Back to Search

Two-Unit Multi-Family Property

206 ANN Street, Hillsborough, NJ 08844

View on Map

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:: 47
Last Refresh:: Jun 17 at 11:06 pm

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

Nearby Similar for Sale

$269,000

860 SF

Professional Office Condo

Boutique office condo in the HOO district, positioned for convenient access to Route 206, Amwell Road, and Hamilton Road.

491 Amwell Rd, Hillsborough Twp., NJ 08844-3407

View Details
$3,300,000

14,376 SF

Hillsborough Office Building For Sale

14,376 sq ft office building in prime location.

349 Us Highway 206, Hillsborough Twp., NJ 08844-4667

View Details
$3,000

1,300 SF

Hillsborough Retail Space in Triangle Square

1,300 sq ft retail space off Route 206.

281 Triangle Rd, Hillsborough Twp., NJ 08844

View Details
$959,000

2,824 SF

Professional Office Building

Single-tenant-style office building offered for sale or lease with a modified gross expense structure.

408 US HIGHWAY 206 Unit NA, Hillsborough Twp., NJ 08844

View Details
$460,000

3,011 SF

Modern Office Complex For Sale

Well-maintained office complex suitable for professional or medical use.

491 Amwell Rd Hillsborough Township, NJ 08844

View Details
$2,995,000

Commercial Development Land with US 206 Frontage

Seven-plus-acre site with highway frontage in a commercial zone, currently improved with three residential units.

812-822 US Highway 206, Hillsborough Twp., NJ 08844-1508

View Details
$959,000

Specialty Commercial Property

For sale specialty property on US Highway 206 near McDonald’s and across from Taco Bell.

408 Us Highway 206, Hillsborough Twp., NJ 08844

View Details
$299,000

860 SF

Boutique Professional Office Condo

860 SF office condo in Hillsborough Twp., NJ for sale.

491 Amwell Rd, Hillsborough Twp., NJ 08844

View Details
$805,000

Unique Three-Family Home on Acreage

Legal three-family home with historic charm and modern convenience.

848 River Rd, Hillsborough Twp., NJ 08844-4096

View Details
$3,400

2,200 SF

Office Suite with Separate HVAC

Move-in ready office suite with multiple rooms, large reception space, and separate HVAC units plus ample on-site parking.

856 Us Highway 206, Hillsborough Twp., NJ 08844

View Details
$799,999

3,808 SF

Millstone Boro Investment Opportunity

Investment property in Millstone Boro with owner financing available.

1370 Millstone River Rd, Millstone Boro, NJ 08844

View Details
$2,918

25,200 SF

Retail and Medical Suite in Center

Suite 221 is available in a well-maintained shopping center with tenant-paid NNN-style expenses.

220 TRIANGLE RD Unit 221, Hillsborough Twp., NJ 08844

View Details

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

FAQs

Create New Password