Renovated Duplex with Detached
For Sale
$850,000
Pending
105 Louis Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property Size2,312 SF
Lot Size0.06 Acres
Days on Market79
Property Features for 105 Louis Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Basement, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 6
Parking features
Oversize, Assigned, Off Street, On Street
Fencing
Fenced
Basement
Full
Lot features
Level
Directions
Livingston
Standard status
Pending
APN
13-00059-0000-00019
Size
2,312 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10397
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Flooring type
Wood, Vinyl, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty
(732) 254-3750
Listed By:
Nevin Ashamalla
(732) 254-3750
Added: May 25
Changed: Aug 7
Last Checked: Aug 11 at 6:06AM
MLS# 22615591
Copyright © 2026 More 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.
This renovated duplex offers two separate units with a full basement. Both units include brand new kitchens with stainless steel appliances, new LVP flooring throughout, new doors, and fresh paint. The first-floor unit features two bedrooms, a living room, a dining room, a full bath, and an eat-in kitchen, with the dining room noted as convertible to a third bedroom. The second-floor unit includes four bedrooms, one full bath, a spacious family room, and an eat-in kitchen, along with access to a high-ceiling attic.
The home sits on a 0.06-acre lot with a spacious backyard and a long driveway that fits 4+ cars. Parking is described as off-street and on-street, with assigned options as well. A detached two-car garage and fenced yard are included. Public water and public sewer serve the property, and the roof is described as shingle.
Built in 1924, the property is located in New Brunswick and is described as conveniently near Rutgers University, Robert Wood Johnson University Hospital, downtown New Brunswick dining and shopping, and the NJ Transit train station, with access to Route 18, Route 1, and the NJ Turnpike.
The home sits on a 0.06-acre lot with a spacious backyard and a long driveway that fits 4+ cars. Parking is described as off-street and on-street, with assigned options as well. A detached two-car garage and fenced yard are included. Public water and public sewer serve the property, and the roof is described as shingle.
Built in 1924, the property is located in New Brunswick and is described as conveniently near Rutgers University, Robert Wood Johnson University Hospital, downtown New Brunswick dining and shopping, and the NJ Transit train station, with access to Route 18, Route 1, and the NJ Turnpike.
Key Highlights
- Renovated two‑family duplex with brand new kitchens featuring stainless steel appliances
- Separate utilities/meters plus full basement for each unit
- First‑floor unit: 2 bedrooms, living room, dining room (convertible to third bedroom), full bath, eat‑in kitchen
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
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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 two-family duplex with separate utilities, a full basement, and off-street parking plus a detached two-car garage.
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 featuring stainless steel appliances; Separate utilities/meters plus full basement for each unit; First‑floor unit: 2 bedrooms, living room, dining room (convertible to third bedroom), full bath, eat‑in kitchen
