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 amenities. Showings begin 05/09/26. Do not miss this opportunity!
Under contract
$599,999
8 Prospect St, New Brunswick, NJ 08901
4beds
3baths
2,278sqft
Multi Family
Built in 1882
-- sqft lot
$541,400 Zestimate®
$263/sqft
$-- HOA
What's special
- 55 days |
- 22 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
SHAILENDER AHLAWAT,
HALO REALTY 908-800-2446
Source: All Jersey MLS,MLS#: 2614145R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Separate Furnaces
Cooling
- A/C Window Unit(s)
Appliances
- Included: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)
Features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room)
- Basement: Full, Exterior Entry, Storage Space, Utility Room
Interior area
- Total structure area: 2,278
- Total interior livable area: 2,278 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: Unit 1 Accessibility Features, Unit 2 Accessibility Features, Unit 3 Accessibility Features
Features
- Stories: 3
- Patio & porch: Patio, Deck
- Exterior features: Patio, Deck
Lot
- Size: 2,500 Square Feet
- Dimensions: 100.00 x 0.00
- Features: Interior Lot
Details
- Parcel number: 1300029000000034
- Zoning: R-5A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt, Flat
Condition
- Year built: 1882
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: New Brunswick
Financial & listing details
- Price per square foot: $263/sqft
- Tax assessed value: $249,100
- Annual tax amount: $6,696
- Date on market: 5/9/2026
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
$541,400
$498,000 - $585,000
$2,403/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Contingent | $599,999$263/sqft |
Source:  All Jersey MLS #2614145R Report a problem | ||
| 5/9/2026 | Listed for sale | $599,999+37.9%$263/sqft |
Source: All Jersey MLS #2614145R Report a problem | ||
| 3/30/2022 | Listing removed | -- |
Source: All Jersey MLS #2210510R Report a problem | ||
| 3/12/2022 | Listed for sale | $435,000+85.1%$191/sqft |
Source: All Jersey MLS #2210510R Report a problem | ||
| 8/14/2002 | Sold | $235,000$103/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,524 | $249,100 |
| 2024 | $6,524 +3% | $249,100 |
| 2023 | $6,335 +2.2% | $249,100 |
| 2022 | $6,200 +0.4% | $249,100 |
| 2021 | $6,175 +34.8% | $249,100 |
| 2020 | $4,580 -22.4% | $249,100 |
| 2019 | $5,899 | $249,100 |
| 2018 | $5,899 -13.5% | $249,100 |
| 2017 | $6,822 +2.4% | $249,100 +114.2% |
| 2016 | $6,659 +1.8% | $116,300 |
| 2015 | $6,541 +0.8% | $116,300 |
| 2014 | $6,488 +4.6% | $116,300 |
| 2012 | $6,202 +3.3% | $116,300 |
| 2011 | $6,003 +2.7% | $116,300 |
| 2010 | $5,846 +2.9% | $116,300 |
| 2009 | $5,680 | $116,300 |
| 2008 | -- | $116,300 |
| 2007 | -- | $116,300 |
| 2006 | -- | $116,300 |
| 2005 | -- | $116,300 |
| 2004 | $4,617 | $116,300 |
| 2003 | -- | $116,300 |
| 2002 | -- | $116,300 |
| 2001 | -- | $116,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 08901
Nearby schools
GreatSchools rating
- 5/10Blanquita B. Valenti Community SchoolGrades: K-8Distance: 0.3 mi
- 2/10New Brunswick High SchoolGrades: 9-12Distance: 1.8 mi
- 4/10Lincoln Elementary SchoolGrades: K-5Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Middlesex County
- New Brunswick
- 08901
- 8 Prospect St
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