Investment Property for Sale at 87 Paul Robeson Boulevard in New Brunswick, NJ for $899,900

87 Paul Robeson Boulevard | New Brunswick

$899,900 | 3,043 Sq. Ft.

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 CJMLS 2604413R

MLS Listing ID: 
CJMLS 2604413R
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1900
Age: 
0
Living Area: 
3,043
Basement: 
Full, Interior Entry
Interior: 
Kitchen, Kitchen, Kitchen
Construction
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Rooms: 
17
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard Hotwater, Steam
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Area): 
0.07
Lot Size (Dimensions): 
75.00 x 0.00
Public Record
Parcel Number: 
1300136000000004
Annual Tax: 
$8,565.00
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX FIRST REALTY, INC.

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