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Property profile & analytics
OFF-MARKET
Residential income homes
147 Fairview Ave Somerville, NJ 08876-3140
Entity Owned
11-yr Hold
Free & Clear
Property ID
US59-1566952
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
FRAME
Total area
3,744 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R-3
APN
18 00049-0000-00009
UPID
US59-1566952
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
H30-147 Management LLC · 11 yrs held
H30-147 Management LLC
since 2014
2 recorded transactions
Zoning & alternative use
R-3 · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
102-95 Applicability. § 102-96 Establishment of Zoning Districts. § 102-97 Zoning Map. § 102-98 Zoning Schedules. § 102-99 R-1 Single Family Residence District. § 102-100 R-2 Single Family Residence District. § 102-101 R-3 Single Family Residence District. § 102-102 G Garden Apartment District. § 102-103 SC Senior Citizen Housing District. § 102-104 PO-R Pro…
Zone name
Single Family Residence District
General category
RESIDENTIAL
Zone area
71.92 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,917
Tax year 2022
Assessed value
$449,800
Assessed 2023
Previous assessed
$449,800
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$83,000
Assessed improvement
$366,800
Land market value
$83,000
Improvement market value
$366,800
Total market value
$449,800
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
3,744 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R-3
APN
18 00049-0000-00009
UPID
US59-1566952
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Somerville, NJZoning R-3 · permitted uses
R-3 · Somerville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
102-95 Applicability. § 102-96 Establishment of Zoning Districts. § 102-97 Zoning Map. § 102-98 Zoning Schedules. § 102-99 R-1 Single Family Residence District. § 102-100 R-2 Single Family Residence District. § 102-101 R-3 Single Family Residence District. § 102-102 G Garden Apartment District. § 102-103 SC Senior Citizen Housing District. § 102-104 PO-R Professional Office-Residential District. § 102-105 B-1 Central Business District. §
Zone name
Single Family Residence District
General category
RESIDENTIAL
Zone area
71.92 ac
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
H30-147 Management LLC
Entity
Free & Clear · 11 yrs held
Mailing address
16 GRANDIN TER, ANNANDALE, NJ 08801-3344
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2014
$535,000
H30-147 Management LLC
Gruszewski Family Trust
Grant Deed
—
—
—
H30-143 Management LLC
—
Deed Of Trust
related
$465,000 · Provident Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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