Duplex with
For Sale
$485,000
Pending
187 Hale Street, New Brunswick, NJ 08901
Multi-Family, New Brunswick, NJ
Property Size1,248 SF
Lot Size0.06 Acres
Days on Market184
Property Features for 187 Hale Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2
Basement
Finished
Directions
Remsen Ave to Hale St
Standard status
Pending
APN
13-00198-0000-00016
Size
1,248 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5475
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
Real Broker, LLC- Hampton
Listed By:
John Natale
(855) 450-0442
Added: Apr 27
Changed: Oct 23
Last Checked: Oct 26 at 11:06PM
MLS# 22611886
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family residential property contains 1,248 square feet on a 0.06-acre lot. Built in 1920, the building includes a basement and is served by public water and public sewer. Its duplex configuration provides two residential units within one property, supporting an owner-occupancy or rental arrangement as described in the listing information.
The property is located at 187 Hale Street in New Brunswick, Middlesex County, New Jersey. The address is in postal code 08901. The combination of a two-family layout, basement space, and established municipal utility connections defines the primary physical characteristics of this residential income property.
The property is located at 187 Hale Street in New Brunswick, Middlesex County, New Jersey. The address is in postal code 08901. The combination of a two-family layout, basement space, and established municipal utility connections defines the primary physical characteristics of this residential income property.
Key Highlights
- Two‑family residential property
- 1,248 square feet of building area
- 0.06‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,887
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,740
$417.7K
Cap Rate 7%
$298,386
$298.4K
Cap Rate 9%
$232,078
$232.1K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$31.9K $25.56/SF
− Vacancy
−$2.1K −$1.65/SF
EGI
$29.8K $23.91/SF
− OpEx
−$9.0K −$7.17/SF
NOI
$20.9K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,740
Cap Rate 7%
$298,386
Cap Rate 9%
$232,078
Alternative Uses
Best Use
Multifamily LT 5
$298.4K
$261.1K – $348.1K
NOI $20,887 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$325.9K
$285.1K – $380.2K
NOI $22,811 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with public water and sewer service in New Brunswick.
Where is this duplex located?
The property is located at 187 Hale Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑family residential property; 1,248 square feet of building area; 0.06‑acre lot
