$550,000
SOLD AUG 11, 2025

188 Seaman St New Brunswick, NJ 08901

-- Bed
-- Bath
1,627 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$338 Per Sq Ft

8% Below List Price

25 Days on Market

About This Home

As of August 2025

If you have been looking to build up your real estate portfolio, now is your chance! Here is a juicy, value add 4 family waiting for you to scoop up and add to your portfolio! 7 total bedrooms! 4 floors of living! All tenants are on month to month leases paying $975, $975, $975 and $800. Separately metered. 4 water heaters, 4 boilers, 4 electric panels. All you need to do is put in some elbow grease. State DCA green card updated in 2025. Owner will not deliver any units vacant. Absolutely rare opportunity to pick up 4 units under $600,000. House next door is also for sale and can be sold as a package or separate. Where else can you find an opportunity like this in a booming city like New Brunswick? Do not wait, do not hesitate. Opportunity is not knocking here. It is kicking your door down and dragging you out and giving you a chance to prosper!

Last Agent to Sell the Property

Peter Tverdov

TVERDOV HOUSING Listed on: 04/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,701

Year Built

  • Built in 1920

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100.00 x 25.00

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,627 Sq Ft Home
  • 3-Story Property

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • No Cooling
  • Radiator
  • Gas Water Heater

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks water), unit 2 owner pays(see remarks water), unit 3 owner pays(see remarks water), unit 4 owner pays(see remarks water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,701

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0574
  • Lot Size: 100.00 x 25.00
  • Ownership: Joint Venture
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(See Remarks,Water), Unit 2 Owner Pays(See Remarks,Water), Unit 3 Owner Pays(See Remarks,Water), Unit 4 Owner Pays(See Remarks,Water)
  • Basement YN: No
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 4(1 Bedroom,Kitchen,1 Bath,Living Room)
  • Living Area: 1627
  • Stories: 3

Exterior Features

  • Lot Features: Near Shopping, Near Train
  • Roof: Asphalt

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2500
  • Zoning: R-5A

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month),Unit 4(Month-Month)

Tax Info

  • Tax Annual Amount: 6701
  • Tax Year: 2023

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
Jul 11, 2025
Sold by
Downs John W and Mcgee John Westley
Bought by
Vale Partners Llc
Seller's Agent
Peter Tverdov
TVERDOV HOUSING
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.91%
Original Mortgage
$385,000
Outstanding Balance
$384,663
Interest Rate
6.67%
Mortgage Type
Seller Take Back
Estimated Equity
$139,096

Purchase Details

Closed on
Dec 22, 2009
Sold by
Eovino Lola E
Bought by
Eovino Frank and Eovino Lola

Purchase Details

Closed on
Apr 16, 1999
Sold by
Hernandez Alejandro
Bought by
Downs John and Mcgee John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.04%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $550,000 Catic Title
Deed $550,000 Catic Title
Interfamily Deed Transfer -- None Available
Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $385,000 Seller Take Back
Closed $385,000 Seller Take Back
Previous Owner $121,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Sold $550,000 -8.2% $338 / Sq Ft
04/10/2025 04/10/25 For Sale $599,000 -- $368 / Sq Ft
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $6,901 $263,500 $80,000 $183,500
2024 $6,701 $263,500 $80,000 $183,500
2023 $6,701 $263,500 $80,000 $183,500
2022 $6,559 $263,500 $80,000 $183,500
2021 $4,866 $263,500 $80,000 $183,500
2020 $6,508 $263,500 $80,000 $183,500
2019 $6,385 $263,500 $80,000 $183,500
2018 $6,240 $263,500 $80,000 $183,500
2017 $5,992 $263,500 $80,000 $183,500
2016 $6,177 $105,300 $22,500 $82,800
2015 $6,029 $105,300 $22,500 $82,800
2014 $5,922 $105,300 $22,500 $82,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2511697R

All Jersey MLS

APN: 13-00179-0000-00031