BEDS0
BATHS4
SQUARE FEET2,500
MLS#4026337
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investment opportunity in the heart of North Plainfield! 196 & 200 Somerset Street offer a rare chance to own two income-producing buildings on one oversized lot with ample on-site parking. A unique mixed-use asset with strong cash flow and future upside. 200 Somerset features a 4-unit residential building comprised of three 1-bedroom apartments plus one 2-bedroom duplex unit. 196 Somerset includes a street-level liquor store with four additional 1-bedroom apartments above, creating a diverse income stream with both commercial and residential tenants. Positioned on a large lot in a high-visibility location, this property offers approximately a 6% cap rate with potential value-add and redevelopment opportunities for investors looking to maximize the site's long-term potential. Whether you're seeking steady cash flow, mixed-use exposure, or future development possibilities, this is a rare portfolio-style offering in a growing Somerset County corridor. Perfect for investors, developers, or owner-operators looking to secure a high-demand mixed-use property with existing income and upside potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Walkout
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: Baseboard - Hotwater
Lot Size: 0.22 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $20,706
Year Built: 1910
Feature Descriptions
Exterior: Aluminum
Location: Business District
Lot Dimensions: 0.22 acre(s)
Max Door height: 0
Parking: Driveway-Exclusive, Off-Street Parking, Parking Lot-Exclusive
Sewer: Public Sewer
Units: 4
Utilities: Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: SIGNATURE REALTY NJ
Agency Contact: 908-721-1613
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 6,759.97 per month $4,451.13 Principal & Interest $1,725.50 Property Tax $583.33 Homeowner's InsuranceChange Payment Information
200 Somerset St | MLS# 4026337
This multi-family property located at 200 Somerset St, North Plainfield, NJ 07060 is currently listed for sale with an asking price of $2,000,000. Search North Plainfield real estate on www.realtymark.net today.