Back to Search
Renovated Multifamily Home Near Rutgers

105 Louis Street New Brunswick, NJ 08901

105 Louis Street, New Brunswick, NJ, 08901
$850,000
Pending
For Sale
Claim this Listing
$850,000
Pending

MULTI_FAMILY - New Brunswick, NJ

Property Size2,312 SF
Lot Size0.06 Acres
AddedMay 25
Days on Market51
Last RefreshJul 14 at 7:06 pm

Property Features for 105 Louis Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 5
Parking features
Assigned, Oversize, On Street, Off Street
Fencing
Fenced
Basement
Full
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
Tile - Ceramic, Wood, Vinyl
Roof type
Shingle

Listing agent Nevin Ashamalla

Listing office Coldwell Banker Realty 51 Arthur Street Suite H, East Brunswick, NJ

Listing date May 25, 2026

MLS# 22615591 Listing URL

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 multifamily home is located in a prime New Brunswick location. Both units feature new kitchens with stainless steel appliances, new LVP flooring, new doors, and fresh paint. The property has separate utilities and meters, as well as a full basement. The first-floor unit includes 2 bedrooms, a living room, a dining room, a full bath, and an eat-in kitchen. The dining room 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, with access to a high-ceiling attic. The property is situated on a 0.06-acre lot with a spacious backyard, a long driveway fitting 4+ cars, a detached 2-car garage, and off-street parking. The property is conveniently located near Rutgers University, Robert Wood Johnson University Hospital, downtown New Brunswick restaurants and shopping, the NJ Transit train station, and major highways including Route 18, Route 1, and the NJ Turnpike. The detached 2-car garage offers the opportunity for additional income. The property is suitable for owner-occupants or investors. The building size is 2,312 square feet.

Key Highlights

  • Renovated 2‑family home with separate utilities/meters and public water + public sewer.
  • First‑floor unit: 2 bedrooms plus living room, dining room, full bath, and eat‑in kitchen (dining room can be converted to a third bedroom).
  • Second‑floor unit: 4 bedrooms, 1 full bath, spacious family room, eat‑in kitchen, and access to a high‑ceiling attic.

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 (±1% cap)
NOI $38,694 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$507.9K
$444.4K – $592.6K (±1% cap)
NOI $35,554 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$603.7K
$528.3K – $704.3K (±1% cap)
NOI $42,260 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Veterinary Clinic Nursing Home Fish Market Nursing Home (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Renovated two-family home near Rutgers University and downtown New Brunswick.
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 with separate utilities/meters and public water + public sewer.; First‑floor unit: 2 bedrooms plus living room, dining room, full bath, and eat‑in kitchen (dining room can be converted to a third bedroom).; Second‑floor unit: 4 bedrooms, 1 full bath, spacious family room, eat‑in kitchen, and access to a high‑ceiling attic.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message