Renovated Two-Unit Residential
105 Louis Street New Brunswick, NJ 08901
105 Louis Street, New Brunswick, NJ, 08901
$850,000
For Sale
$850,000
Renovated two-family home with separate utilities, new kitchens, and updated flooring across both units.
Property Size2,312 SF
Price / SF$367.65
Days on Market99
Property Features for 105 Louis Street
General Information
- Standard status
- Active
- Size
- 2,312 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1924
Listing Agency
COLDWELL BANKER REALTY
Listed by
NEVIN ASHAMALLA
(833) 740-1234
Source
Actionplusrealty
Added: Apr 10 Checked: Jul 17 at 11:36 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This renovated two-family residential income property is ready to go, with both units featuring brand new kitchens with stainless steel appliances, new LVP flooring throughout, new doors, and fresh paint. The first-floor unit includes 2 bedrooms, a living room, dining room, full bath, and an eat-in kitchen, with the dining room described as convertible to a third bedroom. The second-floor unit offers 4 bedrooms, 1 full bath, a spacious family room, and an eat-in kitchen, along with access to a high-ceiling attic and a full basement.
The home has separate utilities/meters and includes a full basement. It sits on a large lot with a spacious backyard, a long driveway that fits 4+ cars, and a detached 2-car garage providing additional income opportunity as described.
For configuration, the property is designed as two separate units within one building, supported by dedicated utilities and ample on-site parking and storage options.
The home has separate utilities/meters and includes a full basement. It sits on a large lot with a spacious backyard, a long driveway that fits 4+ cars, and a detached 2-car garage providing additional income opportunity as described.
For configuration, the property is designed as two separate units within one building, supported by dedicated utilities and ample on-site parking and storage options.
Key Highlights
- Renovated 2‑family home built in 1924 with updated finishes across both units
- Both units feature brand‑new kitchens with stainless steel appliances, plus new LVP flooring, new doors, and fresh paint
- Separate utilities/meters and a full basement for added functionality
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 | $59.1k | $25.56 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $55.3k | $23.91 |
| − OpEx | −$16.6k | −$7.17 |
| NOI | $38.7k | $16.74 |
2,312 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family home with separate utilities, new kitchens, and updated flooring across both units.
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 2‑family home built in 1924 with updated finishes across both units; Both units feature brand‑new kitchens with stainless steel appliances, plus new LVP flooring, new doors, and fresh paint; Separate utilities/meters and a full basement for added functionality
