8 Prospect ST, New Brunswick, NJ 08901
8 Prospect ST, New Brunswick, NJ 08901
8 Prospect ST, New Brunswick, NJ 08901
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$599,999
Est. payment /mo
2,278 SqFt
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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,278 sqft

Price per Sqft $263

MLS Listing ID 2614145R

Year Built 1882

Annual Tax Amount $6,696

Tax Year 2025

Lot Size 2,500 Sqft

Acres 0.0574

Lot Dimensions 100.00 x 0.00

Property Sub-Type 3 Family

Source CJMLS API

Property Description

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!

Location

State NJ

County Middlesex

Zoning R-5A

Rooms

Basement Full, Exterior Entry, Storage Space, Utility Room

Interior

Interior Features Unit 1(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room)

Heating Separate Furnaces

Cooling A/C Window Unit(s)

Appliance Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)

Heat Source Natural Gas

Exterior

Exterior Feature Patio, Deck

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt,Flat

Handicap Access Unit 1 Accessibility Features, Unit 2 Accessibility Features, Unit 3 Accessibility Features

Porch Patio, Deck

Building

Lot Description Interior Lot

Story 3

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 1300029000000034

Ownership Fee Simple

Energy Description Natural Gas

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Central Jersey MLS (CJMLS)
Listed by HALO REALTY

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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8 Prospect ST