Don't miss out on this wonderful opportunity to acquire this well maintained income producing 2 Family property in the heart of New Brunswick. The property is situated directly across from Rutgers University and steps away from downtown New Brunswick's restaurants and nightlife. The first floor unit comprises: 2 bed 1 bath with an extended deck and direct access to off street parking. The second floor unit is a duplex with 2 bed 1 bath, private deck egress from kitchen. The unit also contains a loft space that extends the full length of the house. The property also includes a full basement with washer/dryer access for both tenants and a half bath. Basement has high ceilings and extends the full length of the property. High Rental Demand Area. Post vacancy's to the Rutgers Housing FB page and watch vacancy's fill up in days! Each unit has separate utilities. Brand new hot water heater and 4 year old hot water heater. New Paved Asphalt Driveway. Off-Street parking for 4+ cars. Ability to earn a significant return on investment. Cap Rate 6.31%.
Home Type
Est. Annual Taxes
Year Built
Basement
Utilities
Additional Features
Community Details
Listing and Financial Details
$548,888
An incredible opportunity awaits with this solid and well-kept two-family home in the heart of New Brunswick, adjacent to Rutgers University's Douglass Campus. Whether you're an investor seeking a steady income-producing property or a buyer looking to to live in one unit while renting out the other, this home offers the perfect setup for maximizing financial benefits. Each spacious apartment
Edward Nugent RED DOOR REAL ESTATE
$489,000
**Multi-Family Home for Sale at 185 Redmond St, New Brunswick** Prime investment opportunity in a sought-after New Brunswick location! This 2-family home, features a 1 bed/1 bath unit and a 4 bed/1 bath unit. Located steps from Rutgers University, Robert Wood Johnson University Hospital, New Brunswick Train Station (NJ Transit), and major highways (NJ Turnpike, Route 1, Route 18), this
JASMINE TSUI WEICHERT REALTORS
$550,000
Live in one unit and rent the other! Incredible opportunity to own this large corner 2 family income property with off-street parking and low taxes! Conveniently located near Rutgers and area schools. Ideal for an investor or owner occupant looking for a solid long-term investment. First floor you will find a huge 4 bedroom/2 bath apartment, kitchen, and living room. Upstairs you will find a 1
Gregory Tibok KELLER WMS GREATER BRUNSWICK
$450,000
Great opportunity to invest in the hot New Brunswick market! This well-maintained two-unit property offers off-street parking, a front patio, large backyard, and low taxes. Each unit features 2 bedrooms and 1 full bathroom, along with a spacious kitchen and living room. The private, fenced-in backyard and welcoming front patio provide ideal outdoor space for relaxing or entertaining. Conveniently
Gregory Tibok KELLER WMS GREATER BRUNSWICK
$489,000
Welcome to this large two family property located on Joyce Kilmer Ave located less than a half mile to the New Brunswick Train Station and all of the shops and restaurants of the bustling Downtown New Brunswick. Both units offer 3 spacious bedrooms and 1 bathroom. Unit 2 also includes a finished attic with ample storage space. A large basement provides additional storage space. Both units
KARA CABRERA CAPC BROKERAGE LLC
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $650,000 | Acquired Title Services | |
| Deed | $485,000 | Stewart Title | |
| Deed | $470,000 | Stewart Title | |
| Deed | $380,000 | Chicago Title Insurance Co | |
| Deed | $319,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $363,750 | New Conventional | |
| Previous Owner | $285,000 | New Conventional | |
| Previous Owner | $302,100 | New Conventional |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2024 04/09/24 | Sold | $650,000 | +4.9% | $358 / Sq Ft |
| 01/25/2024 01/25/24 | For Sale | $619,900 | +31.9% | $341 / Sq Ft |
| 02/08/2023 02/08/23 | Sold | $470,000 | 0.0% | $294 / Sq Ft |
| 01/09/2023 01/09/23 | Pending | -- | -- | -- |
| 11/04/2022 11/04/22 | For Sale | $470,000 | -- | $294 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,270 | $285,900 | $119,300 | $166,600 |
| 2023 | $7,270 | $285,900 | $119,300 | $166,600 |
| 2022 | $7,116 | $285,900 | $119,300 | $166,600 |
| 2021 | $5,279 | $285,900 | $119,300 | $166,600 |
| 2020 | $7,062 | $285,900 | $119,300 | $166,600 |
| 2019 | $6,927 | $285,900 | $119,300 | $166,600 |
| 2018 | $6,770 | $285,900 | $119,300 | $166,600 |
| 2017 | $6,501 | $285,900 | $119,300 | $166,600 |
| 2016 | $6,365 | $108,500 | $26,500 | $82,000 |
| 2015 | $6,213 | $108,500 | $26,500 | $82,000 |
| 2014 | $6,102 | $108,500 | $26,500 | $82,000 |
J
Seller's Agent in 2024
John Espin
RE/MAX
(908) 403-8562
2 in this area
6 Total Sales
Seller Co-Listing Agent in 2024
Christina Kaplun
RE/MAX
(908) 202-2205
5 in this area
146 Total Sales
Seller's Agent in 2023
Carlos Beltran
COMPASS NEW JERSEY, LLC
(347) 292-8750
2 in this area
36 Total Sales
Source: All Jersey MLS
MLS Number: 2305594R
APN: 13-00137-0000-00015
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