Two-Family Duplex Income
56-58 Hamilton Street Somerville, NJ 08876
For Sale
$575,000
Two-unit duplex with separate two-bedroom apartments, each with full bath and eat-in kitchen, plus a full basement.
Property Size1,560 SF
Price / SF$368.59
Days on Market154
Property Features for 56-58 Hamilton Street
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Multi-Family / Duplex
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
John Natale · License #0790719
(855) 450-0442
Source:
Compass
Added: Feb 20
Changed: Jul 23
Last Checked: Jul 23 at 7:05AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This two-family duplex offers two separate residential units, each featuring two bedrooms, one full bathroom, a living room, and an eat-in kitchen. The first-floor unit also includes a full basement, providing additional space for storage or other uses.
The property is located at 56-58 Hamilton Street in Somerville, NJ.
Offered for sale as a residential income property, it suits buyers looking for either an owner-occupant setup or an investment structure, with rental income potential supported by the two distinct apartments.
The property is located at 56-58 Hamilton Street in Somerville, NJ.
Offered for sale as a residential income property, it suits buyers looking for either an owner-occupant setup or an investment structure, with rental income potential supported by the two distinct apartments.
Key Highlights
- Two‑family duplex with 2 separate units
- Each unit offers 2 bedrooms and 1 full bathroom
- Both units include an eat‑in kitchen and a living room
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $21.60 |
| − Vacancy | −$1.9k | −$1.21 |
| EGI | $31.8k | $20.39 |
| − OpEx | −$9.5k | −$6.12 |
| NOI | $22.3k | $14.27 |
1,560 SF · lease $21.60/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,264 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$276.8K
$242.2K – $323.0K
NOI $19,377 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,514 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with separate two-bedroom apartments, each with full bath and eat-in kitchen, plus a full basement.
Where is this duplex located?
The property is located at 56-58 Hamilton Street Somerville, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family duplex with 2 separate units; Each unit offers 2 bedrooms and 1 full bathroom; Both units include an eat‑in kitchen and a living room
