Mixed-Use Income
For Sale
$2,000,000
200 Somerset St, North Plainfield, NJ 07060
Two income-producing buildings on one oversized lot with on-site parking, including residential units and a street-level liquor store.
Property Size2,500 SF
Days on Market119
Property Features for 200 Somerset St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Financials
Cap Rate
6%
Business Included
Yes
Additional Details
Liquor License
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$20,706
Building Details
Building Size
2,500 SF
Year Built
1910
Stories
3
Units
4
Listed By:
STEPHANIE SOARES · License #1538120
(908) 721-1613
Source:
Elliman
Added: May 9
Changed: Sep 2
Last Checked: Sep 4 at 11:11AM
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 STEPHANIE SOARES
Investment Insights
Based on property information with market context.
This mixed-use income property consists of two buildings offered together on one oversized lot with ample on-site parking. 200 Somerset Street features a four-unit residential building with three 1-bedroom apartments and one 2-bedroom duplex unit.
196 Somerset Street includes a street-level liquor store, along with four additional 1-bedroom apartments above. The asset is described as positioned in a high-visibility location in North Plainfield. BikeScore is 29 (somewhat bikeable), WalkScore is 38 (car-dependent), and transitScore is 33 (some transit).
196 Somerset Street includes a street-level liquor store, along with four additional 1-bedroom apartments above. The asset is described as positioned in a high-visibility location in North Plainfield. BikeScore is 29 (somewhat bikeable), WalkScore is 38 (car-dependent), and transitScore is 33 (some transit).
Key Highlights
- Two income‑producing buildings (196 & 200 Somerset Street) on one oversized lot with on‑site parking
- 200 Somerset includes a 4‑unit residential building: three 1‑bedroom apartments plus one 2‑bedroom unit
- 196 Somerset includes a street‑level liquor store plus four 1‑bedroom apartments above
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 07060, NJ
48,423
Population
16,154
Households
3
Avg Household Size
35
Median Age
22%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
9,685
Density / Sq Mi
$72,882
Median Household Income
$32,867
Median Earnings
$1,629
Median Rent
$369,400
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?
Quadplex - Two income-producing buildings on one oversized lot with on-site parking, including residential units and a street-level liquor store.
Where is this quadplex located?
The property is located at 200 Somerset St North Plainfield, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two income‑producing buildings (196 & 200 Somerset Street) on one oversized lot with on‑site parking; 200 Somerset includes a 4‑unit residential building: three 1‑bedroom apartments plus one 2‑bedroom unit; 196 Somerset includes a street‑level liquor store plus four 1‑bedroom apartments above
