Multi-Family Residential Income
For Sale
$800,000
168 Throop Avenue, New Brunswick, NJ 08901
Residential Income, New Brunswick, NJ
Property Size2,235 SF
Lot Size0.11 Acres
Price / SF$357.94
Days on Market175
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
Bathroom 3, Bathroom 1, Bathroom 2, Basement
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
Radiant, Hot Water(Heating)
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) 322-8671
Added: Apr 15
Changed: Sep 17
Last Checked: Oct 6 at 6:06AM
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 / Yr
$34,370
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,483
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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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
