Backup offersTour
$6,531 Closing Credit¹
#2560612M, Listing Office: KELLER WMS GREATER BRUNSWICK
$899,999 List price
351 Somerset St New Brunswick, NJ 08901
$10,000
Closing credit¹
6 beds
4 full
0.2 acres
Multi-Family
Property details
About 351 Somerset St
Fabulous two-unit investment property on oversized lot certified by the city to accommodate 13 individuals (8 in the front house and 5 in the back house). First thing to know is there are 2 separate, self-sufficient buildings on this lot. The back building, built in 2022, is certified for 5 occupants. Unit B is over 4 car garages. 2 of them have 10 ft high doors and are heated and cooled. This is perfect for additional rental income, work space or temperature controlled storage income. The second floor has a beautiful self-sufficient 2 bed 2 bath apartment. This unit faces a large back yard surrounded by a paver driveway and patio with outdoor furniture. The second floor also offers a deck off the living room and gas fireplace. Unit A in the front is also self-sufficient and is certified for 8 occupants. It has 4 bedrooms, a full basement, enclosed porch. This property has been owner occupied for many many years and is very well maintained. This is perfect for an owner occupant who can live in one unit and rent the other, multi-generational living or students. Also, there is plenty of off-street parking which is high demand. Additional rental income from the garages is a huge plus. This property is not registered with New Brunswick Rent Control, so you set the rents you feel the market will support.
Highlights
Home typeMulti Family
HeatingHeat Pump, Zoned, Steam
StatusAccepting Backup Offers
(Under Contract)
(Under Contract)
Lot size0.2296 Acres
Year built2022
ParkingAttached, Detached, 4(+)Car Parking
MLS #2560526M
Attached garage4 spaces
Virtual tour
Summary
- MLS Number: 2560526M
- MLS Name: CJMLS API
- Office Name: RE/MAX CLASSIC GROUP
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/17/2025, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$899,999
351 Somerset St
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 21, 2022 | Home Sold | $500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $434,500 | $11,049 |
| 2022 | $311,700 | $9,286 |
| 2021 | $311,700 | $7,727 |
| 2020 | $311,700 | $7,552 |
| 2019 | $311,700 | $8,773 |
History based on county public records data.
Nearby schools
2
A.C. Redshaw Elemmentary School
Public District PK-5
0.6 mi
•216 Livingston Ave
2
Livingston Elemmentary School
Public District KG-5
0.6 mi
•206 Delavan St
2
Roosevelt Elemmentary School
Public District KG-5
0.6 mi
•83 Livingston Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,381. The most common annual income of people living in New Brunswick, NJ is less than $<35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
58%
<35k
30%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
12%
Single, with Kids
7%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
5%
12-17 yrs old
55%
18-34 yrs old
20%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Continuing Education Courses
Where do the neighbors shop?
Forever 21
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Qdoba
What do the neighbors drive?
Mazda
Dodge
Volkswagen
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
News
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 351 Somerset St in New Brunswick, NJ and zip code 08901. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $899,999.
Over 2 listings were sold over their listed price in March 2025 in New Brunswick, NJ. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in New Brunswick, NJ decreased by 17.6% between February and March 2025. Listings spent 63 days on the market in March 2025, and had a median list price of $425,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.