Two-Unit Multi-Family Property

206 ANN Street, Hillsborough, NJ 08844

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For Sale

$615,000

MULTI_FAMILY - Other - HILLSBOROUGH, NJ

Property size:

2,208 SF

Lot size:

0.08 Acres

Price / SF:

$278/SF

HighLights

2‑family multi‑unit configured like two townhomes joined; each unit has 2 floors
Unit A: 3 bedrooms, formal living/dining, eat‑in kitchen, first‑floor full bath and laundry; Unit A is vacant
Unit B: eat‑in kitchen, full bath and laundry on first floor; 2 bedrooms on second floor; tenant occupied with lease ending Dec 31, 2026
Shared attic with stair access for additional storage; attic is shared by both units
Updates reported from 2023: water heater, HVAC, and septic tank; property is sold AS‑IS
NOT in FLOOD ZONE; unfinished basement includes a water heater accessible from outside near the front porch via rain doors

We can help!

Listing Contact

Pallavi Masih

For Sale

$615,000

MULTI_FAMILY - Other - HILLSBOROUGH, NJ

Property size:

2,208 SF

Lot size:

0.08 Acres

Price / SF:

$278/SF

Added:: May 2, 2026
Days on Market:: 48
Last Refresh:: Jun 18 at 12:06 am

Property Features for 206 ANN Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement, Dining Room
Parking features: On Street
Interior features: Attic, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Dining Area, Combination Kitchen/Dining, Exposed Beams, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Table Space, Recessed Lighting, Water Treat System, Wood Floors
Appliances: Dishwasher, Microwave, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer/Dryer Stacked, WaterHeater
Standard status: Active
Size: 2,208 SF
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Annual Amount: 11536

Utilities

Heating system: Baseboard, Forced Air, Hot Water(Heating)
Cooling system: Central Air, Window Unit(s)

Building Details

Year built: 1900
Number of units: 1
Building materials: Frame
Architectural style: Other

We can help!

Listing Contact

Pallavi Masih

Listing agent Pallavi Masih License #2299080

Listing office RE/MAX Instyle Realty Corp 21 Belle Mead Griggstown Road unit: 107, Skillman, NJ

Listing date May 2, 2026

MLS# NJSO2005528 Listing URL

HighLights

2‑family multi‑unit configured like two townhomes joined; each unit has 2 floors
Unit A: 3 bedrooms, formal living/dining, eat‑in kitchen, first‑floor full bath and laundry; Unit A is vacant
Unit B: eat‑in kitchen, full bath and laundry on first floor; 2 bedrooms on second floor; tenant occupied with lease ending Dec 31, 2026
Shared attic with stair access for additional storage; attic is shared by both units
Updates reported from 2023: water heater, HVAC, and septic tank; property is sold AS‑IS
NOT in FLOOD ZONE; unfinished basement includes a water heater accessible from outside near the front porch via rain doors

Overview

This two-family multi-unit property is configured like two joined townhomes. Each unit features two floors. Unit A includes a formal living room, dining area with exposed beams, an eat-in kitchen, a first-floor full bathroom and laundry, three bedrooms, and a full bathroom on the second floor. Unit A is currently vacant. Unit B contains a formal living room, an eat-in kitchen, a full bathroom, and laundry on the first floor, along with two bedrooms on the second floor. Both units share attic space accessible by stairs, providing additional storage. The water heater, HVAC, and septic tank were updated in 2023. The unfinished basement, housing the water heater, is accessible from outside via rain doors next to the front porch. The property is not located in a flood zone. Situated close to the canal, public transportation, and the Hillsborough School District, this property is suitable for investors or those looking to occupy one unit and rent out the other. The property is being sold AS-IS. Unit B is tenant-occupied, with the lease expiring on December 31, 2026; the tenant is interested in remaining. The property size is 2208 square feet and the lot size is 0.0762 acres.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$47.7k	$21.60
− Vacancy	−$2.7k	−$1.21
EGI	$45.0k	$20.39
− OpEx	−$13.5k	−$6.12
NOI	$31.5k	$14.27

2,208 SF · lease $21.60/SF/yr · vacancy 5.61% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$450.2K

$393.9K – $525.2K (±1% cap)

NOI $31,512 @ 7.0% cap · market cap 5.12%

Second Best

Apartment 5plus

$391.8K

$342.8K – $457.1K (±1% cap)

NOI $27,426 @ 7.0% cap · market cap 4.46%

Theoretical Best

Office A

$576.6K

$504.5K – $672.7K (±1% cap)

NOI $40,359 @ 7.0% cap · market cap 6.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Hillsborough
County: Somerset
State: New Jersey
Longitude: -74.5889435
Latitude: 40.5000229

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For sale
Duplexes
NJ
Hillsborough
08844
206 ANN Street

What type of property is this?

Duplex - Two-family multi-unit property near canal and schools.

Where is this duplex located?

The property is located at 206 ANN Street Hillsborough, NJ.

What is the asking price?

The asking price for this property is $615,000.

What are key features of this property?

This property features: 2‑family multi‑unit configured like two townhomes joined; each unit has 2 floors; Unit A: 3 bedrooms, formal living/dining, eat‑in kitchen, first‑floor full bath and laundry; Unit A is vacant; Unit B: eat‑in kitchen, full bath and laundry on first floor; 2 bedrooms on second floor; tenant occupied with lease ending Dec 31, 2026

206 ANN Street, Hillsborough, NJ 08844

MULTI_FAMILY - Other - HILLSBOROUGH, NJ

Property Features for 206 ANN Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Professional Office Condo

Hillsborough Office Building For Sale

Hillsborough Retail Space in Triangle Square

Professional Office Building

Modern Office Complex For Sale

Commercial Development Land with US 206 Frontage

Specialty Commercial Property

Boutique Professional Office Condo

Unique Three-Family Home on Acreage

Office Suite with Separate HVAC

Millstone Boro Investment Opportunity

Retail and Medical Suite in Center

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