Two-Family
For Sale
$485,000
187 Hale Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property Size1,248 SF
Lot Size0.06 Acres
Price / SF$388.62
Days on Market101
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
Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1
Basement
Finished
Directions
Remsen Ave to Hale St
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: Aug 4
Last Checked: Aug 5 at 12:06PM
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-family duplex offers a flexible setup with two-bedroom, one full bath in each unit. The property includes public utilities, with public water and public sewer service. Interior space features bedrooms, two bathrooms, and a basement, providing practical storage and everyday living area.
Built in 1920, the home sits on a 0.06-acre lot at 187 Hale Street in New Brunswick, NJ 08901 (Middlesex County). The configuration supports a live-in-and-rent arrangement or renting both units.
With the duplex layout and established utility connections, the property is well suited for tenants looking for separate living areas and buyers looking for straightforward income-through-occupancy flexibility.
Built in 1920, the home sits on a 0.06-acre lot at 187 Hale Street in New Brunswick, NJ 08901 (Middlesex County). The configuration supports a live-in-and-rent arrangement or renting both units.
With the duplex layout and established utility connections, the property is well suited for tenants looking for separate living areas and buyers looking for straightforward income-through-occupancy flexibility.
Key Highlights
- Two‑family duplex with two‑bedroom, one full bath units
- Public water and public sewer
- Built in 1920
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,379
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one full bath duplex with public water and public sewer, built in 1920.
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 duplex with two‑bedroom, one full bath units; Public water and public sewer; Built in 1920
