Listing Details

550 Forest Rd,Scotch Plains Twp., NJ 07076-1724

  • February 1, 2026

Description

Well-maintained two-family in highly desirable Scotch Plains! Prime location near downtown, schools, shopping, and NYC transportation. Each unit offers 2 bedrooms with updated kitchens and baths. Spacious first-floor unit features hardwood floors with laundry and garage access. Second floor has access to finished attic. Bonus space includes a partially finished basement with split system heat and air conditioning. Large backyard for outdoor enjoyment. A fantastic opportunity for investors or owner-occupants seeking rental income. Home does not require flood insurance.A revaluation of all properties in Scotch Plains is currently underway; current taxes and assessments subject to change.

Details

Last Updated On: February 1st, 2026 at 9:29 am
Property ID:PT-26729596-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 739,900 $
Bedrooms:4
Year Built:1910

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 75 X 103
Lot Identifier: 37
Lot Identifier: 37

Home Details

Open Parking: 6
Basement: Yes
Basmnt/Desc: Yes - Finished-Partially, Walkout
Acreage: 0.18
Total Baths: 2.00
Unit Style: 1-One Story
Number of Units: 2
Rooms: 9
Easement/Desc: Unknown
Exterior Description: Stucco
Roof Description: Asphalt Shingle
Possesion: POT
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 4
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Lease Expire: 2026-05-31
Unit 1 SqFt: 922
Unit 1 Rent: 2250
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 1 Security Deposit: 3375
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Levels: 2
Unit 2 Rooms: 5
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Lease Expire: 2026-07-31
Unit 2 SqFt: 870
Unit 2 Rent: 2200
Unit 2 Room Description: Attic, Bedrooms, Eat-In Kitchen, Family Room
Unit 2 Security Deposit: 900
Color of Building: Blue
Garage Description: Detached Garage
Number of Garage Spaces: 2
Block Identifier: 1401
County Number: 29
Town Number: 2916
YB/Desc: 1910 - Approximate
Color of Building: Blue
Easement: Unknown
Parking/Driveway Description: 2 Car Width, Blacktop
Block Identifier: 1401
County Number: 29
Town Number: 2916
Possession: POT

Taxes, Fees & Assessments

Gross Operating Income: 53400
Net Operating Income: 34800
Warranty: No
Tax ID For Property: 2916-01401-0000-00037-0000-
Tax Amount: $12,309.00
Tax Year: 2024
Tax Rate: 11.768%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $26,500.00
Building Assessment: $78,100.00
Total Assessment: $104,600.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: Baseboard - Hotwater
Cool System: Wall A/C Unit(s), Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Schools

Grade School: 1 E.S.
Middle School: Nettingham
High School: SP Fanwood

Features

  • Carbon Monoxide Detector
  • Carpeting
  • Fire Extinguisher
  • Smoke Detector
  • Tile Floors
  • Wood Floors

Statistics

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