Two-Family
For Sale
$469,900
92 Redmond St, New Brunswick, NJ 08901
Two residential units offer flexible room layouts and steam heat near Lord Sterling Elementary School.
Property Size1,776 SF
Price / SF$264.58
Days on Market92
Property Features for 92 Redmond St
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1912
Buildings
1
Listing Agency:
BORAIE REALTY, LLC
Listed By:
JOHN H. WINANT
(732) 846-3700
Source:
Thebansalteam
Added: Jul 14
Changed: Sep 5
Last Checked: Oct 7 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BORAIE REALTY, LLC
Investment Insights
Based on property information with market context.
This two-family duplex contains 1,776 square feet and was built in 1912. Each unit includes two bedrooms, a kitchen, living room, and an additional room, creating a consistent layout across both residences. The property is equipped with two steam furnaces, described as fairly new in the available information.
The home is located near Lord Sterling Elementary School in New Brunswick. Front-door and rear-step painting is underway, providing an active exterior maintenance item for consideration. The combination of two residential units, separate living areas, and supplementary rooms supports the property’s duplex configuration.
The home is located near Lord Sterling Elementary School in New Brunswick. Front-door and rear-step painting is underway, providing an active exterior maintenance item for consideration. The combination of two residential units, separate living areas, and supplementary rooms supports the property’s duplex configuration.
Key Highlights
- Two‑family property with 1,776 square feet
- Each unit includes 2 bedrooms, kitchen, living room, and an extra room
- Two steam furnaces described as fairly new
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,723
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,460
$594.5K
Cap Rate 7%
$424,614
$424.6K
Cap Rate 9%
$330,256
$330.3K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$45.4K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.5K $23.91/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.7K $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%
$594,460
Cap Rate 7%
$424,614
Cap Rate 9%
$330,256
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.4K
NOI $29,723 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$390.2K
$341.4K – $455.2K
NOI $27,311 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,654
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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Cap Rate, Value Estimation, Potential NOI and more
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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 flexible room layouts and steam heat near Lord Sterling Elementary School.
Where is this duplex located?
The property is located at 92 Redmond St New Brunswick, NJ.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑family property with 1,776 square feet; Each unit includes 2 bedrooms, kitchen, living room, and an extra room; Two steam furnaces described as fairly new
