Under contract

$625,000

81-83 Grove St, Somerville, NJ 08876

4beds

2,142sqft

Est.:

Multi Family

Built in 1900

-- sqft lot

$628,900 Zestimate^®

$292/sqft

$-- HOA

What's special

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 stationand just minutes from major routesthis location ensures continued rental demand and long-term value. Rarely does a property in this condition, location, and price point hit the marketsecure a solid-performing asset in one of Somerset County's most sought-after rental corridors.

30 days

71

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Radiators-Hot Water

Cooling

A/C Window Unit(s)

Appliances

Included: Water Heater(Gas), Water Heater

Features

Unit 1(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room), Unit 2(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room)
Windows: Blinds
Basement: Full, Laundry Facilities, Storage Space

Interior area

Total structure area: 2,142
Total interior livable area: 2,142 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: 1-2 Car Parking, On Street, See Remarks

Features

Stories: 2
Patio & porch: Enclosed, Porch
Exterior features: Porch(es) - Enclosed, Blinds, Porch, Private Entrance

Lot

Size: 7,980.19 Square Feet
Dimensions: 57X140
Features: Level, Near Public Transit, Near Shopping, Near Train

Details

Parcel number: 1800070000000018
Zoning: PO-R

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Roof: Asphalt

Condition

Year built: 1900

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Location

Region: Somerville

Financial & listing details

Price per square foot: $292/sqft
Tax assessed value: $253,700
Annual tax amount: $10,029
Date on market: 10/18/2025
Ownership: Fee Simple
Lease term: Unit 1(Month-Month),Unit 2(Month-Month)
Electric utility on property: Yes

Estimated market value

$628,900

$597,000 - $660,000

$2,854/mo

Price history

Date	Event	Price
11/14/2025	Pending sale	$625,000$292/sqft
Source: GSMLS #3992773 Report a problem
11/14/2025	Contingent	$625,000$292/sqft
Source: All Jersey MLS #2660693M Report a problem
10/18/2025	Listed for sale	$625,000-3.8%$292/sqft
Source: All Jersey MLS #2660693M Report a problem
10/14/2025	Listing removed	--
Source: Owner Report a problem
9/14/2025	Listed for sale	$650,000+23.8%$303/sqft
Source: Owner Report a problem