by RHP Realty
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Somerset 08873
20 Gates Road
Photo of 20 Gates Road
Sold on Oct 5, 2026

55

Map

Photo of 20 Gates Road
Photo of 20 Gates Road
$465,000
● House - Off Market

20 Gates Road

Franklin, NJ 08873
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,575 Ft²
$3,484
Est. Monthly

About This Property

Opportunity Knocks! Bring your vision and transform this 4-bedroom property into the space of your dreams. The possibilities are endless with this perfect handyman special, located on a quiet dead-end street in a highly desirable neighborhood. The property features a spacious living room, an eat-in kitchen with a center island, and a cozy living area with a fireplace. A huge backyard offers endless possibilities for entertaining, gardening, or creating your ideal outdoor retreat. A two-car garage provides plenty of storage and convenience. Whether you're an investor, contractor, or buyer looking to build equity, this property is full of potential and ready for your personal touch. Don't miss this incredible opportunity!
Unit Size
1,575 Ft²
Days on Market
68 days
Land Size
1.37 acres
Price per sqft
$356
Property Type
House
Property Taxes
$734
HOA Dues
-
Year Built
1956

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (CJMLS #2701716R)

Price History

Date / Event Date Event Price
Oct 5, 2026 Sold
Premium
Sold
Sep 4, 2026 In contract -
In contract
Jul 29, 2026 Listed by RE/MAX FIRST REALTY, INC. $560,000
Listed by RE/MAX FIRST REALTY, INC.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 59,677
  • Total Building Area: 1,575
  • Building Area: 1,575
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001370
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 054302

Zoning

  • Zoning: R40

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 08
  • Parcel: 08 00386- 08-00064
  • Block: 386.08
  • Lot: 64
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5034
  • Longitude: -74.5115

    Address

  • Full Address: 20 Gates Rd
  • Address - House Number: 20
  • Address - Street Name: Gates
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C005
  • 4-Digit Zip Code: 2258
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $849,254

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 495,748
  • High Value: 573,418
  • Low Value: 418,078

    Market Valuation

  • Market Total Value: $434,971
  • Market Land Value: $291,860
  • Market Improvement Value: $143,111

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,800
  • Assessed Land Value: $295,100
  • Assessed Improvements Value: $144,700

    Sales

  • Current Sale Contract Date: Aug 13, 2010
  • Current Sale Recording Date: Aug 23, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2010037024
  • Previous Sale Recording Date: Oct 14, 1997
  • Previous Sale Contract Date: Oct 10, 1997
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Somerset

Stats & Trends

Median Asking:

$579,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

61

Average Home Size

796 ft²

Average Home Age

49.4 years

Currently For Sale

58 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 22 Driftwood Drive, Franklin Twsp, NJ, 08873

$2,900 /mo

  • 2 Beds
  • 2 Baths
22 Driftwood Drive, Franklin Twsp, NJ, 08873 Listing by PALLAVI MASIH
Unit for rent at 80 Oswestry Way, Franklin Twsp, NJ, 08873

$2,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,174 ft²
80 Oswestry Way, Franklin Twsp, NJ, 08873 Listing by VIBHA MEHTA
Unit for rent at 34 Almond Drive, Somerset County, NJ, 08873

$2,950 /mo

  • 2 Beds
  • 1 Bath
  • 1,104 ft²
34 Almond Drive, Somerset County, NJ, 08873 Listing by RAJEEV KUMAR

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: CHIQUITA PITTMAN
RE/MAX FIRST REALTY, INC.
Last Updated: 2 months ago
Data Source: CJMLS , MLS# 2701716R

Frequently Asked Questions

When was property at 20 Gates Road built and last sold?
The property at 20 Gates Road was built in 1956 and last sold on Aug 13, 2010 for $136,500.
How much is this home worth?
The estimated value of the home located at 20 Gates Road is $564,976.
What are some comparable homes to 20 Gates Road?
There are currently no comparable homes to 20 Gates Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Somerset Homes for Sale
Somerset Houses for Sale
Somerset Condos for Sale
Somerset Townhouses for Sale
Somerset Multifamily for Sale
Somerset Land for Sale
Somerset Commercial for Sale
Somerset Homes with Basements
Nearby Cities
Philadelphia Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Trenton Homes for Sale
Sayreville Homes for Sale
Paterson Homes for Sale
Hoboken Homes for Sale
Nearby Property Records
Somerset County, NJ Property Records
Hunterdon County, NJ Property Records
Middlesex County, NJ Property Records
Union County, NJ Property Records
Morris County, NJ Property Records
Mercer County, NJ Property Records
Essex County, NJ Property Records
Warren County, NJ Property Records
Neighborhoods
Kensington Real Estate
Bay Ridge Real Estate
Northeast Philadelphia Real Estate
Port Richmond Real Estate
Logan - Ogontz - Fern Rock Real Estate
Frankford Real Estate
The Heights Real Estate
Tacony - Wissinoming Real Estate
Nearby Counties
Monmouth Homes for Sale
Philadelphia Homes for Sale
Middlesex Homes for Sale
Essex Homes for Sale
Mercer Homes for Sale
Bergen Homes for Sale
Morris Homes for Sale
Hudson Homes for Sale
Top Real Estate Agents
Top Agents in Somerset
Top Agents in Monmouth
Top Agents in Philadelphia
Top Agents in Philadelphia
Top Agents in Middlesex
Top Agents in Essex
Top Agents in Mercer
Top Agents in Bergen