8 Prospect Street, New Brunswick, NJ 08901

• 3 baths |
• 2,278 sqft

Property Description

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!

Listing Status:

Active

Date Added:

May 9, 2026

Data Last Updated:

May 22, 2026 at 6:06PM

Listing Office:

HALO REALTY : 908-800-2446

Listing Agent:

SHAILENDER AHLAWAT :

MLS ID:

2614145R

Interior

• General: Unit 1(Dining Room2 BedroomsKitchen1 BathLiving Room)Unit 2(1 BedroomKitchen1 BathLiving Room)Unit 3(1 BedroomKitchen1 BathLiving Room)
• Appliances: Water Heater(See RemarksGas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)Unit 3(Range/OvenRefrigerator)
• Basement: FullExterior EntryStorage SpaceUtility Room
• A/C: A/C Window Unit(s)
• Heating: Separate Furnaces
• Disability Feature: Unit 1 Accessibility FeaturesUnit 2 Accessibility FeaturesUnit 3 Accessibility Features

Exterior

• General: PatioDeck
• Other Structures: DeckPatio

Construction

• Roofing: AsphaltFlat
• General: 3

Location

• Originating MLS: CJMLS API
• County: Middlesex

Lot

• Zoning: R-5A1300029000000034

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CJMLS API