Multi-Family For Sale in:
Saint John, NB

Exceptional investment opportunity — a fully tenanted 6-unit residential apartment building delivering strong cash flow from day one. All six units are occupied with stable tenants, and several units remain below current market rents, offering a buyer immediate upside as tenancies turn over.

The Numbers: Gross Annual Income: $73,188 Annual Operating Expenses: $11,815 Net Operating Income: $61,373 | Cap Rate: 7.5%+

Unit Mix & Current Rents: 1 × Three-Bedroom — $1,400/month 2 × Two-Bedroom — $1,000 and $995/month 3 × One-Bedroom — $994 / $960 / $750/month

Why This Property Works: Tenants pay their own electric heat, keeping landlord carrying costs minimal. Operating expenses are lean — property taxes, insurance, water/sewer, and common electricity only. No complex systems to maintain.

Property Features: 3,886 sq ft building | 7,714 sq ft lot | Rear parking area | In-unit laundry hookups throughout | Washer/dryer appliances included in 3 units | 6 refrigerators and 6 stoves/ovens included | Municipal water and sewer | Zoned Urban Centre Residential