Property offers a 2 family home plus a separate ranch home. It had been previously approved for a 28 townhome project each with 2,545 sq. ft. However due to changes in zoning, D&R requirements yield may have changed. Buyer responsible for Engineering and due diligence to determine yield. Existing homes have little value and are rented. Rental income available upon request.2 lots Lot # 9 = 1 acres and Lot # 10 = 4.2 acres Total lot size = 226,512 sq. ft. Utilities are on site. All 3 units have septic and public water, duplex home has gas heat and the ranch home has oil heat. Basement on the ranch home.
Property had been previously approved for a 28 townhome project each with 2,545 sq. ft. However due to changes in zoning, D&R requirements yield may have changed. Buyer responsible for Engineering and due diligence to determine yield. Existing homes have little value and are rented. Rental income and survey available upon request. 2 lots Lot # 9 = 1 acres and Lot # 10 = 4.2 acres Total lot size = 226,512 sq. ft. Utilities are on site.

The median home value in Somerset, NJ is $505,000. This is lower than the county median home value of $519,300. The national median home value is $338,100. The average price of homes sold in Somerset, NJ is $505,000. Approximately 69.32% of Somerset homes are owned, compared to 25.42% rented, while 5.26% are vacant. Somerset real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Somerset real estate agent to arrange a tour today!
Somerset, New Jersey 08873 has a population of 24,827. Somerset 08873 is less family-centric than the surrounding county with 31.73% of the households containing married families with children. The county average for households married with children is 37.76%.
The median household income in Somerset, New Jersey 08873 is $101,627. The median household income for the surrounding county is $121,695 compared to the national median of $69,021. The median age of people living in Somerset 08873 is 40.2 years.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 48.2 inches per year, with 23.1 inches of snow per year.