Listing Agency: Davis Commercial B***@DavisCRE.com Show Phone

Listed By: Brian Walsh

Source: Crexi

Added: Apr 23 Changed: Jul 21 Last Checked: Aug 5 at 5:17AM

Report an Issue

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 Davis Commercial

Investment Insights

Based on property information with market context.

This property is a multifamily building offering 9 units, presented for sale as a residential income asset.

The building is located at 507 Hamilton Street in Somerset, New Jersey.

Key Highlights

• Multifamily building for sale with 9 total units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Dental Office Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Location Intelligence

Trade Area within ½ mile

409

Businesses Nearby

Explore this area Business Placement

Demographics for 08873, NJ

55,500

Population

22,142

Households

2.5

Avg Household Size

42

Median Age

54%

College-Educated

93%

High-School Grad

32.1 sq mi

ZIP Area

1,729

Density / Sq Mi

$117,866

Median Household Income

$61,727

Median Earnings

$1,942

Median Rent

$438,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Top-Level Office Suite for Sale

Somerset, NJ 08873

$195,000

1,313 SF

View details

Second-Floor Suite 201 Office

Somerset, NJ 08873

$195,000

1,313 SF

View details

Single-Level School Property

Somerset, NJ 08873

$14,999,000

52,336 SF

View details

Second-Floor Office Suite 202

202-11 Clyde Rd, Somerset, NJ

$195,000

1,313 SF

View details

Second-Floor Office Suite

201-11 Clyde Rd, Somerset, NJ

$195,000

1,313 SF

View details

Convenience and Smoke Shop Leasehold

Somerset, NJ 08873

$160,000

64,857 SF

View details

Professional Medical Office Building

1350 Hamilton St, Somerset, NJ 08873

Contact for pricing

5,509 SF

View details

Professional and Medical Office Building

1350 Hamilton Street, Somerset, NJ 08873

Contact for pricing

5,509 SF

View details

Warehouse with 10 Loading Docks

50 Jiffy Road, Somerset, NJ 08873

Contact for pricing

73,310 SF

View details

Ground-Level Wellness and Office Suite

Somerset, NJ 08873

Contact for pricing

7,669 SF

View details

Single-Story Industrial Office School Facility

Somerset, NJ 08873

Contact for pricing

52,336 SF

View details

Office Unit With Private Bathroom

202-27 Clyde Rd, Somerset, NJ

$190,000

View details

Frequently Asked Questions

What type of property is this?

Apartment building - For sale multifamily building with 9 total units.

Where is this apartment building located?

The property is located at 507 Hamilton Street Somerset, NJ.

What are key features of this property?

This property features: Multifamily building for sale with 9 total units