Property summary
This exceptional investment opportunity in Somerset, NJ, presents a 1,980 square foot multi-unit building situated on a 0.15-acre lot. The property features a detached two-car garage, providing ample parking. Currently, the second floor is occupied by a tenant paying a monthly rent of $2,300, generating a strong cash flow. The first floor, previously used as an office space, is currently vacant, offering significant potential for additional income. The building boasts a central air and furnace system, both installed in 2007, ensuring efficient climate control. Separate utility meters for each unit simplify billing and management. The property is priced competitively to facilitate a swift sale. The large lot size offers additional possibilities for expansion or outdoor improvements. This property is ideal for investors seeking a high-return investment with immediate income generation and significant upside potential. The combination of a strong tenant, vacant space for lease, and desirable location makes this a truly compelling opportunity. Don't miss out on this chance to acquire a profitable and well-maintained multi-unit property in a thriving market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
HBD · Somerset, NJZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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