Two-Unit Residential Income
187 Hale Street New Brunswick, NJ 08901
For Sale
$485,000
MULTI_FAMILY - New Brunswick, NJ
Property Size1,248 SF
Lot Size0.06 Acres
Price / SF$388.62
Days on Market93
Property Features for 187 Hale Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
Basement
Finished
Standard status
Active
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- Fairfield
(855) 450-0442
Listed By:
John Natale · License #0790719
(855) 450-0442
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 28 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This two-unit residential income duplex is configured as two-bedroom, one-full-bath units. The property is described as generating $4,000 per month in rent, offering flexibility to occupy one unit while renting the other, or to rent both units.
The duplex is located at 187 Hale Street in New Brunswick, New Jersey 08901, within Middlesex County.
With a compact lot size of 0.06 acres and an indicated total building size of 1,248 square feet, this is a straightforward, income-focused two-family opportunity for an owner-occupant or investor.
The duplex is located at 187 Hale Street in New Brunswick, New Jersey 08901, within Middlesex County.
With a compact lot size of 0.06 acres and an indicated total building size of 1,248 square feet, this is a straightforward, income-focused two-family opportunity for an owner-occupant or investor.
Key Highlights
- Two‑family home with two 2‑bedroom units
- Each unit has 1 full bathroom
- Public water service and public sewer
Financial Insights For Multifamily LT 5
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 | $31.9k | $25.56 |
| − Vacancy | −$2.1k | −$1.65 |
| EGI | $29.8k | $23.91 |
| − OpEx | −$9.0k | −$7.17 |
| NOI | $20.9k | $16.74 |
1,248 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex offers two-bedroom, one-full-bath units with reported total rent of $4,000 per month.
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 home with two 2‑bedroom units; Each unit has 1 full bathroom; Public water service and public sewer
