Discover the perfect blend of income potential and future possibilities at 16 Millstone Rd a well-maintained side-by-side duplex nestled on a huge corner lot. This rare opportunity offers two spacious, identical 3-bedroom 1 bath units, each delivering $1,695/month in rental income for a total of $3,390 monthly. With a desirable floor plan, huge space for parking and untapped upside, this property is an investor's dream in one of Somerset County's most sought-after towns. The house has a prime layout for easy living and renting. Thoughtful side-by-side design ensures privacy while simplifying maintenanceperfect for owner-occupancy in one half and renting the other. The expansive corner lot has endless potential (The lot holds exciting possibilities for subdivision but you must verify with the town). Current rents are attractively low for the area, offering immediate rental upside with just some cosmetic updating. Priced to sell in today's competitive market, 16 Millstone Rd combines growth potential with development upside. Whether you're looking to live in one unit and rent out the other, or scaling your portfolio, 16 Millstone is one you want to check out immediately. Best and final for our listing at 16 Millstone Road, Franklin Twp is due before Sunday December 14th at 5pm.
For sale
$625,000
16 Millstone Rd, Somerset, NJ 08873
6beds
2baths
1,952sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$629,700 Zestimate®
$320/sqft
$-- HOA
What's special
Huge corner lotDesirable floor plan
- 7 days |
- 1,648 |
- 80 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: 12 hours ago
Listed by:
PETER TVERDOV,
TVERDOV HOUSING 732-344-0701
Source: All Jersey MLS,MLS#: 2608141R
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Central, Forced Air
Cooling
- A/C Wall Unit(s), A/C Window Unit(s)
Appliances
- Included: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Features
- Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room)
- Flooring: Unit 1 Carpet, Unit 2 Carpet
- Basement: Full, Storage Space, Utility Room
Interior area
- Total structure area: 1,952
- Total interior livable area: 1,952 sqft
Video & virtual tour
Property
Parking
- Parking features: 4(+)Car Parking
Features
- Stories: 2
Lot
- Size: 0.32 Acres
- Dimensions: 140.00 x 70.00
- Features: Near Shopping, Corner Lot
Details
- Parcel number: 0800139000000019
- Zoning: R7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1960
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Location
- Region: Somerset
Financial & listing details
- Price per square foot: $320/sqft
- Tax assessed value: $426,500
- Annual tax amount: $7,771
- Date on market: 12/3/2025
- Ownership: Fee Simple
- Lease term: Unit 1(Month-Month),Unit 2(Month-Month)
Estimated market value
$629,700
$598,000 - $661,000
$3,286/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $625,000+70.1%$320/sqft |
Source: | ||
| 8/29/2007 | Sold | $367,500$188/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,455 -5.5% | $426,500 +4.9% |
| 2023 | $7,886 -3.5% | $406,500 |
| 2022 | $8,169 | $406,500 +10.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,256/mo
Principal & interest
$3042
Property taxes
$995
Home insurance
$219
Climate risks
Neighborhood: 08873
Nearby schools
GreatSchools rating
- 6/10Claremont Elementary SchoolGrades: PK-5Distance: 4.8 mi
- 4/10Sampson G Smith SchoolGrades: 6-8Distance: 2.2 mi
- 3/10Franklin Twp High SchoolGrades: 9-12Distance: 4.5 mi
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