Multi-Family Residential Income
For Sale
$800,000
168 Throop Avenue, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property Size2,235 SF
Lot Size0.11 Acres
Price / SF$357.94
Days on Market125
Property Features for 168 Throop Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Zoning description
Buyer Should Verify
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Garage
Interior features
Unit 1(3 Bedrooms, Kitchen, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath)
Appliances
Water Heater(Gas), Water Heater, Unit 1(Refrigerator), Unit 2(Refrigerator)
Subdivision
Suydam Graham 01 Ward
Lot features
Corner Lot
Elementary school district
New Brunswick City School Dist
Middle school district
New Brunswick City School Dist
High school district
New Brunswick City School Dist
Directions
Georges Rd to Throop Ave
Standard status
Active
APN
130023100000002701
Size
2,235 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9208
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Building materials
Metal Siding
Roof type
Asphalt
Listing Agency:
RE/MAX FIRST REALTY, INC. · RE/MAX International
(732) 257-3500
Listed By:
Luz Mary Molina · License #787365
(732) 257-3500
Added: Apr 15
Changed: Aug 2
Last Checked: Aug 17 at 3:06AM
MLS# 2613960R
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 for-sale multi-family residential income property is located at 168 Throop Avenue in New Brunswick, NJ 08901. The property is zoned R-5A and is offered as a residential income asset.
The lot area is 0.1148 acres, and the listed property size is 2,235 square feet. This configuration supports an investor or owner-operator looking for a small multi-family setup within the R-5A zoning framework.
For additional details on the current layout, income, and condition, interested parties should request the full package associated with the listing.
The lot area is 0.1148 acres, and the listed property size is 2,235 square feet. This configuration supports an investor or owner-operator looking for a small multi-family setup within the R-5A zoning framework.
For additional details on the current layout, income, and condition, interested parties should request the full package associated with the listing.
Key Highlights
- 3‑unit setup: Unit 1 has 3 bedrooms, Unit 2 has 3 bedrooms, and Unit 3 has 1 bedroom
- Each unit includes kitchen space and a living room; Unit 2 and Unit 3 include bathrooms
- Garage parking available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$687,400
$687.4K
Cap Rate 7%
$491,000
$491.0K
Cap Rate 9%
$381,889
$381.9K
Market Conditions
NOI Build-Up for 2,235 SF
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.
Gross rent
$67.1K $30.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$62.5K $27.96/SF
− OpEx
−$28.1K −$12.58/SF
NOI
$34.4K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$687,400
Cap Rate 7%
$491,000
Cap Rate 9%
$381,889
Alternative Uses
Best Use
Apartment 5plus
$491.0K
$429.6K – $572.8K
NOI $34,370 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.6K
$510.7K – $680.9K
NOI $40,852 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,654
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - For sale multi-family residential income property zoned R-5A in New Brunswick, NJ.
Where is this residential income property located?
The property is located at 168 Throop Avenue New Brunswick, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3‑unit setup: Unit 1 has 3 bedrooms, Unit 2 has 3 bedrooms, and Unit 3 has 1 bedroom; Each unit includes kitchen space and a living room; Unit 2 and Unit 3 include bathrooms; Garage parking available
