181 Matilda Ave, Somerset, NJ 08873

12 beds8 baths2,610 sqft

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My Notes

Thinking of becoming a landlord and seeking an investment with a proven income stream? Look no further than the duplexes at 181 & 183 Matilda Avenue in Somerset. Both buildings are being offered together but are individually deeded with their own lot & block and associated property taxes. (Lot description and tax information were combined for this listing, call listing agent if clarification is needed). Each duplex has a proven track record of consistent, stable, and long-term occupancy and a solid rental income. All apartments are currently occupied. Even with below market rate rents, the properties earn a Gross Operating Income of approximately $65k/yr. There is significant potential for increased GOI given comparable units and asking rents in the area. A smart opportunity for the first-time or even experienced landlord!  More Less 


  • Lot: 0.58 acres
  • Multi Family
  • Built in 1950
  • 138 days on Zillow
  • Cooling: Wall
  • Heating: Baseboard, Other


  • Flooring: Carpet, Linoleum / Vinyl


      • Exterior material: Other
      • Roof type: Other
      • Room count: 32
      • # Stories: 2.0
      • Structure type: Other
      • Unit count: 4


      • Floor size: 2,610 sqft
      • Heating: Gas
      • Lot depth: 286
      • Lot width: 50
      • Parcel #: 0800222000000005
      • Unit floor #: 2
      • Zillow Home ID: 39874404

      Zestimate Details

      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      -$4,954 Last 30 days
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      -$37 Last 30 days
      Zestimate range

      Popularity on Zillow

      740 views since listing
      1,539 all-time (chart)
      3 shoppers saved
      this home to their list of favorites

      Home Expenses

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      Market guide

      Zillow predicts 08873 home values will rise 1.1% next year, compared to a 0.6% rise for Somerset as a whole. Among 08873 homes, this home is 98.7% more expensive than the midpoint (median) home, and is priced 29.7% more per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In 08873, the number of foreclosures waiting to be sold is 21.5% lower than in Somerset, and 35.8% less than the national average. This lower local number could help 08873 home values rise more quickly than other regions in Somerset.

      Learn more about forecast calculations or 08873 home values.
        More Less 

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        Nearby Schools in Somerset

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org