Well-Maintained Two-Family
267 Townsend Street, New Brunswick, NJ 08901
MULTI_FAMILY - New Brunswick, NJ
Property size:
2,084 SFLot size:
0.07 AcresPrice / SF:
$311/SF- Added:
- Mar 11, 2026
- Days on Market:
- 114
- Last Refresh:
- Jul 2 at 12:06 am
Property Features for 267 Townsend Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5A
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- 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
- 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 agent Bina Patel License #1540581 (732) 910-4707
Listing office HALO REALTY 216 STELTON ROAD, Bayville, NJ (908) 800-2446
Listing date Mar 11, 2026
MLS# 2661432M
Listing URL
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.
HighLights
- Two‑family home built in 1920 with 2 separate units, each offering 3 bedrooms and 1 full bathroom
- Updated in 2023: both apartments updated; kitchens refreshed in 2024
- Rental income currently $4,400/month total, with Unit 1 at $2,650 and Unit 2 at $2,650 (leases month‑to‑month)
- Utilities: tenants responsible for all utilities, including water; property served by public water and public sewer
- Recent improvements include updated electrical meters (2007) and sewer line replacement from home to street (2009)
- Heating and cooling include forced air heat and window A/C units; roof is approximately 15+ years old
Overview
Located in New Brunswick, this two-family property presents an opportunity for owner-occupancy or investment. Each unit features 3 bedrooms and 1 full bathroom. Both apartments were updated in 2023, with kitchen updates completed in 2024. The property generates $4,400 per month in rental income, with each unit renting for $2,650. Tenants cover all utilities, including water. The leases are month-to-month, requiring a 90-day notice for relocation or new lease terms. Property improvements include new windows, new coil trim around the windows and fascia, updated electrical meters in 2007, and a sewer line replacement from the home to the street 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 seller offers a $10,000 concession for closing costs, rate buy-downs, or upgrades. The property is located near Rutgers University, major hospitals, downtown New Brunswick, shopping, dining, and transportation, and is within 9 minutes of the Rutgers Bus Stop on the corner of George and New Street. The lot size is 0.0689 acres and the property size is 2084 square feet. Showings start 3/16/26.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.3k | $25.56 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.8k | $23.91 |
| − OpEx | −$14.9k | −$7.17 |
| NOI | $34.9k | $16.74 |
2,084 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.448547
- Latitude
- 40.4908689
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family property with income potential near Rutgers University.
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 home built in 1920 with 2 separate units, each offering 3 bedrooms and 1 full bathroom; Updated in 2023: both apartments updated; kitchens refreshed in 2024; Rental income currently $4,400/month total, with Unit 1 at $2,650 and Unit 2 at $2,650 (leases month‑to‑month)
