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Under contract
  • $625,000

    16 Millstone Rd, Somerset, NJ 08873

    6beds
    2baths
    1,952sqft
    : 
    Multi Family
    Built in 1960
    -- sqft lot
    $621,000 Zestimate®
    $320/sqft
    $-- HOA

    What's special

    Huge corner lotDesirable floor plan
    Discover the perfect blend of income potential and future possibilities at 16 Millstone Rd a well-maintained side-by-side duplex nestled on a huge corner lot. This rare opportunity offers two spacious, identical 3-bedroom 1 bath units, each delivering $1,695/month in rental income for a total of $3,390 monthly. With a desirable floor plan, huge space for parking and untapped upside, this property is an investor's dream in one of Somerset County's most sought-after towns. The house has a prime layout for easy living and renting. Thoughtful side-by-side design ensures privacy while simplifying maintenanceperfect for owner-occupancy in one half and renting the other. The expansive corner lot has endless potential (The lot holds exciting possibilities for subdivision but you must verify with the town). Current rents are attractively low for the area, offering immediate rental upside with just some cosmetic updating. Priced to sell in today's competitive market, 16 Millstone Rd combines growth potential with development upside. Whether you're looking to live in one unit and rent out the other, or scaling your portfolio, 16 Millstone is one you want to check out immediately. Best and final for our listing at 16 Millstone Road, Franklin Twp is due before Sunday December 14th at 5pm.
    115 days
    |
    59
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 18, 2026 at 10:34am

    Listed by:

    PETER TVERDOV,

    TVERDOV HOUSING 732-344-0701

    Source: All Jersey MLS,MLS#: 2608141RMLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      Heating
      • Central, Forced Air
      Cooling
      • A/C Wall Unit(s), A/C Window Unit(s)
      Appliances
      • Included: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
      Features
      • Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room)
      • Flooring: Unit 1 Carpet, Unit 2 Carpet
      • Basement: Full, Storage Space, Utility Room
      Interior area
      • Total structure area: 1,952
      • Total interior livable area: 1,952 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: 4(+)Car Parking
      Features
      • Stories: 2
      Lot
      • Size: 0.32 Acres
      • Dimensions: 140.00 x 70.00
      • Features: Near Shopping, Corner Lot
      Details
      • Parcel number: 0800139000000019
      • Zoning: R7

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Roof: Asphalt
      Condition
      • Year built: 1960

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: See Remarks

      Community & HOA

      Location
      • Region: Somerset

      Financial & listing details

      • Price per square foot: $320/sqft
      • Tax assessed value: $518,300
      • Annual tax amount: $7,771
      • Date on market: 12/3/2025
      • Ownership: Fee Simple
      • Lease term: Unit 1(Month-Month),Unit 2(Month-Month)

        Estimated market value

        $621,000

        $584,000 - $658,000

        $3,262/mo

        Price history

        Price history
        DateEventPrice
        1/18/2026Contingent$625,000$320/sqft
        Source: All Jersey MLS #2608141R Report a problem
        12/3/2025Listed for sale$625,000+70.1%$320/sqft
        Source: All Jersey MLS #2608141R Report a problem
        8/29/2007Sold$367,500$188/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$9,060 +21.5%$518,300 +21.5%
        2024$7,455 -5.5%$426,500 +4.9%
        2023$7,886 -3.5%$406,500
        2022$8,169 $406,500 +10.9%
        2021-- $366,500 +7.3%
        2020$7,684 -5.3%$341,500 +3%
        2019$8,115 $331,500 -4.3%
        2018$8,115 -1.2%$346,500
        2017$8,216 +1.3%$346,500
        2016$8,113 +1.5%$346,500 +0.6%
        2015$7,992 +1.4%$344,500
        2014$7,882 +7.7%$344,500
        2012$7,317 +4.8%$344,500
        2011$6,983 +4.9%$344,500
        2010$6,658 +22.2%$344,500 -2.8%
        2009$5,450 $354,500 +28.4%
        2008-- $276,100
        2007-- $276,100
        2006-- $276,100 +0.7%
        2005-- $274,200 +32.1%
        2004$1,786 $207,500 +10%
        2003-- $188,700 +9.1%
        2002-- $172,900 +9.2%
        2001-- $158,300

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $4,177/mo
        Principal & interest
        $3182
        Property taxes
        $995
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          Climate risks

          Neighborhood: 08873

          Getting around

          74 / 100
          Very Walkable
          51 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 08873

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