8
Map
$489,000
●
House -
For Sale
87 Southside Ave
Somerville Boro, NJ 08876
3 Beds
1 Bath,
1
Half Bath
$3,029
Est. Monthly
About This Property
Excellent opportunity to own this spacious single-family home. This
charming property features a very large yard and offers endless
possibilities for homeowners, investors, or anyone looking to
create their dream home. With generous living space and exceptional
potential, this home is ideally located near parks, shopping,
restaurants, schools, major highways, and public transportation.
Whether you're searching for your next residence or an investment
opportunity, this property is full of possibilities. While the home
needs some TLC, it presents a fantastic opportunity to renovate,
update, and add your personal touch or increase its value. The
property is being sold strictly in AS IS condition. The buyer is
responsible for obtaining the Certificate of Occupancy and
completing any required municipal inspections, certifications, and
repairs required by the municipality or lender.
Unit Size
-
Days on Market
-
Land Size
0.35 acres
Price per sqft
-
Property Type
House
Property Taxes
$627
HOA Dues
-
Year Built
1925
Listed By
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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: 4 months ago (GSMLS #4042141)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2026 | Listed by PETRA BEST REALTY, LLC. | $489,000 | |
| Listed by PETRA BEST REALTY, LLC. | |||
| Jul 10, 2019 | No longer available | - | |
| No longer available | |||
| May 16, 2019 | Relisted | $250,000 | |
| Relisted | |||
| May 15, 2019 | No longer available | - | |
| No longer available | |||
| Mar 11, 2019 | Listed | $250,000 | |
| Listed | |||
| | |||
|
Investors take notice of this income producing home! Located in a desirable neighborhood easy for commuting via train or by highway. Three spacious bedrooms on the second floor plus full bath. Enjoy the seasons on the enclosed front porch. Expansive living room with hard wood floors, banquet sized dining room and galley kitchen make entertaining an ease. Fenced in yard, full basement with additional room and laundry room plus a level backyard make this home a winner! Just under an acre of land! Seller offering credit for interior of the house to be painted. Opportunity is knocking, don't miss it!
| |||
Property Highlights
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Carbon Monoxide Detector, Range/Oven-Gas
Rooms: 6
Basement: Full, Unfinished
Exterior Details
Architectural Style: Colonial
Year Built: 1900
Construction Materials: See Remarks, Vinyl Siding
Pool Features: Above Ground
Pool is Private
Lot Size Area: 15246
Lot Size Units: Square Feet
Lot Size Acres: 0.35
Lot Size Square Feet: 15246
Water Source: Public
Financial Details
Tax Assessed Value: $184,500
Tax Annual Amount: $7,525
Utilities Details
Cooling Type: None
Heating Type: Radiators - Steam
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Somerville
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Last Updated: 4 months ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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