Two-Family Home With Finished
7 Freeman Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property size:
1,928 SFLot size:
0.11 AcresPrice / SF:
$233/SF- Added:
- Jun 20, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 27 at 3:06 am
Property Features for 7 Freeman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5A
- Bathrooms
- 2
- Rooms
- Bathroom 1, Dining Room, Basement, Bathroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Unit 1(1 Bedroom, Dining Room, Kitchen, 1 Bath, Living Room), Unit 2(1 Bedroom, Dining Room, Kitchen, 1 Bath, Living Room)
- Exterior features
- Curbs, Porch(es) - Open, Sidewalk, Yard, Porch
- Appliances
- Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
- Standard status
- Active
- APN
- 130042000000005701
- Size
- 1,928 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8590
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Other (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 2
- Building materials
- Wood Siding
- Roof type
- Asphalt
Listing agent Tony Chedid (732) 297-7900
Listing office C-21 BARROOD REALTORS 3060 HIGHWAY # 27, Kendall Park, NJ (732) 297-7900
Listing date Jun 20, 2026
MLS# 2617921R
Listing URL
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.
HighLights
- Year built 1912 two‑family home with each floor featuring 1 bedroom, living room, dining room, kitchen, and 1 full bath
- Finished attic includes a bedroom, living room, and a 1/2 bath
- Roof is approximately 5 years old; water heaters are approximately 10 years old
- Public utilities: public water and public sewer; heating includes steam and other heating; cooling via window unit(s)
- Exterior includes wood siding with porches, yard, and sidewalk; asphalt roof
- Parking includes a 2‑car wide driveway and a detached garage; lot size 50x99
Overview
This two-family home is configured with living and dining space, a kitchen, and a full bath on each floor, with one full bath serving each unit. The second-floor apartment is occupied by the owner. The first-floor unit is vacant and includes a new refrigerator and stove. A finished attic adds additional living area with a bedroom, a living room, and a half bath. The roof is approximately 5 years old, and the water heaters are approximately 10 years old. The property is described as needing TLC and has the space to be updated and refreshed.
The property includes a two-car wide driveway and a detached garage, along with a 50-by-99 lot size. It is zoned R-5A.
For buyers or owners considering a residential income strategy, the home’s two-floor setup and added finished attic can support multiple living arrangements within one property. The vacancy on the first floor may also simplify turn efforts for an operator looking to align unit finishes and functionality. Buyers should plan for upgrades consistent with the property’s stated condition.
The property includes a two-car wide driveway and a detached garage, along with a 50-by-99 lot size. It is zoned R-5A.
For buyers or owners considering a residential income strategy, the home’s two-floor setup and added finished attic can support multiple living arrangements within one property. The vacancy on the first floor may also simplify turn efforts for an operator looking to align unit finishes and functionality. Buyers should plan for upgrades consistent with the property’s stated condition.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $25.56 |
| − Vacancy | −$3.2k | −$1.65 |
| EGI | $46.1k | $23.91 |
| − OpEx | −$13.8k | −$7.17 |
| NOI | $32.3k | $16.74 |
1,928 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$423.6K
$370.6K – $494.2K
NOI $29,649 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$503.4K
$440.5K – $587.4K
NOI $35,241 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4563355
- Latitude
- 40.4935615
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two separate 1-bedroom units plus a finished attic offer flexible income and layout options, with shared full-bath living space.
Where is this duplex located?
The property is located at 7 Freeman Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Year built 1912 two‑family home with each floor featuring 1 bedroom, living room, dining room, kitchen, and 1 full bath; Finished attic includes a bedroom, living room, and a 1/2 bath; Roof is approximately 5 years old; water heaters are approximately 10 years old
