corridor + North Jersey Coast Line

Neighborhoods in Rahway

Downtown Rahway $340,000 to $445,000

Best for: Urban professionals, commuters, culture enthusiasts

Capecod $380,000 to $578,000

Best for: Families, classic home enthusiasts

Milton Lake $500,000 to $600,000

Best for: Nature lovers, families seeking outdoor recreation

Inman Heights $480,000 to $560,000

Best for: Families, suburban lifestyle seekers

Milton Lake Manor $540,000 to $620,000

Best for: Lake oriented families, outdoor enthusiasts

North Rahway $380,000 to $480,000

Best for: First time buyers, budget conscious buyers

Rahway Transit Village $490,000 to $565,000

Best for: Commuters to NYC, young professionals

West Rahway $450,000 to $550,000

Best for: Community oriented families, quiet residential seekers

Skyview Downtown $340,000 to $519,000

Best for: Young professionals, urban dwellers, commuters

Leesville $350,000 to $480,000

Best for: Historic home lovers, budget conscious buyers

Rahway is a city of 30,000 residents in Union County that has transformed itself from a quiet industrial town into one of the most vibrant arts and dining destinations in central New Jersey. Once known as the Carriage City of the World, with 35 carriage factories shipping to Europe in the 1800s, tod...

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