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    Somerville, NJ Multifamily Properties for Sale

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    Approved Two-Unit Conversion Property
    Updated: Aug 13
    Approved Two-Unit Conversion Property

    281 E Main St, Somerville, NJ 08876

    $849,000
    4,496 sqft 0.34 AC lot
    Approved plans for two 3‑bedroom, 3 full‑bath residences
    4,496 square feet on a 0.34‑acre parcel
    Unit 1 planned at approximately 1,843 square feet
    Unit 2 planned at approximately 2,461 square feet across the second and third floors
    Six proposed parking spaces with site lighting and drainage improvements
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    This listing looks promising.

    Here's a quick look at some key insights for

    281 E Main St, Somerville Boro, NJ 08876-3005

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $64K
      Annual

    • Price @ 7% Cap

      $917K
      Above asking

    • Last Sold

      Apr 2009
      $305K

    • Property Type

      Commercial (General)
      Built 1960
    View Property Analytics
    Two-Unit Duplex with Parking
    Updated: Jun 12
    Two-Unit Duplex with Parking

    185 W Cliff St, Somerville, NJ 08876

    $670,000
    0.20 AC lot
    Two‑unit duplex with 1‑bedroom first‑floor and 2‑bedroom second‑floor apartments
    Renovated second‑floor unit includes a bonus room for office, flex, workout, or storage use
    Each unit has two entrances and two dedicated off‑street parking spaces
    Wraparound porch with composite deck, dry basement, laundry hookups, and storage
    Built in 1910 on a 0.2‑acre lot at 185 W Cliff St, Somerville Boro, NJ
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    Two-Unit Duplex with Basement
    Two-Unit Duplex with Basement

    38 N Gaston Ave, Somerville, NJ 08876

    $599,000
    0.29 AC lot

    Two four-bedroom residences with separate baths, central air, and substantial off-street parking near downtown Somerville.

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    Two-Unit Residential Income Home
    Two-Unit Residential Income Home

    185 West Cliff Street, Somerville, NJ 08876

    $685,000
    882 sqft

    Two separate units with independent entrances, dedicated off-street parking, and laundry hookups in a low-maintenance basement setting.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Approved Two-Unit Conversion Property
    Approved Two-Unit Conversion Property

    281 E Main St E, Somerville, NJ 08876

    $849,000
    2,142 sqft

    Approved plans provide two private residences with separate entrances and substantial living areas.

    View details
    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 5 Active listings in Somerville, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 18 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Duplex with Detached Garage
    Renovated Duplex with Detached Garage

    1320 Knopf Street, Manville, NJ 08835

    $649,000

    Two-family residence with separate living spaces, shared laundry, and a walkout basement.

    View details
    Two-Unit Duplex Near Train Station
    Two-Unit Duplex Near Train Station

    87-89 W Somerset St, Raritan, NJ 08869

    $550,000

    Income-producing duplex with consistent two-bedroom layouts and parking for residents or visitors.

    View details
    Two-Unit Duplex Near Downtown
    Two-Unit Duplex Near Downtown

    87 W Somerset St, Raritan, NJ 08869

    $550,000

    Two residential units offer flexible occupancy with parking and access to nearby shops, dining, and train service.

    View details
    2-Unit Duplex with Garage
    2-Unit Duplex with Garage

    Manville, NJ 08835

    $489,000
    0.17 AC lot

    Two-story configuration includes a deck, basement, and freestanding garage.

