Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

8 Prospect St, New Brunswick, NJ, 08901

4beds
3baths
2,278sqft
$599,999
$263price/sqft
$4,510/moest. monthly cost
$180,400/yrincome needed

About This Home

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!

View Virtual Tour

Getting Around

96
WalkingWalker's Paradise
45
TransitSome Transit
62
BikeBikeable

Schools

4/10
Lincoln Elementary SchoolGrades K-40.5 mi
5/10
Blanquita B. Valenti Community SchoolGrades 4-81.3 mi
2/10
New Brunswick High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1882

Materials

  • Roof: Asphalt, Flat

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Water Heater(See Remarks,Gas),Water Heater,Unit 1(Range/Oven,Refrigerator),Unit 2(Range/Oven,Refrigerator),Unit 3(Range/Oven,Refrigerator)

Basement

  • Has basement: Yes
  • Basement: Full, Exterior Entry, Storage Space, Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

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)

Heating & Cooling

  • Heating features: Separate Furnaces
  • Cooling features: A/C Window Unit(s)

Interior Area

  • Total structure area: 2,278
  • Total interior livable area: 2,278 sqft

Property

Accessibility

  • Accessibility features: Unit 1 Accessibility Features,Unit 2 Accessibility Features,Unit 3 Accessibility Features

Details

  • Parcel number: 1300029000000034
  • Zoning: R-5A

Features

  • Stories: 3
  • Patio & porch: Patio,Deck
  • Exterior features: Patio,Deck

Lot

  • Lot size: 2,500 sqft
  • Features: Interior Lot
  • Lot size dimensions: 100.00 x 0.00