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    500 Phillip Ln Watchung, NJ 07069

    For Lease
    $1,500 /Mo

    Recently renovated one-bedroom apartment with utilities included near highways.

    Lot size:
    1.50 Acres

    Property Features for 500 Phillip Ln

    General Information

    Lot size
    1.50 Acres

    Building Details

    Year built
    1971

    Source: HOWARD HANNA RAND REALTY Agent ERIKA TIANDRA MESIA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment in Watchung Suburbs

    This recently renovated one-bedroom, one-bathroom rental offers modern finishes and comfort in a peaceful residential setting. The apartment features an open-concept living area with updated flooring, recessed lighting, and a refreshed kitchenette. It is located in the quiet and scenic Watchung suburbs, minutes from shopping, dining, and major highways. Parking is provided. All utilities are included, except for cable and internet. The property is available for immediate move-in.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watchung
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4281293
    Latitude
    40.6598323

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    FAQs

    What type of property is this?
    Multifamily property - Recently renovated one-bedroom apartment with utilities included near highways.
    Where is this multifamily property located?
    The property is located at 500 Phillip Ln Watchung, NJ.
    What are key features of this property?
    This property features: - Recently renovated with modern finishes.; - All utilities included (except cable/internet).; - **Open-concept living area with updated flooring and recessed lighting.**
    (201) 420-4200
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    500 Phillip Ln Watchung, NJ 07069
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    Watchung, NJ 07069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Phillip Ln Watchung, NJ 07069
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