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Request Info$2,000,000
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200 Somerset St #0 Overview
- Time on Site:
- 52 days
- Visits:
- 0
Investment opportunity in the heart of North Plainfield! 196 & 200 Somerset Street offer a rare chance to own two income-producing buildings on one oversized lot with ample on-site parking. A unique mixed-use asset with strong cash flow and future upside. 200 Somerset features a 4-unit residential building comprised of three 1-bedroom apartments plus one 2-bedroom duplex unit. 196 Somerset includes a street-level liquor store with four additional 1-bedroom apartments above, creating a diverse income stream with both commercial and residential tenants. Positioned on a large lot in a high-visibility location, this property offers approximately a 6% cap rate with potential value-add and redevelopment opportunities for investors looking to maximize the site's long-term potential. Whether you're seeking steady cash flow, mixed-use exposure, or future development possibilities, this is a rare portfolio-style offering in a growing Somerset County corridor. Perfect for investors, developers, or owner-operators looking to secure a high-demand mixed-use property with existing income and upside potential.
Listing provided courtesy of SIGNATURE REALTY NJ- MLS# 4026337
Contact Information: 908-721-1613
Contact Information: 908-721-1613Love this property?
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200 Somerset St #0 Facts & Features
- Type Commercial
- Sq. ft. 2,500
- Price/Sq.ft. $800
- Lot 0.22 Acres
Details
General
Income/Expenses
- Gross Income: 188024
- Net Operating Income: 122855
- Operating Expense: 65168
Listing Information
- For Sale Or Lease: For Sale
Building Information
- Num Apts: 4
- Renovated Year: 2020
- Year Built: 1910
Location/Region
- County Or Parish: Somerset
- Location: Business District
Building Exterior/Construction
- Construction Date/Year Built Des: Approximate
Tax Information
- City Tax: *
- County Tax: *
- Tax Amount Tax: *
- Tax Annual Amount: $20,706.00
- Tax Assessed Value: *
- Tax Rate Amount: 4.543
- Tax Rate Year: 2025
- Tax Year: 2025
- Tax Year Tax: *
General Information
- Inclusions: See Remarks
- Property Sub Type: Apartment Complex
- Property Type: Commercial
- Zoning: B1
Interior
Building Information
- Available Sq Ft: 2500
- Equipment Available: See Remarks
- Max Ceiling Height: 0
- Max Door Height: 0
- Num 1 Bdrm Units: 3
- Num 2 Bdrm Units: 1
- Num 3 Bdrm Units: 0
- Num 4 Bed Units: 0
- Num Units w/Full Bath: 4
- Num Units w/Half Bath: 0
- Office Sq Ft: 0
Beds/Baths
- Bathrooms Total: 4
Building Interior
- Building Area Total: 2500
General Information
- Cooling: Window A/C(s)
- Heating: Baseboard - Hotwater
- Stories: 3
Unit Information
- Unit Number: 0
Exterior
Building Information
- Number of Bays: 0
- Number of Docks: 0
Parking Information
- Parking Features: Driveway-Exclusive, Off-Street Parking, Parking Lot-Exclusive
Lot Information
- Approximate Lot Size: 40X243
- Lot Size Acres: 0.22
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: See Remarks
- Exterior Description: Aluminum
- Roof: Asphalt Shingle
General Information
- Number Of Units Total: 4
- Sewer: Public Sewer
- Utilities: Gas-Natural
200 Somerset St #0 Neighborhood
Community
07060 (NORTH PLAINFIELD) Demographics
34
Median Age
9,175
Population Density (per sq. mile)
29%
College Educated
$61,953
Estimated Median Income
6,161
Estimated Total Home Owners
9,154
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
200 Somerset St #0 Monthly Cost
200 Somerset St #0 Market Data
Based on the last 30 days in this zip code
$554,183
Average List Price
$560
Average Price per Square Foot
1
Properties Sold
92
Average Days on Market
33
Properties for Sale
200 Somerset St #0 History
| Date | Value | Agent |
|---|---|---|
| 5/8/2026Source: Garden State MLS | May 08, 2026 |