2-Unit Duplex with Off-Street
For Sale
Under Contract
$615,000
28 Suydam Street, New Brunswick, NJ 08901
Residential Income, New Brunswick, NJ
Property Size1,577 SF
Lot Size0.11 Acres
Price / SF$389.98
Days on Market49
Property Features for 28 Suydam Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Zoning description
Buyer Should Verify
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2, Den
Window features
Insulated Windows, Blinds
Patio and Porch features
Porch
Interior features
Unit 1(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, Living Room, Den/Family Room)
Exterior features
Curbs, Porch(es) - Open, Sidewalk, Storage Shed, Windows - Insulated Pane, Yard, Blinds, Porch, Shades Some
Appliances
Water Heater(See Remarks, Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer)
Subdivision
Douglas College
Lot features
Near Shopping, Near Public Transit
Elementary school district
New Brunswick City School Dist
Middle school district
New Brunswick City School Dist
High school district
New Brunswick City School Dist
Directions
Nichol Ave to Suydam St
Standard status
Active Under Contract
APN
1300174000000028
Size
1,577 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8392
Utilities
Sewer type
Public Sewer
Heating system
Central, Baseboard, Radiant, Hot Water(Heating)
Cooling system
Window Unit(s), Ceiling Fan(s), Wall Unit(s)
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1920
Floors in Building
3
Building materials
Vinyl Siding
Roof type
Slate
Additional Structures
Storage
Listing Agency:
C-21 BARROOD REALTORS · Century 21 Real Estate
(732) 297-7900
Listed By:
Tony Chedid
(732) 754-7776
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 22 at 8:06PM
MLS# 2703934R
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-unit duplex contains a one-bedroom apartment with a living room, kitchen, and full bath, plus a three-bedroom apartment spanning the second and third floors. The larger unit also includes a den or family room. Both apartments have a washer and dryer, range, and refrigerator. The building measures 1,577 square feet on a 0.1079-acre lot and is zoned R-5A.
The property is one block from Douglas College and provides off-street parking for 6 cars. A full basement houses two hot-water baseboard furnaces, each 4 years old, along with two laundry sets. Utilities are separate, with separate gas meters and 3 electric meters. Additional features include a porch, storage shed, insulated-pane windows, public water, and public sewer.
The property is one block from Douglas College and provides off-street parking for 6 cars. A full basement houses two hot-water baseboard furnaces, each 4 years old, along with two laundry sets. Utilities are separate, with separate gas meters and 3 electric meters. Additional features include a porch, storage shed, insulated-pane windows, public water, and public sewer.
Key Highlights
- Two apartments: one with 1 bedroom and one with 3 bedrooms
- 1,577‑square‑foot building on a 0.1079‑acre lot
- Off‑street parking for 6 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,393
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,860
$527.9K
Cap Rate 7%
$377,043
$377.0K
Cap Rate 9%
$293,256
$293.3K
Market Conditions
NOI Build-Up for 1,577 SF
Gross rent
$40.3K $25.56/SF
− Vacancy
−$2.6K −$1.65/SF
EGI
$37.7K $23.91/SF
− OpEx
−$11.3K −$7.17/SF
NOI
$26.4K $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%
$527,860
Cap Rate 7%
$377,043
Cap Rate 9%
$293,256
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.9K
NOI $26,393 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$346.4K
$303.1K – $404.2K
NOI $24,251 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$411.8K
$360.3K – $480.4K
NOI $28,825 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct one-bedroom and three-bedroom layouts, with laundry equipment and separate gas meters.
Where is this duplex located?
The property is located at 28 Suydam Street New Brunswick, 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: Two apartments: one with 1 bedroom and one with 3 bedrooms; 1,577‑square‑foot building on a 0.1079‑acre lot; Off‑street parking for 6 cars
