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Property profile & analytics
OFF-MARKET Estimated value $500,000
Commercial real estate

490 Hamilton St Somerset, NJ 08873-2664

1,825 SF 0.15 ac lot Built 1925
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-0907213
Property summary
AI-generated overview

This exceptional investment opportunity in Somerset, NJ, presents a 1,980 square foot multi-unit building situated on a 0.15-acre lot. The property features a detached two-car garage, providing ample parking. Currently, the second floor is occupied by a tenant paying a monthly rent of $2,300, generating a strong cash flow. The first floor, previously used as an office space, is currently vacant, offering significant potential for additional income. The building boasts a central air and furnace system, both installed in 2007, ensuring efficient climate control. Separate utility meters for each unit simplify billing and management. The property is priced competitively to facilitate a swift sale. The large lot size offers additional possibilities for expansion or outdoor improvements. This property is ideal for investors seeking a high-return investment with immediate income generation and significant upside potential. The combination of a strong tenant, vacant space for lease, and desirable location makes this a truly compelling opportunity. Don't miss out on this chance to acquire a profitable and well-maintained multi-unit property in a thriving market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1925
Construction FRAME
Total area 1,825 SF
Lot 0.15 ac (6,666 SF)
Zoning code HBD
APN 08 00183-0000-00006
UPID US59-0907213
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
$455k
CAP Approach CAP
$470k
Comparable Approach Comparable
$541k
Blend (final) Blend
$500k
Owner & transaction history
490 Hamilton Holding LLC · 1 yrs held
490 Hamilton Holding LLC
since 2025
Last sale
$526,000
7 recorded transactions
2025
$526,000
2023
$435,000
2012
$135,000
2012
$1,000
2006
$335,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
HBD · Somerset, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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