81-83 Grove St
Somerville Boro, NJ 08873
Price: $625,000
GSMLS: 3992773Type: Multi-Family
Style: Duplex-Side by Side
Total Units: 2
Beds: 4
Baths: 2 Full
Garage: No
Year Built: 1900
Acres: 0.18
Property Tax: $10,028
Description
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 Station And Just Minutes From Major Routes This Location Ensures Continued Rental Demand And Long-term Value.rarely Does A Property In This Condition, Location, And Price Point Hit The Market Secure A Solid-performing Asset In One Of Somerset County's Most Sought-after Rental Corridors.
General Info
Style:
Duplex-Side by Side
SqFt Building:
2,142
Total Rooms:
10
Basement:
Yes - Unfinished
Interior:
Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
57X140
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width, Blacktop, Driveway-Exclusive, On-Street Parking
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Radiators - Hot Water
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Fiber Optic Available, Garbage Included
School Information
Elementary:
SOMERVILLE
Middle:
SOMERVILLE
High School:
SOMERVILLE
Community Information
County:
Somerset
Town:
Somerville Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$625,000
Tax Amount:
$10,028
Land Assessment:
$113,100
Build. Assessment:
$140,600
Total Assessment:
$253,700
Tax Rate:
3.95
Tax Year:
2024
Listing Information
MLS ID:
3992773
List Date:
10-15-2025
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
