New Brunswick Investment
15 S Ward Street, New Brunswick, NJ 08901
New
MULTI_FAMILY - New Brunswick, NJ
Property size:
1,760 SFLot size:
0.05 AcresPrice / SF:
$292/SF- Added:
- May 16, 2026
- Days on Market:
- 2
- Last Refresh:
- May 17 at 12:06 pm
Property Features for 15 S Ward Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5B
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Basement
- 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)
- Standard status
- Active
- 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
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Additional Structures
- See Remarks
Listing agent Gregory Tibok (908) 647-1000
Listing office KELLER WMS GREATER BRUNSWICK 220 DAVIDSON AVE, SOMERSET, NJ (908) 751-7721
Listing date May 16, 2026
MLS# 2661970M
Listing URL
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.
HighLights
- Prime location near Rutgers University, RWJ, downtown New Brunswick, major highways, and the New Brunswick Train Station.
- Two income‑generating units, perfect for investment.
- Updated exterior and low taxes make this property attractive.
- Private fenced backyard provides outdoor space.
- Solar system (Unit 1) offers potential energy savings.
- Functional units each feature 2 bedrooms and 1 full bathroom.
Overview
This well-maintained two-unit property presents an investment opportunity in New Brunswick. Apartment 1 includes two bedrooms, one full bathroom, and a spacious kitchen, and is connected to a leased solar system. Apartment 2 features two bedrooms, including one oversized bedroom, and one full bathroom. The property includes a private, fenced backyard suitable for outdoor activities. The property is conveniently located near Rutgers University, RWJ, and downtown New Brunswick, with access to Route 18, Route 1, Route 130, and the NJ Turnpike. The New Brunswick Train Station is less than a 10-minute drive away. The lot size is 0.0482 acres and the property size is 1760 square feet. The zoning is R-5B.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$327.3K
NOI $29,456 @ 9.00% cap · cautious / downside scenario
Moderate
$420.8K
NOI $29,456 @ 7.00% cap · market / base-case scenario
Aggressive
$589.1K
NOI $29,456 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $25.56 |
| − Vacancy | −$2.9k | −$1.65 |
| EGI | $42.1k | $23.91 |
| − OpEx | −$12.6k | −$7.17 |
| NOI | $29.5k | $16.74 |
1,760 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
SR Custom Printing
Custom T-Shirt Store
Location Insight
- Map
- Local Demand
- City
- New Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4438308
- Latitude
- 40.4768877
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-unit property near Rutgers University and downtown.
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: Prime location near Rutgers University, RWJ, downtown New Brunswick, major highways, and the New Brunswick Train Station.; Two income‑generating units, perfect for investment.; Updated exterior and low taxes make this property attractive.
