-8 Prospect Street, New Brunswick, NJ 08901

New Brunswick
Local realty services provided by:ERA Reed Realty, Inc.
-8 Prospect Street,New Brunswick, NJ 08901
$599,999
Virtual Tour
  • - Beds
  • 3 Baths
  • 2,278 sq. ft.
  • Multi-family
  • Active
Office: halo realty
MLS#:2614145R
Source:NJ_MCMLS

Price summary

  • Price:$599,999
  • Price per sq. ft.:$263.39

About this home

Excellent income‑producing 3‑family property in the heart of New Brunswick, next to the hospital and short distance to NJ Transit trains. Rare, fully rented 3‑family with basement offering strong cash flow. Unit 1 features 2 BR / 1 FB, Kitchen & LR ($1,756/mo). Unit 2 features 1 BR / 1 FB, Kitchen & LR ($1,350/mo). Unit 3 features 1 BR / 1 FB, Kitchen & LR ($1,300/mo). Units 1 & 2 gas heat, Unit 3 electric heat. Separate electric & gas meters. Tenants pay electric/gas; owner pays water. Newer flooring throughout, new roof, updated fire escape and rear stairs. Owner invested nearly $50K in improvements over past 5 years. 2025 Gross Income $52,872. Expenses $20,389.23. NOI $32,482.77. Cap Rate 5.41%. Prime location near Rutgers, hospitals, transportation, and downtown amenities. Showings begin 05/09/26. Do not miss this opportunity!

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Home facts

  • Year built:1882
  • Listing ID #:2614145R
  • Added:4 day(s) ago
  • Updated:May 13, 2026 at 03:11 PM

Rooms and interior

  • Total bathrooms:3
  • Rooms Total:14
  • Kitchen Description:Kitchen, Refrigerator
  • Basement Description:Exterior Entry, Full, Storage Space, Utility Room
  • Living area:2,278 sq. ft.

Heating and cooling

  • Cooling:A/C Window Unit(s)
  • Heating:Separate Furnaces

Structure and exterior

  • Roof:Asphalt, Flat
  • Year built:1882
  • Building area:2,278 sq. ft.
  • Lot area:0.06 Acres
  • Exterior Features:Deck, Patio
  • Levels:3 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,999
  • Price per sq. ft.:$263.39
  • Tax amount:$6,696

Features and amenities

  • Appliances:Water Heater
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