by RHP Realty

See Home Value
New Brunswick 08901
40 Baldwin Street
$689,000
Multifamily - Off Market

40 Baldwin Street

New Brunswick, NJ 08901
bedrooms
Studio
bathrooms
0 Bath
$4,327
Estimated Monthly
1.84%
Cap Rate

About This Property

Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick.  Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent.  Unit 3 pays $1,345 per month rent.  With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment.   Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches.  The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants.  This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow.  This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$944
HOA Dues
-
Year Built
1920
Last updated: 2 months ago (CJMLS #2407496R)

Price History

Date / Event Date Event Price
Jan 25, 2024 Listed by KELLER WILLIAMS REALTY $689,000
Listed by KELLER WILLIAMS REALTY
Feb 17, 2004 Sold $425,000
Sold

Property Highlights

Parking Details
Parking Features: 4(+)Car Parking
Interior Details

Interior Information

Interior Features: Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)
Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)

Room Information

Rooms: 13

Basement Information

Basement: Full, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$700,000 Apr 23, 2024
$700,000 May 24, 2024
$944/mo
Multifamily
Stu
-
-
$561,000 Jan 30, 2023
$561,000 May 28, 2024
$765/mo
Multifamily
Stu
-
-
$700,000 Mar 8, 2019
$700,000 Jun 19, 2020
$1,153/mo
Multifamily
4 Beds
3 Baths
-
$650,000 Jan 25, 2024
$650,000 Apr 9, 2024
$606/mo
Multifamily
8 Beds
4 Baths
-
$640,000 May 21, 2021
$640,000 Sep 3, 2021
$809/mo
Multifamily
8 Beds
4 Baths
-
$640,000 May 21, 2021
$640,000 Sep 3, 2021
$893/mo
Multifamily
Stu
-
-
$659,999 Feb 28, 2024
-
$504/mo
Multifamily
Stu
-
-
$599,900 May 26, 2024
-
$552/mo
Multifamily
Stu
-
-
$699,000 Feb 6, 2024
-
$520/mo
Multifamily
Stu
-
-
$650,000 May 1, 2024
-
$532/mo
Multifamily
Stu
-
-
$800,000 Feb 6, 2024
-
$651/mo
In Contract
Multifamily
Stu
-
-
$589,000 Mar 12, 2024
-
$405/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230424
04/24/2023
Studio
-
-
$689,000
bedrooms
Studio
bathrooms
-
-
-
-
CHRISTIAN KAVANAUGH
KELLER WILLIAMS REALTY

Building Info

40 Baldwin Street 40 Baldwin Street, New Brunswick, NJ 08901
  • 1 Unit for Sale
More about this Building
40 Baldwin Street
Want to find out who owns 40 Baldwin Street, New Brunswick, NJ 08901? Get detailed property transactions here .

About New Brunswick


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