Three-Unit Triplex with Separate
New
For Sale
$775,000
201 W Union Ave, Bound Brook, NJ 08805
Multi-Family, 3-Three Story, Bound Brook Boro, NJ
Property Size2,738 SF
Lot Size0.21 Acres
Price / SF$283.05
Days on Market3
Property Features for 201 W Union Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
OB
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Basement, Bathroom 2, Bathroom 1
Parking
8
Patio and Porch features
Porch
Interior features
Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector
Exterior features
Curbs, Open Porch(es), Sidewalk
Lot features
Corner, Level Lot
High school
BOUNDBROOK
Directions
Union Ave. (Rt 28) on the corner of Livingston and Union Ave., sign
Standard status
Active
Size
2,738 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12769
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Other (Heating), Electric (Heating), Steam, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1885
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
KELLER WILLIAMS TOWNE SQUARE REAL · Keller Williams Realty
Listed By:
MARIA LEWIS
(908) 766-0085
Added: Oct 30
Last Checked: Nov 1 at 3:06AM
MLS# 4062053
Copyright © 2026 Garden State MLS, LLC. 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 Bound Brook triplex contains three apartments: a studio, a two-bedroom unit, and a three-bedroom unit. The building has 2,738 square feet on a 0.21-acre lot and was built in 1885. Utilities are separately metered except for water. Appliances are included in their current, as-is condition, and the current tenants are on month-to-month agreements.
The property has an open porch, central air, public water, and public sewer. It is described as near shopping, schools, restaurants, commuter routes, bus service, and a train station. Zoning is OB.
The property has an open porch, central air, public water, and public sewer. It is described as near shopping, schools, restaurants, commuter routes, bus service, and a train station. Zoning is OB.
Key Highlights
- Three rental units: studio, two‑bedroom, and three‑bedroom apartments
- 2,738 square feet on a 0.21‑acre lot
- Separate utilities except water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,076
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,520
$781.5K
Cap Rate 7%
$558,229
$558.2K
Cap Rate 9%
$434,178
$434.2K
Market Conditions
NOI Build-Up for 2,738 SF
Gross rent
$59.1K $21.60/SF
− Vacancy
−$3.3K −$1.21/SF
EGI
$55.8K $20.39/SF
− OpEx
−$16.7K −$6.12/SF
NOI
$39.1K $14.27/SF
Area
Somerset County, NJ
Vacancy
5.61%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,520
Cap Rate 7%
$558,229
Cap Rate 9%
$434,178
Alternative Uses
Best Use
Multifamily LT 5
$558.2K
$488.5K – $651.3K
NOI $39,076 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$485.8K
$425.1K – $566.8K
NOI $34,009 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$714.9K
$625.6K – $834.1K
NOI $50,046 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
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Business Placement
Demographics for 08805, NJ
13,948
Population
5,524
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
4,810
Density / Sq Mi
$84,201
Median Household Income
$41,874
Median Earnings
$1,859
Median Rent
$393,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct apartments include a studio, a two-bedroom, and a three-bedroom unit, with tenants on month-to-month agreements.
Where is this triplex located?
The property is located at 201 W Union Ave Bound Brook, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Three rental units: studio, two‑bedroom, and three‑bedroom apartments; 2,738 square feet on a 0.21‑acre lot; Separate utilities except water
