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For sale
  • $625,000

    16 Millstone Rd, Somerset, NJ 08873

    6beds
    2baths
    1,952sqft
    : 
    Multi Family
    Built in 1960
    -- sqft lot
    $629,700 Zestimate®
    $320/sqft
    $-- HOA

    What's special

    Huge corner lotDesirable floor plan
    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.
    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#: 2608141RMLS Logo

    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
    DateEventPrice
    12/3/2025Listed for sale$625,000+70.1%$320/sqft
    Source: All Jersey MLS #2608141R Report a problem
    8/29/2007Sold$367,500$188/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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