Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Family Corner Home with Garage Title is generated by Realmo AI

    300 Watson Avenue, Plainfield, NJ 07062

    View on Map
    Claim this Listing
    New
    For Sale
    $579,999

    Well-maintained two-family home with two 2-bedroom units, a full unfinished basement, and detached 2-car garage on a corner lot.

    Type:Multi Family / 2-Two Story
    Property size:
    1,020 SF
    Price / SF:
    $568/SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:51 am

    Property Features for 300 Watson Avenue

    General Information

    Standard status
    Active
    Size
    1,020 SF
    Property subtype
    Multi Family / 2-Two Story

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    FILIBERTO RAMOS

    Listing agent FILIBERTO RAMOS License #289630

    Listing office KELLER WILLIAMS VILLAGE SQUARE

    Listing date Jun 3, 2026

    Source Compass

    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 KELLER WILLIAMS VILLAGE SQUARE

    HighLights

    • Well‑maintained two‑family home with two 2‑bedroom, 1 full bathroom units
    • Full unfinished walkout basement offers extra storage and potential for future use
    • Detached 2‑car garage for convenient off‑street parking
    • Prominent corner lot with vinyl siding, patio, and storm doors
    • Built in 1960; asphalt shingle roof
    • Wood floors plus safety features including smoke detectors and fire extinguisher

    Overview

    This well-maintained two-family home offers two spacious residential units, each with 2 bedrooms and 1 full bathroom. The property includes a full unfinished basement that provides substantial storage and future flexibility for additional uses. A detached 2-car garage adds practical parking and everyday convenience.

    The home sits on a prominent corner lot, which contributes to added privacy and allows for abundant natural light. It is located on Plainfield’s East Side and is positioned near schools, parks, shopping, dining, and major transportation routes.

    For buyers seeking rental income or an owner-occupied setup, the duplex configuration provides two separate living spaces while maintaining one address and shared property management. The unfinished basement can support storage needs today, with the opportunity to tailor the space to longer-term plans. The detached garage further supports day-to-day functionality for either tenants or an owner-occupant.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.404931
    Latitude
    40.630895

    Nearby Similar for Sale

    • $799,000
      2,735 SF

      Renovated Multi-Family Home

      Spacious, renovated two-family home in North Plainfield's historic district.
      113 Park Pl, North Plainfield Boro, NJ 07060-4607
      View Details
    • $2,500,000
      25,000 SF

      Nursery Greenhouse and Warehouse

      For-sale nursery and greenhouse operation with multiple large greenhouses, warehouse, and on-site cold storage for plant processing and sales.
      191 Greenbrook Rd, North Plainfield Boro, NJ 07060-3921
      View Details
    • $2,500,000
      25,000 SF

      Nursery Greenhouse and Warehouse

      Turnkey nursery operation with multiple greenhouses, warehouse support, and inventory included for immediate business continuity.
      191 Greenbrook Rd, North Plainfield Boro, NJ 07060-3921
      View Details
    • $599,900
      1,800 SF

      Plainfield Multifamily Property For Sale

      Two-unit multifamily property with parking and finished basement.
      659 S 2nd Street, Plainfield, NJ 07060
      View Details
    • $599,900
      1,800 SF

      Plainfield Multifamily Property For Sale

      Multifamily property with parking, finished basement, and updated features.
      659 S 2nd Street, Plainfield, NJ 07060
      View Details
    • $550,000
      1,598 SF

      Two-Family Home with Income Potential

      Well-maintained two-family home in Plainfield City, great income potential.
      822-24 W 6Th St, Plainfield City, NJ 07063-1428
      View Details
    • $1,500,000
      6,144 SF

      Turnkey Healthcare Facility Opportunity

      Established residential healthcare facility for sale near Route 22.
      518 Central Avenue, Plainfield, NJ 07060
      View Details
    • $1,400,000
      4,588 SF

      Turnkey Residential Healthcare Facility

      Established income potential near Route 22 and local amenities.
      600 Central Avenue, Plainfield, NJ 07060
      View Details
    • $699,900

      Renovated Two-Unit Dwelling

      Recently renovated two-unit dwelling in a convenient location.
      1315 Murray Ave, Plainfield City, NJ 07060-3217
      View Details
    • $529,000

      Income-Producing Two-Family Home

      Two-unit property in North Plainfield near amenities and transportation.
      30 Rockview Ter, North Plainfield Boro, NJ 07060-4514
      View Details
    • $480,000
      2,000 SF

      Retail Space in Plainfield City

      2000 Sq Ft retail space in Plainfield City, NJ.
      331-35 Park Ave, Plainfield City, NJ 07060-4229
      View Details
    • $1,099,000
      9,999 SF

      Historic 6-Family Home Investment

      Charming 6-unit property in North Plainfield's Historic District.
      64 Washington Ave, North Plainfield Boro, NJ 07060-4640
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home with two 2-bedroom units, a full unfinished basement, and detached 2-car garage on a corner lot.
    Where is this duplex located?
    The property is located at 300 Watson Avenue Plainfield, NJ.
    What is the asking price?
    The asking price for this property is $579,999.
    What are key features of this property?
    This property features: Well‑maintained two‑family home with two 2‑bedroom, 1 full bathroom units; Full unfinished walkout basement offers extra storage and potential for future use; Detached 2‑car garage for convenient off‑street parking
    (201) 445-4300
    We can help!
    Listing Contact
    FILIBERTO RAMOS
    Real Estate License ID: 289630
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Watson Avenue, Plainfield, NJ 07062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!