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8 Prospect Street, New Brunswick, NJ, 08901

$599,999

0

Beds

3

Bathrooms

2,278

Building Sqft

0.06

Acres

2,500

Lot Sqft

About 8 Prospect Street

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!

Features of 8 Prospect Street

MLS® #
2614145R
Bathrooms
3
Acres
0.06
Type
Residential Income
Price
$599,999
Square Footage
2,278
Year Built
1882
Sub-Type
3 Family

Exterior

Lot Description
[\"Interior Lot\"]

Community Information

Address
8 Prospect Street
City
New brunswick
County
Middlesex
State
NJ
Zip Code
08901

Listing Information

Agent Name
SHAILENDER AHLAWAT
Agent Office
HALO REALTY

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(718) 987-7900