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45 Quentin Ave 20 Unit Apartment Building $3,940,125 CAD ($197,006 CAD/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 | $3,940,125 CAD | Building Class | C |
| Price Per Unit | $197,006 CAD | 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 | $3,940,125 CAD |
| Price Per Unit | $197,006 CAD |
| 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 | $2,054,983 CAD |
| Land Assessment | $302,183 CAD | Total Assessment | $2,357,166 CAD |
PROPERTY TAXES
Parcel Number
13-00509-0000-00009-01
Land Assessment
$302,183 CAD
Improvements Assessment
$2,054,983 CAD
Total Assessment
$2,357,166 CAD
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45 Quentin Ave
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