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48 Sicard St 15 Unit Apartment Building $8,375,520 CAD ($558,368 CAD/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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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 13-00083-0000-00001-02 | Improvements Assessment | $4,204,784 CAD |
| Land Assessment | $727,101 CAD | Total Assessment | $4,931,885 CAD |
PROPERTY TAXES
Parcel Number
13-00083-0000-00001-02
Land Assessment
$727,101 CAD
Improvements Assessment
$4,204,784 CAD
Total Assessment
$4,931,885 CAD
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48 Sicard St
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