163 Livingston Avenue, New Brunswick, NJ 08901

Building Details

Year Built

1900

Listing office RE/MAX COMPETITIVE EDGE

Listing date May 22, 2025

Source Corcoran

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Overview

This 18-unit rooming house property presents a money-making opportunity. The property features 14 rooms, 4 efficiency units, and 6 bathrooms, along with a 3-car garage. All units are fully rented and in high demand, consistently generating high income and easy to manage. The gross income is $186,060, with a net income of $117,720, resulting in a cap rate of 7.59%. A new roof has been installed, and the electrical systems were updated in 2021. The property is conveniently located for commuters, with a bus stop across the street and a short 15-minute walk to the New Brunswick Train Station. The property size is 4752 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

New Brunswick

County

Middlesex

State

New Jersey

Longitude

-74.4496

Latitude

40.4883

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FAQs

What type of property is this?

Apartment building - 18-unit rooming house, fully rented, high income, easy to manage.

Where is this apartment building located?

The property is located at 163 Livingston Avenue New Brunswick, NJ.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: High Net Income: $117,720 annually.; Fully Rented with Waitlist: High demand ensures consistent occupancy.; Strong Cap Rate: 7.59% indicates a profitable investment.