87 Paul Robeson BLVD Active Save Request In-Person Tour Request Virtual Tour
New Brunswick,NJ 08901
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,043 sqft
Price per Sqft $295
MLS Listing ID 2604413R
Year Built 1900
Annual Tax Amount $8,565
Tax Year 2023
Lot Size 2,848 Sqft
Acres 0.0654
Lot Dimensions 75.00 x 0.00
Property Sub-Type 3 Family
Source CJMLS API
Property Description
Well maintained and generously sized, this fully occupied 3-family property offers over 3,000 square feet of living space and strong rental income, with an impressive 8% cap rate. Units 1 and 2 each feature 3 bedrooms and 1 full bath, while Unit 3 offers 2 bedrooms and 1 full bathmaking this an ideal investment or owner-occupied opportunity. Each unit is separately metered for gas and electric, streamlining management and tenant billing. Heating is provided by a combination of steam and hot water baseboard systems. Recent upgrades enhance both comfort and appeal: Units 1 and 2 received new paint, flooring and updated kitchens in 2024. Most windows have been replaced within the past five years. Exterior improvements include the replacement of front porch stairs and back porch stairs (the back porch stairs completed this month). The common back hall has also been freshly painted, with new carpeting added this month. City main line was replaced a couple years back. Turn-key and thoughtfully updated, this property is a standout opportunity in a high-demand rental market. Showing starts Saturday 9/20 open 2-4pm
Location
State NJ
County Middlesex
Zoning C-2B
Rooms
Basement Full,Interior Entry
Interior
Interior Features Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room),Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room),Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room)
Heating Baseboard Hotwater,Steam
Cooling None
Appliance Water Heater(See Remarks,Gas),Water Heater
Heat Source Natural Gas
Exterior
Exterior Feature Porch
Utilities Available Electricity Connected,Natural Gas Connected
Roof Type Asphalt
Porch Porch
Building
Lot Description See Remarks
Story 3
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1300136000000004
Ownership Fee Simple
Energy Description Natural Gas
Virtual Tour https://www.propertypanorama.com/instaview/msx/2604413R