Updated Two-Family
For Sale
Under Contract
$649,900
267 Townsend Street, New Brunswick, NJ 08901
Residential Income, New Brunswick, NJ
Property Size2,084 SF
Lot Size0.07 Acres
Price / SF$311.85
Days on Market217
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
Basement, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
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) 669-2777
Added: Mar 11
Changed: Oct 8
Last Checked: Oct 13 at 6:06AM
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.
This 2,084-square-foot duplex, built in 1920, contains two residential units with matching layouts: three bedrooms, one full bathroom, a kitchen, and a living room per apartment. Both units received updates in 2023, followed by kitchen improvements in 2024. The property has vinyl siding, forced-air heating, window-unit cooling, public water, and public sewer. Additional improvements include replacement windows, refreshed window and fascia trim, electrical meter updates completed in 2007, and a sewer line replacement completed in 2009.
Set on 0.0689 acres in New Brunswick, the property is zoned R-5A and is located near Rutgers University, major hospitals, downtown New Brunswick, shopping, dining, and transportation. The Rutgers bus stop at the corner of Geroge and New Street is within 9 minutes. Month-to-month leases provide flexibility, with tenants responsible for utilities, including water, and 90-day notice requirements for relocation or new lease terms.
The roof is approximately 15 years old, the furnace is approximately 10+ years old, and the water heater is approximately 5+ years old.
Set on 0.0689 acres in New Brunswick, the property is zoned R-5A and is located near Rutgers University, major hospitals, downtown New Brunswick, shopping, dining, and transportation. The Rutgers bus stop at the corner of Geroge and New Street is within 9 minutes. Month-to-month leases provide flexibility, with tenants responsible for utilities, including water, and 90-day notice requirements for relocation or new lease terms.
The roof is approximately 15 years old, the furnace is approximately 10+ years old, and the water heater is approximately 5+ years old.
Key Highlights
- Duplex with two 3‑bedroom, 1‑bathroom units
- 2,084 square feet on a 0.0689‑acre lot
- Both apartments updated in 2023; kitchens refreshed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,878
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, separate kitchens, and month-to-month tenancy arrangements.
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: Duplex with two 3‑bedroom, 1‑bathroom units; 2,084 square feet on a 0.0689‑acre lot; Both apartments updated in 2023; kitchens refreshed in 2024
