Two-Unit
New
For Sale
$589,000
1057 Newton Street, North Brunswick, NJ 08902
The stacked layout provides separate two- and three-bedroom residences, with a kitchen and living room in each unit.
Property Size1,660 SF
Price / SF$354.82
Days on Market3
Property Features for 1057 Newton Street
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
does need some work
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1944
Listing Agency:
REALTY MARK CENTRAL
Listed By:
Gwendolyn Sorrells Wade · License #GWENSORR
(732) 690-6277
Source:
Movetonewjersey
Added: Nov 3
Last Checked: Nov 4 at 10:15AM
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 REALTY MARK CENTRAL
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1944, this North Brunswick duplex contains two residences arranged one above the other. The lower unit has 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. Upstairs, the 3-bedroom unit includes 1 bathroom, a living room, and an eat-in kitchen. The property is being sold in as-is condition and requires some work; it is also described as being in fairly good condition.
The address is 1057 Newton St in North Brunswick, New Jersey. Reported scores are 50 for walkability and 45 for bikeability, both characterized as moderate. The two units have distinct bedroom counts and each includes a living room, kitchen, and bathroom.
The address is 1057 Newton St in North Brunswick, New Jersey. Reported scores are 50 for walkability and 45 for bikeability, both characterized as moderate. The two units have distinct bedroom counts and each includes a living room, kitchen, and bathroom.
Key Highlights
- Two residences in an upper‑and‑lower configuration
- Lower unit: 2 bedrooms, 1 bathroom, living room, and eat‑in kitchen
- Upper unit: 3 bedrooms, 1 bathroom, living room, and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,782
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,640
$555.6K
Cap Rate 7%
$396,886
$396.9K
Cap Rate 9%
$308,689
$308.7K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$42.4K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$39.7K $23.91/SF
− OpEx
−$11.9K −$7.17/SF
NOI
$27.8K $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 Rate 5%
$555,640
Cap Rate 7%
$396,886
Cap Rate 9%
$308,689
Alternative Uses
Best Use
Multifamily LT 5
$396.9K
$347.3K – $463.0K
NOI $27,782 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$364.7K
$319.1K – $425.5K
NOI $25,527 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$433.5K
$379.3K – $505.7K
NOI $30,342 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 08902, NJ
43,296
Population
15,892
Households
2.7
Avg Household Size
38
Median Age
45%
College-Educated
87%
High-School Grad
13.2 sq mi
ZIP Area
3,280
Density / Sq Mi
$117,671
Median Household Income
$57,880
Median Earnings
$2,055
Median Rent
$402,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The stacked layout provides separate two- and three-bedroom residences, with a kitchen and living room in each unit.
Where is this duplex located?
The property is located at 1057 Newton Street North Brunswick, NJ.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two residences in an upper‑and‑lower configuration; Lower unit: 2 bedrooms, 1 bathroom, living room, and eat‑in kitchen; Upper unit: 3 bedrooms, 1 bathroom, living room, and eat‑in kitchen
