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 stationand just minutes from major routesthis location ensures continued rental demand and long-term value. Rarely does a property in this condition, location, and price point hit the marketsecure a solid-performing asset in one of Somerset County's most sought-after rental corridors.
Sold for $605,000
$605,000
81-83 Grove St, Somerville, NJ 08876
4beds
2,142sqft
Multi Family
Built in 1900
-- sqft lot
$671,200 Zestimate®
$282/sqft
$2,915 Estimated rent
Home value
$671,200
$604,000 - $738,000
$2,915/mo
Zestimate® history
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$2,915/mo
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$2,915/mo
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$4,233/mo
Est. payment
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$4,233/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
PIOTR SUDAL,
EXP REALTY, LLC 866-201-6210
Source: All Jersey MLS,MLS#: 2660693M
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiators-Hot Water
Cooling
- A/C Window Unit(s)
Appliances
- Included: Water Heater(Gas), Water Heater
Features
- Unit 1(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room), Unit 2(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room)
- Windows: Blinds
- Basement: Full, Laundry Facilities, Storage Space
Interior area
- Total structure area: 2,142
- Total interior livable area: 2,142 sqft
Property
Parking
- Parking features: 1-2 Car Parking, On Street, See Remarks
Features
- Stories: 2
- Patio & porch: Enclosed, Porch
- Exterior features: Porch(es) - Enclosed, Blinds, Porch, Private Entrance
Lot
- Size: 7,980 Square Feet
- Dimensions: 57X140
- Features: Level, Near Public Transit, Near Shopping, Near Train
Details
- Parcel number: 1800070000000018
- Zoning: PO-R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $253,700
- Annual tax amount: $10,029
- Date on market: 10/18/2025
- Ownership: Fee Simple
- Lease term: Unit 1(Month-Month),Unit 2(Month-Month)
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $605,000-3.2%$282/sqft |
Source:  All Jersey MLS #2660693M Report a problem | ||
| 11/14/2025 | Pending sale | $625,000$292/sqft |
Source:  GSMLS #3992773 Report a problem | ||
| 11/14/2025 | Contingent | $625,000$292/sqft |
Source: All Jersey MLS #2660693M Report a problem | ||
| 10/18/2025 | Listed for sale | $625,000-3.8%$292/sqft |
Source: All Jersey MLS #2660693M Report a problem | ||
| 10/14/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/14/2025 | Listed for sale | $650,000+23.8%$303/sqft |
Source: Owner Report a problem | ||
| 12/16/2022 | Sold | $525,000+5.2%$245/sqft |
Source: GSMLS #3811687 Report a problem | ||
| 10/21/2022 | Pending sale | $499,000$233/sqft |
Source: GSMLS #3811687 Report a problem | ||
| 10/8/2022 | Listed for sale | $499,000+33.1%$233/sqft |
Source: GSMLS #3811687 Report a problem | ||
| 4/5/2022 | Sold | $375,000-2.6%$175/sqft |
Source: Public Record Report a problem | ||
| 8/3/2021 | Listed for sale | $385,000+148.4%$180/sqft |
Source: GSMLS #3731173 Report a problem | ||
| 2/29/2000 | Sold | $155,000+3.3%$72/sqft |
Source: Public Record Report a problem | ||
| 1/31/1997 | Sold | $150,000$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,029 | $253,700 |
| 2024 | $10,029 +2.4% | $253,700 |
| 2023 | $9,798 +3.3% | $253,700 |
| 2022 | $9,481 | $253,700 |
| 2021 | -- | $253,700 |
| 2020 | $9,222 +1.1% | $253,700 |
| 2019 | $9,123 +2.1% | $253,700 |
| 2018 | $8,935 +4.2% | $253,700 |
| 2017 | $8,573 +1.3% | $253,700 |
| 2016 | $8,458 +1.6% | $253,700 |
| 2015 | $8,324 +1.2% | $253,700 |
| 2014 | $8,222 +4.7% | $253,700 -3.8% |
| 2012 | $7,850 -12.2% | $263,700 |
| 2011 | $8,946 +4% | $263,700 +61.5% |
| 2010 | $8,599 +4.2% | $163,300 |
| 2009 | $8,255 | $163,300 |
| 2008 | -- | $163,300 |
| 2007 | -- | $163,300 |
| 2006 | -- | $163,300 |
| 2005 | -- | $163,300 |
| 2004 | $6,320 | $163,300 |
| 2003 | -- | $163,300 |
| 2002 | -- | $163,300 |
| 2001 | -- | $163,300 |
Find assessor info on the county website
Neighborhood: 08876
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Nearby schools
GreatSchools rating
- 5/10Van Derveer Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Somerville Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Somerville High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$671,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$671,200
- New Jersey
- Somerset County
- Somerville
- 08876
- 81-83 Grove St
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