Updated Two-Family
For Sale
$699,999
117 Mountain View Rd, Hillsborough, NJ 08844
Two-unit property with refreshed interiors, a full basement, and generous outdoor space for parking and storage.
Property Size2,042 SF
Price / SF$342.80
Days on Market47
Property Features for 117 Mountain View Rd
General Information
Standard status
Active
Size
2,042 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1968
Buildings
1
Listing Agency:
EXP REALTY, LLC
Listed By:
NICHOLAS VAUGHAN
(866) 201-6210
Source:
Thebansalteam
Added: Sep 6
Changed: Oct 8
Last Checked: Oct 7 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This two-family duplex at 117 Mountain View Rd includes 2,042 square feet, 5 bedrooms, and 2 full bathrooms. Both units feature practical living areas, hardwood flooring, fresh paint, and other updates. A full basement adds storage and utility space, while newer siding and a newer roof contribute to the property's recent exterior improvements. Built in 1968, the home sits on over an acre with substantial outdoor area and parking. The configuration supports either investment ownership or an arrangement in which an owner occupies one unit and rents the other.
The property is in Hillsborough Township, near major roadways, shopping, dining, and local amenities. Its two-unit layout, updated condition, basement, and sizable lot provide a combination of residential functionality and rental-use flexibility.
The property is in Hillsborough Township, near major roadways, shopping, dining, and local amenities. Its two-unit layout, updated condition, basement, and sizable lot provide a combination of residential functionality and rental-use flexibility.
Key Highlights
- Two‑family duplex with 5 bedrooms and 2 full bathrooms
- 2,042 square feet of total property size
- Over an acre of land with abundant parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,143
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,860
$582.9K
Cap Rate 7%
$416,329
$416.3K
Cap Rate 9%
$323,811
$323.8K
Market Conditions
NOI Build-Up for 2,042 SF
Gross rent
$44.1K $21.60/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$41.6K $20.39/SF
− OpEx
−$12.5K −$6.12/SF
NOI
$29.1K $14.27/SF
Area
Somerset County, NJ
Vacancy
5.61%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,860
Cap Rate 7%
$416,329
Cap Rate 9%
$323,811
Alternative Uses
Best Use
Multifamily LT 5
$416.3K
$364.3K – $485.7K
NOI $29,143 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,324 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 08844, NJ
43,333
Population
16,168
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
55.2 sq mi
ZIP Area
785
Density / Sq Mi
$153,785
Median Household Income
$74,977
Median Earnings
$2,171
Median Rent
$537,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, a full basement, and generous outdoor space for parking and storage.
Where is this duplex located?
The property is located at 117 Mountain View Rd Hillsborough, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two‑family duplex with 5 bedrooms and 2 full bathrooms; 2,042 square feet of total property size; Over an acre of land with abundant parking
