194 Somerset St, North Plainfield Boro NJ 07060-4832

Property City
North Plainfield Boro
Property Media
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Property Price
$2,000,000
Year Built
1910
Tax Annual Amount
$18281
TaxYear (*text)
2025
Roof (*text)
Flat
Lot Size Area
0.07
MLS Status
Active
MLS #
4026345

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

Yearly Tax Rate
4.543
Year Built (*numeric)
1910
Basement
Yes
Roofing (*text)
Flat
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Heating
Baseboard - Hotwater
Lot Size Dimensions
23X126
Property Location

40.6205, -74.42729

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762