Off Market3987d on market
181 Matilda Ave
Somerset, NJ, 08873 • 08873 • Somerset County
$799,000
$317/sqft
12Beds
6Baths
2,520Sqft
0.58 acLot
1950Built
Market activity
Demand and pricing signals for this listing
3 views
People checking out this listing
3987 days on market
Established listing
$317/sqft
Price per square foot
About this home
Multi Family · Built 1950
Thinking of becoming a landlord and seeking an investment with a proven income stream? Look no further than the duplexes at 181 & 183 Matilda Avenue in Somerset. Both buildings are being offered together but are individually deeded with their own lot & block and associated property taxes. (Lot description and tax information were combined for this listing, call listing agent if clarification is needed). Each duplex has a proven track record of consistent, stable, and long-term occupancy and a solid rental income. All apartments are currently occupied. Even with below market rate rents, the properties earn a Gross Operating Income of approximately $65k/yr. There is significant potential for increased GOI given comparable units and asking rents in the area. A smart opportunity for the first-time or even experienced landlord!
Estimated monthly payment
Based on current rates
$5,008/month
Principal & Interest$3,943
Property Tax$799
Insurance$266
Down payment20% ($159,800)
3%50%
Est. 6.27% rate · 30yr fixed · $639,200 loan
Full calculator →At a glance
Key facts and listing details
TypeMultiFamily
Year Built1950
HeatingBaseboard, Other, Gas
CoolingWall
ParkingNo Data
Property
Home typeMulti Family
Year built1950
Systems
HeatingBaseboard, Other, Gas
CoolingWall
RoofOther
Parking & Outdoor
Lot0.58 Acres
Location & Tax
Neighborhood08873
Annual tax$8,114
Parcel0800222000000005
Features & details
4 categories of property features
Interior Features
Flooring
Carpet
Linoleum / Vinyl
Heating
Baseboard
Other
Gas
Cooling
Wall
Exterior Features
Exterior
Other
Wood
Listing insights
Market data and value estimates
StatusOff Market
Days on market3987
Est. value$799,000
Est. rent$2,516/mo
Tax rate1.91%
Price/sqft$317
Last sold$505,000
Tour days6
Views3
How are the schools in Somerset?
3 schools rated nearby
Location
Somerset, NJ, 08873
Price history
18 events
DateEventPrice$/sqftSource
May 11, 2015Sold$505,000$200GSMLS
Mar 19, 2015Pending Sale$595,000$236ERA Properties Unlimited
Sep 13, 2014Listed For Sale$595,000$236ERA Properties Unlimited
Mar 26, 2014Listing Removed$595,000$236ERA Properties Unlimited
Mar 12, 2014Listed For Sale$595,000$236ERA Properties Unlimited
Nov 2, 2013Listing Removed$595,000$236ERA Properties Unlimited
Oct 10, 2013Listed For Sale$595,000$236ERA Properties Unlimited
Aug 28, 2012Listing Removed$635,000$252ERA Reed Realty, Inc.
Mar 3, 2012Listed For Sale$635,000$252ERA Reed Realty Inc.
Jan 25, 2012Listing Removed$635,000$252ERA Reed Realty, Inc.
Jul 29, 2011Listed For Sale$635,000$252ERA Reed Realty, Inc.
Jul 2, 2010Listing Removed$374,900$149NRT TriStates
Jan 19, 2010Price Change$374,900$149NRT TriStates
Jan 11, 2010Price Change$725,000$288NRT TriStates
Jan 10, 2010Price Change$374,900$149NRT TriStates
Dec 28, 2009Price Change$725,000$288NRT TriStates
Dec 12, 2009Price Change$374,900$149NRT TriStates
Sep 19, 2009Listed For Sale$725,000$288NRT TriStates
Sold$505,000
May 11, 2015•$200/sqft•GSMLS
Pending Sale$595,000
Mar 19, 2015•$236/sqft•ERA Properties Unlimited
Listed For Sale$595,000
Sep 13, 2014•$236/sqft•ERA Properties Unlimited
Listing Removed$595,000
Mar 26, 2014•$236/sqft•ERA Properties Unlimited
Listed For Sale$595,000
Mar 12, 2014•$236/sqft•ERA Properties Unlimited
Listing Removed$595,000
Nov 2, 2013•$236/sqft•ERA Properties Unlimited
Listed For Sale$595,000
Oct 10, 2013•$236/sqft•ERA Properties Unlimited
Listing Removed$635,000
Aug 28, 2012•$252/sqft•ERA Reed Realty, Inc.
Listed For Sale$635,000
Mar 3, 2012•$252/sqft•ERA Reed Realty Inc.
Listing Removed$635,000
Jan 25, 2012•$252/sqft•ERA Reed Realty, Inc.
Listed For Sale$635,000
Jul 29, 2011•$252/sqft•ERA Reed Realty, Inc.
Listing Removed$374,900
Jul 2, 2010•$149/sqft•NRT TriStates
Price Change$374,900
Jan 19, 2010•$149/sqft•NRT TriStates
Price Change$725,000
Jan 11, 2010•$288/sqft•NRT TriStates
Price Change$374,900
Jan 10, 2010•$149/sqft•NRT TriStates
Price Change$725,000
Dec 28, 2009•$288/sqft•NRT TriStates
Price Change$374,900
Dec 12, 2009•$149/sqft•NRT TriStates
Listed For Sale$725,000
Sep 19, 2009•$288/sqft•NRT TriStates
Tax history
24 years of records
YearTax paidAssessed value
Apr 11, 2025$8,114$464,200
Apr 11, 2024$6,814$389,800
Apr 11, 2023$7,174$369,800
Apr 11, 2022$6,683$339,800
Apr 11, 2021—$299,800
Apr 11, 2020$6,254$289,800
Apr 11, 2019$4,704$269,800
Apr 11, 2018$4,704$269,800
Apr 11, 2017$6,634$274,800
Apr 11, 2016$6,307$279,800
Apr 11, 2015$6,341$267,800
Apr 11, 2014$6,276$273,300
Apr 11, 2012$6,109$279,300
Apr 11, 2011$5,830$287,600
Apr 11, 2010$5,871$287,600
Apr 11, 2009$7,292$312,600
Apr 11, 2008—$369,400
Apr 11, 2007—$369,400
Apr 11, 2006—$369,400
Apr 11, 2005—$304,100
Apr 11, 2004$2,577$259,400
Apr 11, 2003—$272,300
Apr 11, 2002—$204,600
Apr 11, 2001—$193,800
Nearby homes
Neighborhood details
Local context around this listing
Somerset, NJ • Somerset County
Nearby neighborhoods
ClydeEast MillstoneFranklin CenterMiddlebushSix Mile RunVoorheesZarephath
Nearby cities
Basking RidgeBound BrookBranchburg TownshipBridgewater TownshipHillsborough TownshipNorth PlainfieldPrincetonSomerset
Nearby zip codes
088730887508890
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