27 E Pierson Ave Somers Point, NJ 08244
Estimated payment $3,158/month
Total Views
3,170
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
About This Home
Investor’s Dream or Live-In Opportunity – Duplex at 27 E Pierson Ave! Welcome to this well-maintained duplex located in a desirable neighborhood, offering both solid rental income and future potential. This property features two spacious units: Unit 1: 1 Bedroom, 1 Bathroom. Unit 2: 3 Bedrooms, 1 Bathroom Currently generating $4,000 /month in rental income, this property is a great opportunity for investors looking for strong cash flow, or for an owner-occupant seeking to live in one unit while renting the other. Additional highlights include: Ample off-street parking for tenants and guests Well-kept interiors with reliable tenants in place Excellent upside potential with a simple reconfiguration of the 2-bedroom unit Don’t miss out on this versatile investment in a prime location! Brand new roof!! 7.25% CAP Rate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,872
Year Built
- 1920
Parking
- 3 Parking Spaces
Home Design
- Duplex
- Vinyl Siding
Utilities
- Window Unit Cooling System
- Baseboard Heating
Additional Features
- Crawl Space
- Lot Dimensions are 85x90
Community Details
- 2 Units
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,872 | $164,200 | $80,500 | $83,700 |
| 2023 | $5,486 | $164,200 | $80,500 | $83,700 |
| 2022 | $5,486 | $164,200 | $80,500 | $83,700 |
| 2021 | $5,404 | $164,200 | $80,500 | $83,700 |
| 2020 | $5,294 | $164,200 | $80,500 | $83,700 |
| 2019 | $5,144 | $164,200 | $80,500 | $83,700 |
| 2018 | $5,036 | $164,200 | $80,500 | $83,700 |
| 2017 | $5,497 | $185,900 | $80,500 | $105,400 |
| 2016 | $5,248 | $185,900 | $80,500 | $105,400 |
| 2015 | $5,194 | $185,900 | $80,500 | $105,400 |
| 2014 | $5,019 | $185,900 | $80,500 | $105,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | For Sale | $479,000 | +205.1% | -- |
| 08/28/2020 08/28/20 | Sold | $157,000 | -17.3% | -- |
| 07/11/2020 07/11/20 | Pending | -- | -- | -- |
| 05/25/2020 05/25/20 | For Sale | $189,900 | +22.5% | -- |
| 10/11/2013 10/11/13 | Sold | $155,000 | 0.0% | -- |
| 09/11/2013 09/11/13 | Pending | -- | -- | -- |
| 02/18/2013 02/18/13 | For Sale | $155,000 | -- | -- |
Source: South Jersey Shore Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | New Title Company Name | |
| Deed | $157,000 | None Listed On Document | |
| Deed | $155,000 | Freedom Title & Abstract Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $243,750 | New Conventional | |
| Previous Owner | $165,100 | New Conventional | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $25,000 | No Value Available | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
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Source: South Jersey Shore Regional MLS
MLS Number: 596234
APN: 21-00511-0000-00006
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