4-Unit Multifamily
New
For Sale
$725,000
942 Edwin St, North Brunswick, NJ 08902
Three apartments have recently been renovated.
Property Size1,840 SF
Days on Market2
Property Features for 942 Edwin St
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,449
Building Details
Building Size
1,840 SF
Year Built
1924
Units
4
Listing Agency:
Coldwell Banker Res. Brokerage
Listed By:
Maria Skowronski · License #2185717
(732) 462-4242
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:31PM
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 Coldwell Banker Res. Brokerage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-apartment property in North Brunswick dates to 1924. Three of the units have undergone recent renovations, while all four are part of the existing residential configuration.
Route 1, train stations, and bus transportation are nearby. The property offers four separate apartments in an established residential setting.
Route 1, train stations, and bus transportation are nearby. The property offers four separate apartments in an established residential setting.
Key Highlights
- Four‑apartment residential property
- Three of the four units have been renovated recently
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,795
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,900
$615.9K
Cap Rate 7%
$439,929
$439.9K
Cap Rate 9%
$342,167
$342.2K
Market Conditions
NOI Build-Up for 1,840 SF
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 Rate 5%
$615,900
Cap Rate 7%
$439,929
Cap Rate 9%
$342,167
Alternative Uses
Best Use
Multifamily LT 5
$439.9K
$384.9K – $513.3K
NOI $30,795 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,296 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$480.5K
$420.4K – $560.5K
NOI $33,632 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
473
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments have recently been renovated.
Where is this quadplex located?
The property is located at 942 Edwin St North Brunswick, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑apartment residential property; Three of the four units have been renovated recently; Built in 1924
