Multi-Family $ 625,000

0-81-83 Grove ST

Somerville, NJ 08876

  • 4 Beds
  • 2 Baths
    Full Baths: 2
  • 2,142 SqFt
  • 7,980 Lot Size
  • 1900 Year Built
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.
Listed by EXP REALTY, LLC

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PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type 2 Family

    Listing Status Under Contract

    Purchase Type For Sale

    Square Footage 2, 142 sqft

    Price per Sqft $291

    MLS Listing ID 2660693M

    Bedrooms 4

    Full Baths 2

    Year Built 1900

    Annual Tax Amount $10,029

    Tax Year 2024

    Lot Size 7,980 Sqft

    Acres 0.1832

    Lot Dimensions 57X140

    Property Sub-Type 2 Family

    Source CJMLS API

  • Location

    State NJ

    County Somerset

    Zoning PO-R

  • Rooms

    Basement Full, Laundry Facilities, Storage Space

  • Building

    Lot Description Level, Near Public Transit, Near Shopping, Near Train

    Story 2

    Sewer Public Sewer

    Water Public

  • Interior

    Interior Features Unit 1(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room), Unit 2(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room)

    Heating Radiators-Hot Water

    Cooling A/C Window Unit(s)

    Window Features Blinds

    Appliance Water Heater(Gas), Water Heater

    Heat Source Natural Gas

  • Exterior

    Exterior Feature Porch(es) - Enclosed, Blinds, Porch, Private Entrance

    Utilities Available Electricity Connected, Natural Gas Connected

    Roof Type Asphalt

    Porch Enclosed, Porch

  • Others

    Senior Community no

    Tax ID 1800070000000018

    Ownership Fee Simple

    Energy Description Natural Gas

    Virtual Tour https://www.zillow.com/view-imx/187282ec-3356-4ad9-9fad-0dab9a5c8c15?wl=true&setAttribution=mls&initialViewType=pano

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