Two-Story Duplex with PO-R
New
For Sale
$625,000
72 N Bridge St, Somerville, NJ 08876
Multi-Family, 2-Two Story, Somerville Boro, NJ
Property Size2,728 SF
Lot Size0.10 Acres
Price / SF$229.11
Days on Market6
Property Features for 72 N Bridge St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PO-R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Basement, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
Parking
4
Patio and Porch features
Porch
Interior features
Blinds, Carbon Monoxide Detector, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Curbs, Enclosed Porch(es), Sidewalk, Storm Window(s)
Subdivision
North End/ Downtown
Lot features
Level Lot, Open Lot
Elementary school
VAN DEVEER
Middle school
SOMERVILLE
High school
SOMERVILLE
Directions
Route 22 to N Bridge St towards Somerville downdown # 72 on Left
Standard status
Active
Size
2,728 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12901
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX CLASSIC GROUP · RE/MAX International
(908) 698-4500
Listed By:
TREVON PEIRIS
(908) 231-0700
Added: Sep 15
Last Checked: Sep 20 at 9:06PM
MLS# 4052965
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,728-square-foot duplex occupies a 0.1-acre lot in Somerville Boro and is configured for two-story residential use. Each unit has independent central air conditioning and forced-air heat, along with separate water heaters, gas meters, and electric meters. The property also includes a full basement, walk-up attic, and enclosed porch for additional usable space and storage. Interior finishes include wood and vinyl-linoleum flooring.
PO-R zoning supports the property’s professional office and residential framework. The location is near downtown shopping and dining, as well as the train station. Public water and public sewer serve the property, with cable service available. Exterior features include sidewalks, curbs, storm windows, and a shingle roof.
PO-R zoning supports the property’s professional office and residential framework. The location is near downtown shopping and dining, as well as the train station. Public water and public sewer serve the property, with cable service available. Exterior features include sidewalks, curbs, storm windows, and a shingle roof.
Key Highlights
- 2,728‑square‑foot duplex on a 0.1‑acre lot
- PO‑R zoning supports professional office and residential use
- Separate utilities for each unit, including HVAC, water, gas, and electric
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,860
$916.9K
Cap Rate 7%
$654,900
$654.9K
Cap Rate 9%
$509,367
$509.4K
Market Conditions
NOI Build-Up for 2,728 SF
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.
Gross rent
$94.3K $34.56/SF
− Vacancy
−$20.9K −$7.67/SF
EGI
$73.3K $26.89/SF
− OpEx
−$27.5K −$10.08/SF
NOI
$45.8K $16.80/SF
Area
Somerset County, NJ
Vacancy
22.20%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,860
Cap Rate 7%
$654,900
Cap Rate 9%
$509,367
Alternative Uses
Best Use
Mixed Use
$654.9K
$573.0K – $764.1K
NOI $45,843 @ 7.0% cap · market cap 7.33%
Second Best
Multifamily LT 5
$556.2K
$486.7K – $648.9K
NOI $38,933 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$712.3K
$623.3K – $831.1K
NOI $49,863 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 08876, NJ
22,849
Population
9,717
Households
2.4
Avg Household Size
40
Median Age
56%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
1,428
Density / Sq Mi
$120,823
Median Household Income
$70,464
Median Earnings
$1,776
Median Rent
$468,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate utilities, full basement, attic storage, and enclosed porch near downtown amenities and rail service.
Where is this duplex located?
The property is located at 72 N Bridge St Somerville, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,728‑square‑foot duplex on a 0.1‑acre lot; PO‑R zoning supports professional office and residential use; Separate utilities for each unit, including HVAC, water, gas, and electric
