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$688,000

For Sale

8 days ago

481 Hamilton St, Somerset

House

MLS® 4055764

6 Bed

3 Bath

--

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $4,516
Days Active 8
Lot Size 0.08 Acres
Approx. Age 1950
MLS® Number 4055764

Property Address: 481 Hamilton St, Somerset, NJ, 08873-2663

Average square foot calculated using Size range provided by listing agent.

Description

481 Hamilton Street (Block 194, Lot 129) presents an exceptional value-add opportunity in Franklin Township's High-Business District (HBD) zone. Featuring a versatile multi-unit residential configuration, verified by Township as a legal use of pre-existing non-conforming 2-family. This property is ideally suited for investors, contractors, or buyers looking to maximize income potential. Situated on a high-visibility corridor close to local shopping, public transportation, and major commuter routes into New Brunswick, this property offers incredible upside. Property is being sold in 'as-is' condition. Bring your imagination and vision to unlock the full potential of this prime Somerset location! This well-maintained 2 family home offering the perfect blend of flexibility and income potential. The home features two bedroom, 1 full bath unit on lower level, and 2+2 bedrooms , 2 full bath room on top level. Driveway parking with large backyard. Perfect for a new owner to move right in while collecting rent from the other unit, or easily leased for additional cash flow. Separate gas and electric meters, tenants pay all utilities, includes heat, electricity, water, sewer, trash etc. Low taxes.A potential 7.3%+ cap rate
MLS® Number4055764
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
BasementFull, Unfinished
Driveway1 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking
Garage Spaces
HeatHeat Source: Gas-Natural, Heating Type: 2 Units, Baseboard - Hotwater
A/CWindow A/C(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 29, 2026List Date
$688,000List Price
  • Commute

Commute

Starting Address
Destination Address
481 Hamilton St, Somerset,

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