Two-Unit Residential
For Sale
Under Contract
$495,000
24 Welton Street, New Brunswick, NJ 08901
Residential Income, New Brunswick, NJ
Property Size1,548 SF
Lot Size0.06 Acres
Price / SF$319.77
Days on Market57
Property Features for 24 Welton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Zoning description
Buyer Should Verify
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Den, Basement, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2
Window features
Screens
Interior features
Unit 1(1 Bath, 2 Bedrooms, Kitchen, Living Room), Unit 2(1 Bedroom, 2+ Baths, Den/Family Room, Kitchen)
Exterior features
Barbecue, Fencing/Wall, Screen/Storm Window, Sidewalk, Yard
Fencing
Fenced
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Subdivision
City/New Brunswick
Lot features
Near Public Transit
Elementary school district
New Brunswick Ps
Middle school district
New Brunswick Ps
High school district
New Brunswick Ps
Directions
Take George Street To Hassart To Welton St. Or Livingston Ave To Welton St.
Standard status
Active Under Contract
APN
1300139000000031
Size
1,548 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5833
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
hardwood floors
thermal windows
eat-in kitchens
fenced backyard
professional landscaping
Building Details
Year built
1900
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
BORAIE REALTY, LLC
(732) 846-3700
Listed By:
Cleo Willis
(732) 821-7330
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 16 at 7:06AM
MLS# 2770372M
Copyright © 2026 All Jersey MLS. 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 two-story duplex at 24 Welton Street contains two residential units with a combined 4 bedrooms and 3 bathrooms. The 1548-square-foot property includes eat-in kitchens, hardwood flooring in select areas, thermal windows, central air conditioning, and an unfinished full basement with exterior access. Vinyl siding, an asphalt roof, public water, and public sewer serve the home. The property received a makeover in 2004 and is being sold AS-IS, WhereIs.
A fenced backyard with landscaping, yard space, sidewalk access, and barbecue amenities adds usable outdoor area. The property is near Rutgers, Lord Stirling School, downtown New Brunswick, shopping, bus and train service, Route 18, and transportation to NYC. R-5A zoning and separate utilities are also provided.
A fenced backyard with landscaping, yard space, sidewalk access, and barbecue amenities adds usable outdoor area. The property is near Rutgers, Lord Stirling School, downtown New Brunswick, shopping, bus and train service, Route 18, and transportation to NYC. R-5A zoning and separate utilities are also provided.
Key Highlights
- Two‑story duplex with 4 bedrooms and 3 bathrooms
- 1548 square feet on 0.0574 acres
- Separate utilities for the two residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,908
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,160
$518.2K
Cap Rate 7%
$370,114
$370.1K
Cap Rate 9%
$287,867
$287.9K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$39.6K $25.56/SF
− Vacancy
−$2.6K −$1.65/SF
EGI
$37.0K $23.91/SF
− OpEx
−$11.1K −$7.17/SF
NOI
$25.9K $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%
$518,160
Cap Rate 7%
$370,114
Cap Rate 9%
$287,867
Alternative Uses
Best Use
Multifamily LT 5
$370.1K
$323.9K – $431.8K
NOI $25,908 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$404.2K
$353.7K – $471.6K
NOI $28,295 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,654
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes separate utilities, central air conditioning, and a fenced backyard.
Where is this duplex located?
The property is located at 24 Welton Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑story duplex with 4 bedrooms and 3 bathrooms; 1548 square feet on 0.0574 acres; Separate utilities for the two residential units
