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45 Quentin Ave 20 Unit Apartment Building $2,850,000 ($142,500/Unit) New Brunswick, NJ 08901
INVESTMENT HIGHLIGHTS
- Prime location near Rutgers; close proximity to NJ Transit
- Strong rental market
- Surface parking on-site
- Value-add opportunity
- Efficient layouts
EXECUTIVE SUMMARY
45 Quentin Ave offers investors a rare, value-add multifamily opportunity in the heart of New Brunswick. This 20 unit property with 7 studios and 13 one bedroom apartments is currently under-rented relative to local comps. Its proximity to Rutgers University, medical centers and transit corridors supports strong demand. With modest capex (unit refresh, upgraded finishes, or operational improvements), annual rental income can be significantly increased, driving strong net operating income growth in a market where multifamily remains highly desirable.
PROPERTY FACTS
| Price | $2,850,000 | Building Class | C |
| Price Per Unit | $142,500 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 14,000 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R5 | ||
| Price | $2,850,000 |
| Price Per Unit | $142,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 14,000 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | 450 |
| 1+1 | 13 | - | 700 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 13-00509-0000-00009-01 | Improvements Assessment | $1,465,500 |
| Land Assessment | $215,500 | Total Assessment | $1,681,000 |
PROPERTY TAXES
Parcel Number
13-00509-0000-00009-01
Land Assessment
$215,500
Improvements Assessment
$1,465,500
Total Assessment
$1,681,000
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45 Quentin Ave
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