Renovated Two-Family
For Sale
$850,000
105 Louis Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property Size2,312 SF
Lot Size0.07 Acres
Price / SF$367.65
Days on Market86
Property Features for 105 Louis Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
6TH
Zoning description
Buyer Should Verify
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Dining Room, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 5, Bedroom 4
Interior features
Unit 1(1 Bath, 1 Bedroom, 2 Bedrooms, Dining Room, Kitchen), Unit 2(1 Bath, 1 Bedroom, 2 Bedrooms, 3 Bedrooms, 4 Bedrooms, Dining Room, Kitchen, Living Room)
Exterior features
Curbs, Sidewalk
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
Lot features
Level, Near Shopping, Near Train
Elementary school district
New Brunswick Ps
Middle school district
New Brunswick Ps
High school district
New Brunswick Ps
Standard status
Active
APN
1300059000000019
Size
2,312 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10397
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam, Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(732) 254-3750
Listed By:
Nevin Ashamalla
(732) 254-3750
Added: May 18
Changed: Aug 1
Last Checked: Aug 11 at 6:06AM
MLS# 2661988M
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated two-family duplex at 105 Louis Street, New Brunswick, NJ 08901, offering two separate units with a full basement. The first-floor unit includes 2 bedrooms, a living room, dining room, full bath, and an eat-in kitchen, with the dining room laid out so it can be converted into a third bedroom. The second-floor unit features 4 bedrooms, 1 full bath, a spacious family room, and an eat-in kitchen, plus access to a high-ceiling attic and the full basement. The home has brand new kitchens with stainless steel appliances, new LVP flooring throughout, new doors, and fresh paint.
The property is on a 0.0674-acre lot with a spacious backyard, curbs and sidewalks, and a long driveway that fits 4+ cars. A detached two-car garage provides additional off-street parking and potential flexibility.
Built in 1924, the duplex is served by public water and public sewer. Heating includes steam and baseboard/hot water systems, and cooling is via window unit(s). Zoning is listed as 6TH.
The property is on a 0.0674-acre lot with a spacious backyard, curbs and sidewalks, and a long driveway that fits 4+ cars. A detached two-car garage provides additional off-street parking and potential flexibility.
Built in 1924, the duplex is served by public water and public sewer. Heating includes steam and baseboard/hot water systems, and cooling is via window unit(s). Zoning is listed as 6TH.
Key Highlights
- Renovated two‑family duplex with brand new kitchens, LVP flooring, new doors, and fresh paint
- First‑floor unit: 2 bedrooms plus living room, dining room, full bath, and eat‑in kitchen
- Second‑floor unit: 4 bedrooms with family room, full bath, eat‑in kitchen, high‑ceiling attic access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,694
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,880
$773.9K
Cap Rate 7%
$552,771
$552.8K
Cap Rate 9%
$429,933
$429.9K
Market Conditions
NOI Build-Up for 2,312 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.1K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$55.3K $23.91/SF
− OpEx
−$16.6K −$7.17/SF
NOI
$38.7K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,880
Cap Rate 7%
$552,771
Cap Rate 9%
$429,933
Alternative Uses
Best Use
Multifamily LT 5
$552.8K
$483.7K – $644.9K
NOI $38,694 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$507.9K
$444.4K – $592.6K
NOI $35,554 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$603.7K
$528.3K – $704.3K
NOI $42,260 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with separate utilities/meters, a full basement, and a detached two-car garage on a 0.0674-acre lot.
Where is this duplex located?
The property is located at 105 Louis Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Renovated two‑family duplex with brand new kitchens, LVP flooring, new doors, and fresh paint; First‑floor unit: 2 bedrooms plus living room, dining room, full bath, and eat‑in kitchen; Second‑floor unit: 4 bedrooms with family room, full bath, eat‑in kitchen, high‑ceiling attic access
