Two-Family
For Sale
$485,000
187 Hale St, New Brunswick, NJ 08901
Two-family property with a flexible owner-occupant or rental configuration in New Brunswick.
Property Size1,248 SF
Price / SF$388.62
Days on Market163
Property Features for 187 Hale St
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Residential Income
Additional Details
Gross Income
$48,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,335
Listing Agency:
REAL
(855) 450-0442
Listed By:
JOHN C. NATALE · License #790719
(212) 380-3203
Source:
Exprealty
Added: Apr 27
Changed: Oct 3
Last Checked: Oct 6 at 12:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL
Investment Insights
Based on property information with market context.
This two-family duplex contains 1,248 square feet and is configured with two bedrooms and one full bath. The layout supports occupying one unit while leasing the other, or leasing both units for continued rental use.
Located at 187 Hale St in New Brunswick, New Jersey, the property offers a residential income format suitable for an owner-occupant or landlord.
Located at 187 Hale St in New Brunswick, New Jersey, the property offers a residential income format suitable for an owner-occupant or landlord.
Key Highlights
- Two‑family duplex configuration
- 1,248 SF property
- Two bedrooms and one full bath
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,370
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a flexible owner-occupant or rental configuration in New Brunswick.
Where is this duplex located?
The property is located at 187 Hale St 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 duplex configuration; 1,248 SF property; Two bedrooms and one full bath
