82 Lee AveNew Brunswick, NJ 08901

Property Details for 82 Lee Ave

Year built

1907

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

1,625 SF

Zone code

R-5A

Property type

Other commercial real estate

APN

13 00189-0000-00028

APU

1300189000000028

Description

This exceptional investment opportunity presents a charming two-unit multifamily building located at 82 Lee Avenue in New Brunswick, New Jersey. Built in 1907, this two-story property sits on a 0.057-acre lot and offers significant potential for income generation. The property includes on-site parking, a valuable amenity in this desirable location. Currently, the first-floor unit commands a monthly rent of $3,585, while the second-floor unit rents for $1,480 per month, providing a substantial cash flow. A comprehensive three-year inspection and Lead Safe Certificate were completed in 2024, ensuring peace of mind for the new owner. The property is classified as Multifamily and Special Purpose, reflecting its unique blend of residential and potential additional uses. This is a rare chance to acquire a well-maintained, income-producing property in a thriving New Jersey market. The property's address is 82 Lee Avenue, New Brunswick, NJ 08901. The asking price is $650,000. While the cap rate is currently listed as 0.00%, the strong rental income provides a solid foundation for a potentially high return on investment. This property is ideal for both seasoned investors and those seeking to enter the real estate market.

• Alternative Use

  Use

  Valuation

  Residential

  $307,514

  Hospitality

  $281,681

  Educational

  $234,355

  Medical

  $242,415

  Retail

  $364,552

Location Insight

City

New Brunswick

County

Middlesex

State

New Jersey

Latitude

40.4871

Longitude

-74.4476

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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