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
Other
Zoning
R-5A
Rooms
Basement
Patio and Porch features
Porch
Interior features
Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room)
Exterior features
Porch
Appliances
Water Heater(Gas), Water Heater
Standard status
Active
APN
1300198000000016
Size
1,248 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5335
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
REAL
(855) 450-0442
Listed By:
John Natale · License #0790719
(212) 380-3203
Added: Apr 27
Changed: Jul 12
Last Checked: Jul 28 at 2:06PM
MLS# 2614714R
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 two-unit residential income duplex includes two-bedroom, one full-bath units. The property is presented as an opportunity to live in one unit while renting the other, or to rent both units.
The building is located at 187 Hale Street in New Brunswick, Middlesex County, New Jersey, on a small lot.
The listing provides a total of $4,000 per month rent associated with the two-family configuration.
The building is located at 187 Hale Street in New Brunswick, Middlesex County, New Jersey, on a small lot.
The listing provides a total of $4,000 per month rent associated with the two-family configuration.
Key Highlights
- Multi‑family property generating $4000 per month rental income.
- Two separate units, each with 2 bedrooms and 1 full bath.
- Live in one unit and rent the other - an excellent opportunity!
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 - Duplex offers two-bedroom units with one full bath each, currently generating stated monthly rental income.
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: Multi‑family property generating $4000 per month rental income.; Two separate units, each with **2 bedrooms and 1 full bath**.; **Live in one unit and rent the other** - an excellent opportunity!
