Two-Unit Duplex with
For Sale
Under Contract
$485,000
187 Hale Street, New Brunswick, NJ 08901
Residential Income, New Brunswick, NJ
Property Size1,248 SF
Lot Size0.06 Acres
Price / SF$388.62
Days on Market183
Property Features for 187 Hale Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Zoning description
Conform to Zoning
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
Lot features
Level
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
Remsen Ave to Hale St
Standard status
Active Under Contract
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
Baseboard, Hot Water(Heating)
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
(732) 757-7251
Added: Apr 27
Changed: Oct 24
Last Checked: Oct 26 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,248-square-foot duplex contains two residential units, each arranged with two bedrooms, a kitchen, living room, and one bath. The property includes a porch, vinyl siding, an asphalt roof, a basement, and window-unit cooling. Heating is provided through hot-water baseboard systems, with gas water heating and public water and sewer service.
Built in 1920, the property occupies 0.0574 acres and is located in New Brunswick, NJ. R-5A zoning supports its duplex configuration. The two-unit layout provides flexibility for an owner occupant or continued residential rental use, subject to applicable requirements.
Built in 1920, the property occupies 0.0574 acres and is located in New Brunswick, NJ. R-5A zoning supports its duplex configuration. The two-unit layout provides flexibility for an owner occupant or continued residential rental use, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 1,248 square feet of property size
- Each unit offers 2 bedrooms, a kitchen, living room, and 1 bath
- R‑5A zoning
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
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R-5A-zoned duplex featuring two-bedroom units with kitchens, living rooms, and one bath each.
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‑unit duplex with 1,248 square feet of property size; Each unit offers 2 bedrooms, a kitchen, living room, and 1 bath; R‑5A zoning
