High-Demand 8% Cap Rate Investment Opportunity Just One Block from Downtown Somerville! Perfectly positioned near Somerville's vibrant downtown and NJ Transit to NYC, this 2-family duplex is a prime opportunity for any investor or owner-occupant seeking immediate income in a high-growth market. Each unit features 2 bedrooms and 1 full bath, with separate entrances, private storage, and laundry access in the basement. Off-street parking via a private driveway, plus ample street parking, makes it tenant-friendly and low-maintenance. Walkable to shops, restaurants, bars, cafes, and the train stationand just minutes from major routesthis location ensures continued rental demand and long-term value. Rarely does a property in this condition, location, and price point hit the marketsecure a solid-performing asset in one of Somerset County's most sought-after rental corridors.
Parking Features: 1-2 Car Parking, On Street, See Remarks
Utilities
Gas Company: Natural Gas
Cooling: A/C Window Unit(s)
Heating: Radiators-Hot Water
Heating Yn: Yes
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
Lot Info
Lot Size Sq Ft: 7980
Zoning: PO-R
Rental Info
Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)
Tax Info
Tax Annual Amount: 10029
Tax Year: 2024
Multi Family
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Number Of Separate Water Meters: 2
Map
Range of Values:
Collateral Analytics
Collateral Analytics
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ICE
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First American
First American
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Quantarium
Quantarium
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Average Value
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List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
While pursuing his law degree, Peter began working for a large, well-known landscaping company in Poland, which ultimately led to the creation of his own construction company.
After focusing on the construction of gas stations, county and main roads, and overseeing finishing work on apartment complexes, Peter’s natural next step was real estate—a field where he could combine his business acumen with his passion for helping people.
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