    View details

    Off-Market Properties in Somerville, NJ

    Consider similar Off-Market properties in Somerville, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    168 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)

    168 Brg St, Somerville, NJ 08876-1644

    $445,000
    Estimated value
    0.84 AC lot
    View details
    140 Fairview Ave, Unit 146
    APARTMENT HOUSE (UNDER 5 UNITS)

    140 Fairview Ave, Somerville, NJ 08876-3104

    Unit 146
    $1,125,000
    Estimated value
    0.31 AC lot
    View details
    152 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)

    152 Brg St, Somerville, NJ 08876-3239

    $11,145,000
    Estimated value
    60,680 sqft 3.00 AC lot
    View details
    151 Fairview Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    151 Fairview Ave, Somerville, NJ 08876-3134

    $605,000
    Estimated value
    3,080 sqft 0.23 AC lot
    View details
    150 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)

    150 Brg St, Somerville, NJ 08876-3238

    $4,185,000
    Estimated value
    17,928 sqft 4.56 AC lot
    View details
    11 New St
    APARTMENT HOUSE (UNDER 5 UNITS)

    11 New St, Somerville, NJ 08876-2818

    $445,000
    Estimated value
    1.17 AC lot
    View details
    139 Fairview Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    139 Fairview Ave, Somerville, NJ 08876-3138

    $380,000
    Estimated value
    0.23 AC lot
    View details
    135 Fairview Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    135 Fairview Ave, Somerville, NJ 08876-3137

    $355,000
    Estimated value
    0.23 AC lot
    View details
    147 Fairview Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    147 Fairview Ave, Somerville, NJ 08876-3140

    $360,000
    Estimated value
    3,744 sqft 0.23 AC lot
    View details
    143 Fairview Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    143 Fairview Ave, Somerville, NJ 08876-3139

    $345,000
    Estimated value
    0.23 AC lot
    View details
    245 Mtn Ave, Unit 251
    APARTMENT HOUSE (UNDER 5 UNITS)

    245 Mtn Ave, Somerville, NJ 08876-1501

    Unit 251
    $1,700,000
    Estimated value
    30,784 sqft 1.97 AC lot
    View details
    93 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)

    93 Brg St, Somerville, NJ 08876-2931

    $395,000
    Estimated value
    6,350 sqft 0.16 AC lot
    View details
    135-139 Clf St, Unit 139
    APARTMENT HOUSE (UNDER 5 UNITS)

    135-139 Clf St, Somerville, NJ 08876-2443

    Unit 139
    $390,000
    Estimated value
    3,712 sqft 0.23 AC lot
    View details
    148 Fairview Ave, Unit 154
    APARTMENT HOUSE (UNDER 5 UNITS)

    148 Fairview Ave, Somerville, NJ 08876-3104

    Unit 154
    $410,000
    Estimated value
    5,672 sqft 0.31 AC lot
    View details
    60 Veterans Memorial E Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    60 Veterans Memorial E Dr, Somerville, NJ 08876-2956

    $385,000
    Estimated value
    5,756 sqft 0.08 AC lot
    View details
    215 Main St, Unit 229
    APARTMENT HOUSE (UNDER 5 UNITS)

    215 Main St, Somerville, NJ 08876-3022

    Unit 229
    $470,000
    Estimated value
    2.26 AC lot
    View details
    150 Mercer St
    APARTMENT HOUSE (UNDER 5 UNITS)

    150 Mercer St, Somerville, NJ 08876-1551

    $420,000
    Estimated value
    1.12 AC lot
    View details
    221 High St
    APARTMENT HOUSE (UNDER 5 UNITS)

    221 High St, Somerville, NJ 08876-2430

    $360,000
    Estimated value
    0.71 AC lot
    View details

    Somerville, NJ Multifamily Properties Market Trends and Statistics

    Explore 23 multifamily properties for sale in Somerville, NJ, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,520 square feet of properties for sale, with an estimated market value of $3,652,000.

    Sale prices for multifamily properties in Somerville, NJ start at $599,000, averaging $730,400, and reaching up to $849,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6

    Demographics Overview

    Population 23K
    Population Growth (5Y) +3.8%
    Median Household Income $120,823
    College Educated 77.4%

    High-Yield Neighborhoods for Investment

    Identify Somerville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    08876 $636.4K

    Taxes & Financing

    Tax Rate (average for all types) 2.23%
    Property Tax per SF $24.12 per SF
    Tax Rate vs County Average 0.18 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Somerset County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Somerville fall within the 5,000 to 10,000 square foot range.

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