Three-Unit Residential Income
For Sale
Contact for pricing
Pending
54 W Somerset St, Raritan, NJ 08869
Three-unit property with gas heat and hot water, plus a fenced rear parking lot for potential long-term lease.
Property SizeContact for details
Days on Market140
Property Features for 54 W Somerset St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Amenities
private parking lot
Building Details
Tenancy
Multi
Listing Agency:
Century 21 KEIM REALTORS Allentown
(877) 208-4158
Listed By:
Loren Keim · License #PA
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Aug 28 at 12:16PM
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 Century 21 KEIM REALTORS Allentown
Investment Insights
Based on property information with market context.
This three-unit residential income property includes gas heat and gas hot water. The building requires TLC. Unit 1 is located on the first floor at the front of the house and features a living room, bedroom, galley kitchen, and bath. Unit 2 is on the second floor at the front and includes a living room, bedroom, galley kitchen, and bath. The rear unit is two stories and offers a living room/kitchen combo, a full bath, and two additional rooms upstairs that may function as separate bedrooms.
The property also has a large fenced lot with private parking behind the building, which may be leased for long-term parking. It is described as being close to the train station.
Overall, the configuration supports multiple separate living areas along with an off-street parking component in the fenced rear yard.
The property also has a large fenced lot with private parking behind the building, which may be leased for long-term parking. It is described as being close to the train station.
Overall, the configuration supports multiple separate living areas along with an off-street parking component in the fenced rear yard.
Key Highlights
- Three‑unit property in the heart of Raritan with gas heat and gas hot water
- Unit 1: first‑floor front unit with living room, bedroom, galley kitchen, and bath
- Unit 2: second‑floor front unit with living room, bedroom, galley kitchen, and bath
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 08869, NJ
7,835
Population
3,257
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
3,918
Density / Sq Mi
$103,699
Median Household Income
$50,108
Median Earnings
$1,927
Median Rent
$449,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with gas heat and hot water, plus a fenced rear parking lot for potential long-term lease.
Where is this triplex located?
The property is located at 54 W Somerset St Raritan, NJ.
What are key features of this property?
This property features: Three‑unit property in the heart of Raritan with gas heat and gas hot water; Unit 1: first‑floor front unit with living room, bedroom, galley kitchen, and bath; Unit 2: second‑floor front unit with living room, bedroom, galley kitchen, and bath
