Fully Rented 18-Unit Rooming
163 Livingston Avenue New Brunswick, NJ 08901
For Sale
$1,550,000
18-unit rooming house, fully rented, high income, easy to manage.
Property Size4,752 SF
Price / SF$326.18
Days on Market433
Property Features for 163 Livingston Avenue
General Information
Standard status
Active
Size
4,752 SF
Building Details
Year Built
1900
Listing Agency:
RE/MAX COMPETITIVE EDGE
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 RE/MAX COMPETITIVE EDGE
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High Net Income: $117,720 annually.
- Fully Rented with Waitlist: High demand ensures consistent occupancy.
- Strong Cap Rate: 7.59% indicates a profitable investment.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.6k | $30.00 |
| − Vacancy | −$9.7k | −$2.04 |
| EGI | $132.9k | $27.96 |
| − OpEx | −$59.8k | −$12.58 |
| NOI | $73.1k | $15.38 |
4,752 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$913.5K – $1.22M
NOI $73,076 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,859 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
