Four-Unit Victorian Apartment
New
For Sale
$1,299,000
Pending
123 Livingston Avenue, New Brunswick, NJ 08901
Four occupied apartments are leased on 12-month terms, with a detached garage providing additional on-site space.
Property Size4,813 SF
Days on Market4
Property Features for 123 Livingston Avenue
General Information
Standard status
Pending
Size
4,813 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Zoning
C-3A
Occupancy
100%
Financials
Cap Rate
6.9%
Gross Income
$118,080
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA, 1 x 6BR/2.5BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$19,066
Amenities
Unit 1(1 Bedroom
Kitchen
1 Bath
Living Room)
Unit 2(2 Bedrooms
Unit 3(1 Bedroom
Unit 4(Dining Room
5+ Bedrooms
Living Room
2+ Baths)
Porch
Building Details
Building Size
4,813 SF
Year Built
1889
Buildings
1
Stories
3
Construction
Victorian
Tenancy
Multi
Listing Agency:
TVERDOV HOUSING
Listed By:
Peter Tverdov
(732) 344-0701
Source:
Lacerdarealtors
Added: Oct 29
Last Checked: Oct 29 at 2:46PM
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 TVERDOV HOUSING
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Investment Insights
Based on property information with market context.
Built in 1889, this Victorian multifamily property contains four apartments with a combined 4,813 square feet of living space. The unit mix totals 10 bedrooms and 5.5 bathrooms, including a three-floor apartment with six bedrooms and 2.5 bathrooms. The remaining units have one, two, and one bedroom, respectively. A detached three-car garage is also part of the property.
All four units are rented on 12-month leases. The property is zoned C-3A and is presented at a 6.9% cap rate.
All four units are rented on 12-month leases. The property is zoned C-3A and is presented at a 6.9% cap rate.
Key Highlights
- Four apartments with 10 bedrooms and 5.5 bathrooms across 4,813 square feet
- Unit mix includes one‑bedroom, two‑bedroom, one‑bedroom, and six‑bedroom apartments
- Detached three‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,551
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,020
$1.6M
Cap Rate 7%
$1,150,729
$1.2M
Cap Rate 9%
$895,011
$895.0K
Market Conditions
NOI Build-Up for 4,813 SF
Gross rent
$123.0K $25.56/SF
− Vacancy
−$7.9K −$1.65/SF
EGI
$115.1K $23.91/SF
− OpEx
−$34.5K −$7.17/SF
NOI
$80.6K $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%
$1,611,020
Cap Rate 7%
$1,150,729
Cap Rate 9%
$895,011
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,551 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$1.06M
$925.2K – $1.23M
NOI $74,014 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,974 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,534
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments are leased on 12-month terms, with a detached garage providing additional on-site space.
Where is this quadplex located?
The property is located at 123 Livingston Avenue New Brunswick, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four apartments with 10 bedrooms and 5.5 bathrooms across 4,813 square feet; Unit mix includes one‑bedroom, two‑bedroom, one‑bedroom, and six‑bedroom apartments; Detached three‑car garage
