Two-Unit Duplex with Leased
For Sale
Under Contract
$525,000
314 Seaman Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property Size1,763 SF
Lot Size0.06 Acres
Price / SF$297.79
Days on Market180
Property Features for 314 Seaman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Zoning description
Buyer Should Verify
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Basement, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
On Street
Patio and Porch features
Porch
Interior features
Unit 1(1 Bath, 2 Bedrooms, Kitchen), Unit 2(1 Bath, 3 Bedrooms, Kitchen, Living Room, See Remarks)
Exterior features
Curbs, Porch(es) - Open, Sidewalk, Yard
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Lot features
Near Public Transit, Near Shopping, Near Train
Elementary school district
New Brunswick Ps
Middle school district
New Brunswick Ps
High school district
New Brunswick Ps
Directions
Suydam Street To Joyce Kilmer To Seaman St
Standard status
Active Under Contract
APN
1300182000000032
Size
1,763 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4691
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Zoned, Ductless
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Additional Structures
See Remarks
Listing Agency:
KELLER WMS GREATER BRUNSWICK · Keller Williams Realty
(908) 647-1000
Listed By:
Gregory Tibok
(908) 647-1000
Added: Feb 12
Changed: Aug 4
Last Checked: Aug 11 at 3:06PM
MLS# 2661267M
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.
This two-unit duplex was built in 1920 and is set up as Apartment 1 and Apartment 2, each with a kitchen and one full bathroom. Apartment 1 offers two bedrooms plus a spacious kitchen. Apartment 2 provides three bedrooms, a living room, and a walkup bonus attic for additional flex space. The property includes a private, fenced-in backyard and has curbs, sidewalks, and a porch/open patio area. Exterior materials include vinyl siding, with an asphalt roof. Heating is baseboard with hot water heating, and cooling is ductless and zoned. Parking is on-street. Public water and public sewer service are available.
Apartment 1 is connected to a leased solar system. The home is located in New Brunswick, NJ (Middlesex County) with access to major highways including Route 18, Route 1, Route 130, and the NJ Turnpike. Rutgers University, RWJ, and downtown New Brunswick are nearby, and the New Brunswick Train Station is less than a 10-minute drive.
The lot size is 0.0574 acres, with 1,763 square feet of property size reported for the duplex.
Apartment 1 is connected to a leased solar system. The home is located in New Brunswick, NJ (Middlesex County) with access to major highways including Route 18, Route 1, Route 130, and the NJ Turnpike. Rutgers University, RWJ, and downtown New Brunswick are nearby, and the New Brunswick Train Station is less than a 10-minute drive.
The lot size is 0.0574 acres, with 1,763 square feet of property size reported for the duplex.
Key Highlights
- Apartment 1 connected to a leased solar system
- Two‑unit duplex layout: Unit 1 has 2 bedrooms, Unit 2 has 3 bedrooms
- Private fenced‑in backyard plus porch and open patio features
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
$29,506
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
5.62%
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%
$590,120
$590.1K
Cap Rate 7%
$421,514
$421.5K
Cap Rate 9%
$327,844
$327.8K
Market Conditions
NOI Build-Up for 1,763 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
$45.1K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.2K $23.91/SF
− OpEx
−$12.6K −$7.17/SF
NOI
$29.5K $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%
$590,120
Cap Rate 7%
$421,514
Cap Rate 9%
$327,844
Alternative Uses
Best Use
Multifamily LT 5
$421.5K
$368.8K – $491.8K
NOI $29,506 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$460.4K
$402.8K – $537.1K
NOI $32,225 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,542
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 - R-5A duplex with fenced yard and leased solar connection for unit 1, minutes to major New Brunswick routes.
Where is this duplex located?
The property is located at 314 Seaman Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Apartment 1 connected to a leased solar system; Two‑unit duplex layout: Unit 1 has 2 bedrooms, Unit 2 has 3 bedrooms; Private fenced‑in backyard plus porch and open patio features
