Two-Unit Duplex with Fenced
For Sale
Under Contract
$515,000
15 S Ward Street, New Brunswick, NJ 08901
Residential Income, New Brunswick, NJ
Property Size1,760 SF
Lot Size0.05 Acres
Price / SF$292.61
Days on Market145
Property Features for 15 S Ward Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5B
Zoning description
Buyer Should Verify
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bathroom 1
Patio and Porch features
Porch
Interior features
Unit 1(1 Bath, 2 Bedrooms, Living Room), Unit 2(1 Bath, 2 Bedrooms, Kitchen, See Remarks)
Exterior features
Curbs, Porch(es) - Open, Sidewalk, Yard, Private Entrance
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Subdivision
New Brunswick Terrace
Lot features
Near Public Transit, Near Shopping, Near Train
Elementary school district
New Brunswick Ps
Middle school district
New Brunswick Ps
High school district
New Brunswick Ps
Directions
Georges Rd To S Ward
Standard status
Active Under Contract
APN
1300341000000033
Size
1,760 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6293
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
fenced backyard
Building Details
Year built
1930
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Additional Structures
See Remarks
Listing Agency:
KELLER WMS GREATER BRUNSWICK · Keller Williams Realty
(908) 647-1000
Listed By:
Gregory Tibok
(908) 616-9000
Added: May 16
Changed: Sep 16
Last Checked: Oct 7 at 6:06AM
MLS# 2661970M
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.
Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex contains two residential units, each arranged with two bedrooms and one full bathroom. Unit 1 includes a spacious kitchen, living room, range/oven, refrigerator, and connection to a leased solar system. Unit 2 also includes a kitchen and range/oven and refrigerator. The property has vinyl siding, asphalt roofing, gas water heating, hot-water baseboard heating, and a basement. Public water and public sewer serve the building.
Outdoor features include an enclosed rear yard, an open porch, sidewalk access, curbs, and separate private entrances. Built in 1930, the property is located at 15 S Ward Street in New Brunswick, NJ, near Rutgers University, RWJ, and downtown New Brunswick. Route 18, Route 1, Route 130, the NJ Turnpike, and New Brunswick Train Station provide additional regional access.
Outdoor features include an enclosed rear yard, an open porch, sidewalk access, curbs, and separate private entrances. Built in 1930, the property is located at 15 S Ward Street in New Brunswick, NJ, near Rutgers University, RWJ, and downtown New Brunswick. Route 18, Route 1, Route 130, the NJ Turnpike, and New Brunswick Train Station provide additional regional access.
Key Highlights
- Two‑unit duplex with 1,760 square feet of building area
- Both units offer 2 bedrooms and 1 full bathroom
- Zoned R‑5B on a 0.0482‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,456
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,120
$589.1K
Cap Rate 7%
$420,800
$420.8K
Cap Rate 9%
$327,289
$327.3K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$45.0K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.1K $23.91/SF
− OpEx
−$12.6K −$7.17/SF
NOI
$29.5K $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%
$589,120
Cap Rate 7%
$420,800
Cap Rate 9%
$327,289
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$459.6K
$402.1K – $536.2K
NOI $32,170 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 15 S Ward Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,760 square feet of building area; Both units offer 2 bedrooms and 1 full bathroom; Zoned R‑5B on a 0.0482‑acre lot
