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    20-40 Joyce Kilmer Ave New Brunswick, NJ 08901

    For Sale
    $1,300,000

    Six-Unit Income Property, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land investment opportunity in New Brunswick, New Jersey, presents a rare chance to acquire a thriving six-unit property at $1,300,000. Located at 20-40 Joyce Kilmer Avenue, this 3-story, 1958-built building offers a mix of uses, including five residential units and a street-level storefront, providing a diverse income stream. The property boasts convenient on-site parking with a driveway and garages, a significant advantage in this desirable location. The address is within Middlesex County, New Jersey, zip code 08901, and sits at latitude 40.4919936 and longitude -74.4482107. This prime location in the heart of New Brunswick offers excellent potential for future growth and appreciation. The property is classified as commercial land and presents a strong investment opportunity for those seeking a stable and income-producing asset. While the cap rate is currently listed as 0%, the existing rental income from the six units and storefront provides a solid foundation for potential future returns. This is a turnkey opportunity to own a well-established property in a vibrant and growing urban center. The property's existing infrastructure and established tenant base make it an attractive investment for both seasoned and new investors. Don't miss this chance to secure a valuable piece of New Brunswick real estate.

    Property Features for 20-40 Joyce Kilmer Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1958
    Stories
    3
    Units
    6

    HighLights

    • Exceptional commercial land investment opportunity in New Brunswick, NJ, for $1,300,000.
    • Six‑unit property at 20‑40 Joyce Kilmer Ave, New Brunswick, NJ 08901.
    • Three‑story building (1958) with five residential units and a street‑level storefront.
    • Features on‑site parking with driveway and garages.
    • Strong potential for future growth and appreciation in a prime New Brunswick location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4482107
    Latitude
    40.4919936

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    FAQs

    What type of property is this?
    Land - Six-Unit Income Property, Prime Location
    Where is this land located?
    The property is located at 20-40 Joyce Kilmer Ave New Brunswick, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Exceptional commercial land investment opportunity in New Brunswick, NJ, for $1,300,000.; Six-unit property at 20-40 Joyce Kilmer Ave, New Brunswick, NJ 08901.; Three-story building (1958) with five residential units and a street-level storefront.
    (908) 233-5555
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    20-40 Joyce Kilmer Ave New Brunswick, NJ 08901
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    New Brunswick, NJ 08901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20-40 Joyce Kilmer Ave New Brunswick, NJ 08901
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