Two-Story
For Sale
$629,000
Somerville Boro, Somerville, NJ 08876
Multi-Family, 2-Two Story, Somerville Boro, NJ
Property Size1,920 SF
Lot Size0.20 Acres
Price / SF$327.60
Days on Market10
Property Features for Somerville Boro
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking
4
Patio and Porch features
Porch
Interior features
Carbon Monoxide Detector, Carpeting, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Curbs, Enclosed Porch(es), Sidewalk, Storm Door(s), Storm Window(s)
Lot features
Corner, Level Lot
Elementary school
VAN DEVEER
Middle school
SOMERVILLE
High school
SOMERVILLE
Standard status
Active
Size
1,920 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11653
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX PREFERRED PROFESSIONALS · RE/MAX International
(908) 874-3308
Listed By:
PATRICK M KELLY · License #SB7941508
(908) 874-3308 x12
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 7 at 6:06AM
MLS# 4055733
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 two-story duplex contains 1,920 square feet on a 0.2-acre parcel. The residence was built in 1900 and includes six listed bedrooms, two bathrooms, a basement, and a porch. Interior finishes include wood and tile flooring alongside carpeting and vinyl flooring. Baseboard heating uses hot water, and the roof is shingle. Public water and sewer are available.
The property is near schools, parks, shopping, bus and train service, and Downtown Somerville. Sidewalks and curbs are among the exterior features. An owner occupant has lived on the first floor for many years.
The property is near schools, parks, shopping, bus and train service, and Downtown Somerville. Sidewalks and curbs are among the exterior features. An owner occupant has lived on the first floor for many years.
Key Highlights
- Two‑family duplex with 1,920 square feet
- 0.2‑acre parcel; residence built in 1900
- Room list includes six bedrooms, two bathrooms and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,402
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,040
$548.0K
Cap Rate 7%
$391,457
$391.5K
Cap Rate 9%
$304,467
$304.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$39.1K $20.39/SF
− OpEx
−$11.7K −$6.12/SF
NOI
$27.4K $14.27/SF
Area
Somerset County, NJ
Vacancy
5.61%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,040
Cap Rate 7%
$391,457
Cap Rate 9%
$304,467
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$340.7K
$298.1K – $397.5K
NOI $23,849 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$501.4K
$438.7K – $584.9K
NOI $35,095 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
857
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
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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 - Public water and sewer serve this two-family residence.
Where is this duplex located?
The property is located at Somerville Boro Somerville, NJ.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two‑family duplex with 1,920 square feet; 0.2‑acre parcel; residence built in 1900; Room list includes six bedrooms, two bathrooms and a basement
