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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$2,000,000

Est. payment - /mo

2,500 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $800

MLS Listing ID 4026337

Year Built 1910

Annual Tax Amount $20,706

Tax Year 2025

Lot Size 9,583 Sqft

Property Description

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.

Location

State NJ

County Somerset

Zoning B1

Rooms

Basement Walkout

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Listed by SIGNATURE REALTY NJ

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Ataullah Barnes

+1(973) 277-2575

Broker | License ID: 0454603

Broker License ID: 0454603

200 Somerset St North Plainfield Boro, NJ 07060

Ataullah Barnes

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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NEARBY SCHOOL & BUSINESS

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200 Somerset St