Property

Somerville Boro, NJ 08873 81-83 Grove St

Pending
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Presented By: EXP REALTY, LLC; 609-306-0573
  • MLS# 3992773
  • 10/15/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 2,142

Home Details

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 station and just minutes from major routes this location ensures continued rental demand and long-term value.Rarely does a property in this condition, location, and price point hit the market secure a solid-performing asset in one of Somerset County's most sought-after rental corridors.
Presented By: EXP REALTY, LLC; 609-306-0573

Interior Features for 81-83 Grove St

Bedrooms

Total Bedrooms4
Unit 1 Beds Total2
Unit 2 Beds Total2

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent2200
UnitType2TotalRent2300
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesBlinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Other Rooms

Unit 2 Rooms5
Unit 1 Rooms5
Unit 1 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room

General for 81-83 Grove St

Architectural StyleDuplex-Side by Side
CoolingWindow A/C(s)
CountySomerset
DirectionsDowntown Main Street to Grove Street
Drive1 Car Width, Blacktop, Driveway-Exclusive, On-Street Parking
EasementNo
Elementary SchoolSOMERVILLE
Full Baths2
Garage Spaces
Gross Income54000
HeatingRadiators - Hot Water
High SchoolSOMERVILLE
Middle/Junior High SchoolSOMERVILLE
Net Operating Income44000
Number Of Units Total2
Open Parking Spaces2
Operating Expense1
PossessionAt Closing
RoofAsphalt Shingle
ServicesCable TV Available, Fiber Optic Available, Garbage Included
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount10028
Tax Assessed Value253700
Tax Lot18
Tax Year2024
Total Rooms10
Town #2718
TownshipSomerville Boro
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1900

Exterior for 81-83 Grove St

Building Area Total2142
Exterior AmenitiesEnclosed Porch(es), Partially Fenced
Exterior DescriptionVinyl Siding
Lot Dimensions57X140
Lot FeaturesLevel Lot
Lot Size Acres0.18
Water SourcePublic Water

Additional Details

Price History

Schools

High School Somerville High School
Middle School Somerville Middle School
Elementary School Somerville Elementary School

YOLANDA CASSIDY-BOGAN

Associate
Price $625,000
MLS#3992773
List Date 10/15/2025
Property Type Pending
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