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183 Prospect StreetSouth River, NJ 08882

Multi-Family · 3,737 Sq. ft. | 1.93 Acres
$1,799,000 Active

183 Prospect Street Overview

Time on Site:
242 days
Visits:
6

Prime mixed-use investment comprising a fully renovated in 2010 Bar & Restaurant with all equipment included(Liquor License can be sold separately), featuring a billiards room on the lower level/basement. Above is a well-appointed 3-bedroom 1-bath apartment ideal for additional income. This property also features a detached house with 2 bedrooms and 1 bath, siding and roof replaced in 2020. Outstanding commercial viability supported by a large lot with 100+ parking spaces. A rare opportunity of strong income potential in a visible South River location with continued growth in the surrounding corridor, offering versatility, visibility, and immediate revenue.

Listing provided courtesy of LACERDA REALTORS- MLS# 2606646RMLS Provider
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183 Prospect Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,737
  • Price/Sq.ft. $481
  • Lot 1.93 Acres

Details

General

Building Information

  • Year Built: 1930

Location/Region

  • County Or Parish: Middlesex

Tax Information

  • Tax Annual Amount: $14,602.00
  • Tax Year: 2024

General Information

  • Ownership: See Remarks,Sole Proprietorship
  • Parcel Number: 230003100000000401
  • Property Sub Type: 2 Family
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 0
  • Garage: No

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 0

Building Interior

  • Building Area Total: 3737

General Information

  • Appliances: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
  • Basement: Finished, Other Room(s), Recreation Room
  • Cooling: Ceiling Fan(s), A/C Wall Unit(s), A/C Window Unit(s)
  • Heating: See Remarks
  • Interior Features: Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks)
  • Living Area: 3737
  • Living Area Units: Square Feet
  • Rooms Total: 22
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: See Remarks

Lot Information

  • Lot Features: See Remarks
  • Lot Size Acres: 1.9303
  • Lot Size Area: 1.9303
  • Lot Size Dimensions: 251.00 x 0.00
  • Lot Size Square Feet: 84084
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Water Source: Public

Building Exterior/Construction

  • Patio And Porch Features: Patio, Porch

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Patio, Porch
  • Sewer: Public Sewer
  • Utilities: See Remarks

183 Prospect Street Neighborhood

Community

08882 (SOUTH RIVER) Demographics

38
Median Age
5,386
Population Density (per sq. mile)
33%
College Educated
$77,183
Estimated Median Income
3,634
Estimated Total Home Owners
2,249
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

183 Prospect Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

183 Prospect Street Market Data

Based on the last 30 days in this zip code

$519,131
Average List Price
$365
Average Price per Square Foot
18
Properties Sold
77
Average Days on Market
54
Properties for Sale
Calculations provided by Reliance Network

183 Prospect Street History

Date Event Value Agent
10/30/2025Source: All Jersey MLS Added to Database
October 30, 2025
10/30/2025Source: All Jersey MLS Added to Database
October 30, 2025