Two-Unit Duplex with Updated
For Sale
Under Contract
$649,900
267 Townsend Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property Size2,084 SF
Lot Size0.07 Acres
Price / SF$311.85
Days on Market166
Property Features for 267 Townsend Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Zoning description
Buyer Should Verify
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Basement, Bedroom 1, Bedroom 4
Interior features
Unit 1(1 Bath, 3 Bedrooms, Kitchen, Living Room), Unit 2(1 Bath, 3 Bedrooms, Kitchen, Living Room)
Appliances
Water Heater(Gas), Water Heater
Lot features
Near Public Transit, Near Shopping, Near Train
Elementary school district
New Brunswick Ps
Middle school district
New Brunswick Ps
High school district
New Brunswick Ps
Standard status
Active Under Contract
APN
130014800000001201
Size
2,084 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8115
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
HALO REALTY
(908) 800-2446
Listed By:
Bina Patel · License #1540581
(732) 910-4707
Added: Mar 11
Changed: Aug 18
Last Checked: Aug 23 at 11:06AM
MLS# 2661432M
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.
Investment Insights
Based on property information with market context.
A well-maintained two-family duplex at 267 Townsend Street offers two separate 3-bedroom, 1-bath units with living rooms and kitchens. Both apartments were updated in 2023, and the kitchens were refreshed in 2024. The property has a forced-air heating system, window unit cooling, and a vinyl siding exterior. Water is supplied by public sources, with public sewer service, and the roof is asphalt.
Unit 1 and Unit 2 are currently on month-to-month leases. Tenants are responsible for all utilities, including water, and require a 90-day notice to relocate or to begin new lease terms. Supporting improvements include new windows and new coil trim around the windows and fascia, updated electrical meters in 2007, and a sewer line replacement from the home to the street completed in 2009. The furnace is approximately 10+ years old, the water heater is approximately 5+ years old, and the roof is approximately 15+ years old.
The property is zoned R-5A and sits on a 0.0689-acre lot. Built in 1920, it’s designed for an owner-occupant or investor seeking flexible occupancy with unit-by-unit independence.
Unit 1 and Unit 2 are currently on month-to-month leases. Tenants are responsible for all utilities, including water, and require a 90-day notice to relocate or to begin new lease terms. Supporting improvements include new windows and new coil trim around the windows and fascia, updated electrical meters in 2007, and a sewer line replacement from the home to the street completed in 2009. The furnace is approximately 10+ years old, the water heater is approximately 5+ years old, and the roof is approximately 15+ years old.
The property is zoned R-5A and sits on a 0.0689-acre lot. Built in 1920, it’s designed for an owner-occupant or investor seeking flexible occupancy with unit-by-unit independence.
Key Highlights
- Two‑family duplex with two 3‑bedroom, 1‑bath units
- Both apartments updated in 2023; kitchens refreshed in 2024
- Month‑to‑month leases; 90‑day notice for relocation or new lease terms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$697,560
$697.6K
Cap Rate 7%
$498,257
$498.3K
Cap Rate 9%
$387,533
$387.5K
Market Conditions
NOI Build-Up for 2,084 SF
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.
Gross rent
$53.3K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.8K $23.91/SF
− OpEx
−$14.9K −$7.17/SF
NOI
$34.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$697,560
Cap Rate 7%
$498,257
Cap Rate 9%
$387,533
Alternative Uses
Best Use
Multifamily LT 5
$498.3K
$436.0K – $581.3K
NOI $34,878 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.1K
NOI $32,048 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,092 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,534
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 - Duplex with two 3-bedroom units, tenant-paid utilities, and flexible month-to-month leases under R-5A zoning.
Where is this duplex located?
The property is located at 267 Townsend Street New Brunswick, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑family duplex with two 3‑bedroom, 1‑bath units; Both apartments updated in 2023; kitchens refreshed in 2024; Month‑to‑month leases; 90‑day notice for relocation or new lease terms
