Outstanding Investment Opportunity in Hunterdon County!Historic 7,238 SF mixed-use brick building (circa 1887) offering strong cash flow and clear upside. Situated on 0.77 acres with ample parking, the property includes 2 first-floor commercial units and 2 upstairs apartments. Zoned NB (Neighborhood Business) with excellent visibility near Routes 78, 22, 287 & 31. Current tenants include a well-established Italian restaurant in Year 2 of a 5-year lease ($3,165/mo current, $3,695/mo by Year 5) and two occupied apartments 2BR at $1,525/mo and 3BR at $1,925/mo (one-year lease). The second commercial unit (approx. 1,440 SF) was previously leased to a dental office at $2,100/mo and is now vacant ideal to re-tenant at market ($2,400+/mo). Building features oil-fired radiator heat (included in rent), tenant-paid electric, central A/C in commercial units, window A/Cs in apartments, private well & septic. Current in-place gross income $79.4K with expenses $43.5K producing a 5.3% cap rate at $679K list price; stabilized cap rate projected 9.6% once the vacancy is filled. A rare chance to own a fully functioning, income-generating asset with historic character in a desirable rural-suburban market. See video tour with drone footage!

Property Details of 371 Pittstown Road, Unit 4

Property Details

Interior Features

Other Details

Map Location

Listed by Arc Real Estate / Sean Mulligan (609-731-4265)

 Based on information submitted to GSMLS as of June 13, 2026 4:16 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from The Agency. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.