8 Prospect Street
New Brunswick, NJ 08901
--
Bed
3
Bath
2,278Sqft
0.06Acre(Lot)
Excellent income‑producing 3‑family property in the heart of New Brunswick, next to the hospital and short distance to NJ Transit trains. Rare, fully rented 3‑family with basement offering strong cash flow. Unit 1 features 2 BR / 1 FB, Kitchen & LR ($1,756/mo). Unit 2 features 1 BR / 1 FB, Kitchen & LR ($1,350/mo). Unit 3 features 1 BR / 1 FB, Kitchen & LR ($1,300/mo). Units 1 & 2 gas heat, Unit 3 electric heat. Separate electric & gas meters. Tenants pay electric/gas; owner pays water. Newer flooring throughout, new roof, updated fire escape and rear stairs. Owner invested nearly $50K in improvements over past 5 years. 2025 Gross Income $52,872. Expenses $20,389.23. NOI $32,482.77. Cap Rate 5.41%. Prime location near Rutgers, hospitals, transportation, and downtown ameni
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 3Room Information
Rooms Total: 14 Has Basement: Yes Basement: Full, Exterior Entry, Storage Space -
Roofing Information
Asphalt, Flat -
Interior Features
Storage Roof: Asphalt, Flat Appliances: Water Heater, Refrigerator -
Heating & Cooling
Has Heating: Yes Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1882 Building Area Total: 2278 Construction Materials: Metal Siding Stories: 3 Patio And Porch Features: Patio, Deck Private Pool: No
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Lot Information
Lot Dimensions: 100.00 x 0.00 Main Square Feet: 0.0574 Acres Lot Size Acres: 0.0574 Lot Size Square Feet: 2500 Lot Description: Interior Lot
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Listing Price Information
Listing Price: $599999
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Tax Information
Parcel Number: 1300029000000034 Tax Lot: 34 Tax Block: 29 Tax Year: 2025 Annual Tax: $6696
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Utility Information
Electricity Connected, Natural Gas Connected, Natural Gas Available -
Location Information
Direction: Somerset Street to Prospect Street. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 126 Jones Avenue, New Brunswick, NJ, 08901 | $535,000 | -- | 2 | -- | |
| 15 S Ward Street, New Brunswick, NJ, 08901 | $515,000 | 4 | 2 | 1,760 | 1,760 SqFt |
| 65 Hale Street, New Brunswick, NJ, 08901 | $649,900 | -- | 2 | 2,346 | 2,346 SqFt |
| 75 Delavan Street, New Brunswick, NJ, 08901 | $350,000 | -- | 4 | 3,066 | 3,066 SqFt |
| 181 Redmond Street, New Brunswick, NJ, 08901 | $450,000 | -- | 2 | -- | |
| 168 Throop Avenue, New Brunswick, NJ, 08901 | $800,000 | -- | 3 | 2,235 | 2,235 SqFt |
| 378 George Street, New Brunswick, NJ, 08901 | $2,495,000 | -- | 5 | 6,120 | 6,120 SqFt |
| 183 Seaman Street, New Brunswick, NJ, 08901 | $580,000 | -- | 2 | 1,928 | 1,928 SqFt |
| 135 Baldwin Street, New Brunswick, NJ, 08901 | $519,000 | -- | 2 | 2,184 | 2,184 SqFt |
| 187 Hale Street, New Brunswick, NJ, 08901 | $500,000 | -- | -- | 1,248 | 1,248 SqFt |
Similar Multifamily To 8 Prospect Street
Nearby For Sale
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ByOwner last updated this listing 06/21/2026 @ 15:00
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