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48 Sicard St 15 Unit Apartment Building $6,000,000 ($400,000/Unit) New Brunswick, NJ 08901
Investment Highlights
- Stable Demand Driver – 50,000+ students enrolled annually at Rutgers
- On-Site Parking – Rare amenity in New Brunswick’s student housing market
- Strong Upside – High rent growth potential in undersupplied off-campus housing
Executive Summary
48 Sicard Street is a 15-unit multifamily asset in the core of Rutgers University – New Brunswick. Offered at $6,000,000, the property delivers immediate access to one of the strongest and most reliable rental markets in New Jersey.
Built in 2018, the three-story building totals 11,856 SF on a 4,099 SF lot and features a mix of one- and two-bedroom apartments with shared kitchens and living areas — a layout built for student and young professional demand. On-site parking further strengthens the appeal in a submarket where it is limited.
With 50,000+ students enrolled annually and a persistent shortage of walkable housing, occupancy at this location is both stable and scalable. Modern construction reduces near-term capex exposure, and the property’s positioning inside the Rutgers ecosystem ensures long-term rent growth and appreciation.
Financials, rent roll, and NOI available upon request.
Built in 2018, the three-story building totals 11,856 SF on a 4,099 SF lot and features a mix of one- and two-bedroom apartments with shared kitchens and living areas — a layout built for student and young professional demand. On-site parking further strengthens the appeal in a submarket where it is limited.
With 50,000+ students enrolled annually and a persistent shortage of walkable housing, occupancy at this location is both stable and scalable. Modern construction reduces near-term capex exposure, and the property’s positioning inside the Rutgers ecosystem ensures long-term rent growth and appreciation.
Financials, rent roll, and NOI available upon request.
Property Facts
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Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 13-00083-0000-00001-02 | Improvements Assessment | $2,984,000 |
| Land Assessment | $516,000 | Total Assessment | $3,500,000 |
Property Taxes
Parcel Number
13-00083-0000-00001-02
Land Assessment
$516,000
Improvements Assessment
$2,984,000
Total Assessment
$3,500,000
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48 Sicard St
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