259 Hale St
New Brunswick City, NJ 08901
Price: $399,000
GSMLS: 4006113Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 4
Baths: 2 Full
Garage: No
Year Built: 1920
Acres: 0.06
Property Tax: $5,274
Description
Investor Opportunity: Approved plans in place to rebuild a two-family property with 2 bedrooms and 1 full bathroom per unit (4 beds / 2 baths total), featuring a full walkout basement and attic storage. The home sits on the existing foundation with partial first-floor framing completed, reducing construction costs and increasing equity potential on the after-repair value. Located in a high-demand rental area near Robert Wood Johnson University Hospital, Rutgers University, transportation, and shopping, this is an ideal project for investors seeking strong rental demand, appreciation, and upside through a buy-and-hold or resale strategy. Approved plans in place with cost savings from the existing structure, a prime rental location, and strong upside, making this a turnkey rebuild ideal for buy-and-hold or resale with margin built in.
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Full, Walkout
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
025X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
Attic, Storage
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Central Air
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Middlesex
Town:
New Brunswick City
Neighborhood:
n/a
Financial Considerations
List Price:
$399,000
Tax Amount:
$5,274
Land Assessment:
$62,500
Build. Assessment:
$19,800
Total Assessment:
$82,300
Tax Rate:
2.62
Tax Year:
2024
Listing Information
MLS ID:
4006113
List Date:
01-20-2026
Days On Market:
1
Listing Broker:
KELLER WILLIAMS CITY VIEWS REALTY
Listing Agent:
Jonathan Jimenez Cardona
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
