Corner Three-Unit Triplex with
For Sale
$899,900
612 Livingston Avenue, North Brunswick, NJ 08902
Residential Income, North Brunswick, NJ
Property Size1,839 SF
Lot Size0.11 Acres
Price / SF$489.34
Days on Market52
Property Features for 612 Livingston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking features
Garage
Interior features
Unit 1(3 Bedrooms, 2+ Baths), Unit 2(2 Bedrooms, 1 Bath), Unit 3(1 Bath)
Exterior features
Curbs, Sidewalk, Yard
Appliances
Water Heater(See Remarks), Water Heater
Lot features
Near Shopping, Near Train, Corner Lot, Near Public Transit
Elementary school district
North Brunswick Township Schoo
Middle school district
North Brunswick Township Schoo
High school district
North Brunswick Township Schoo
Directions
Livingston Ave.
Standard status
Active
APN
1400106000000001
Size
1,839 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9383
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Forced Air, Other (Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Building materials
Brick, Metal Siding
Roof type
Asphalt
Listing Agency:
RE/MAX INNOVATION · RE/MAX International
(732) 298-6006
Listed By:
Joseph Marascio
(732) 259-3522
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 21 at 4:06AM
MLS# 2700139R
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 corner three-unit triplex offers a mix of unit layouts and the ability to own a property with rental stability. All three units are rented on month-to-month leases. Unit 1 offers 3 bedrooms and 2+ baths, Unit 2 offers 2 bedrooms and 1 bath, and Unit 3 includes 1 bath. The home is built with brick and metal siding, and it features an asphalt roof. Heating includes hot water, forced air, baseboard, and other heating types. Public water and public sewer are available.
The property sits on an oversized lot with curbs, sidewalk, and a yard. Parking includes a garage on the property. The property is zoned C1 and is located in the business district, with access to transit options and nearby shopping.
With a 1930 build year and exterior updates including a newer roof and recently painted exterior, this triplex is positioned for owner-occupant or investor use, including the option to live in one unit while leasing the others.
The property sits on an oversized lot with curbs, sidewalk, and a yard. Parking includes a garage on the property. The property is zoned C1 and is located in the business district, with access to transit options and nearby shopping.
With a 1930 build year and exterior updates including a newer roof and recently painted exterior, this triplex is positioned for owner-occupant or investor use, including the option to live in one unit while leasing the others.
Key Highlights
- All three units rented on month‑to‑month leases
- Corner three‑unit triplex with C1 zoning
- Unit mix: 3‑bed/2+ bath, 2‑bed/1 bath, and 1 bath
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
$30,778
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
3.42%
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%
$615,560
$615.6K
Cap Rate 7%
$439,686
$439.7K
Cap Rate 9%
$341,978
$342.0K
Market Conditions
NOI Build-Up for 1,839 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
$47.0K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$44.0K $23.91/SF
− OpEx
−$13.2K −$7.17/SF
NOI
$30.8K $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%
$615,560
Cap Rate 7%
$439,686
Cap Rate 9%
$341,978
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.3K
NOI $28,280 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$480.2K
$420.2K – $560.2K
NOI $33,614 @ 7.0% cap · market cap 3.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 08902, NJ
43,296
Population
15,892
Households
2.7
Avg Household Size
38
Median Age
45%
College-Educated
87%
High-School Grad
13.2 sq mi
ZIP Area
3,280
Density / Sq Mi
$117,671
Median Household Income
$57,880
Median Earnings
$2,055
Median Rent
$402,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Corner three-unit triplex with all units rented on month-to-month leases and a 2-car garage on a C1 zoned lot.
Where is this triplex located?
The property is located at 612 Livingston Avenue North Brunswick, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: All three units rented on month‑to‑month leases; Corner three‑unit triplex with C1 zoning; Unit mix: 3‑bed/2+ bath, 2‑bed/1 bath, and 1 bath
