40 Throop Avenue
New Brunswick, NJ, 08901 $ 650,000
Bedrooms5 Baths0.0 Sq 2,594 Monthly Estimate*
$ 4,104
for $650,000 with 5 bedrooms. This 2,594 square foot home was built in 1900 on a lot size of 0.05.
Exceptional opportunity to own a well-maintained two-family home in the heart of New Brunswick, offering the perfect blend of owner-occupancy and investment potential. Whether you're looking to live in one unit while generating rental income from the other or add a strong asset to your investment portfolio, this versatile property delivers outstanding value in one of Central New Jersey's most sought-after rental markets. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, complemented by beautiful hardwood flooring throughout. A bright and inviting living room flows into a formal dining room, while the well-appointed kitchen comes complete with a refrigerator, gas range, dishwasher, washer, and dryer, providing everything needed for comfortable everyday living. The second-floor unit offers 3 generously sized bedrooms and 1 full bathroom, also showcasing hardwood flooring throughout. The spacious living room and dining area provide an inviting layout, while the kitchen is equipped with a refrigerator, gas range, dishwasher, washer, and dryer. Exclusive to this unit is a finished walk-up attic, adding substantial additional living space. This versatile bonus level is ideal for additional bedrooms (buyer to verify permitted use), a home office, media room, fitness area, playroom, hobby space, guest quarters, or abundant storage, creating endless possibilities to suit your lifestyle. The full basement is accessible from the rear stairwell serving both units and provides ample storage space along with convenient access to utilities. Outside, the fully fenced backyard offers plenty of room for outdoor entertaining, gardening, pets, or simply relaxing. Perfectly positioned just minutes from Robert Wood Johnson University Hospital, Saint Peter's University Hospital, Rutgers University, and the vibrant downtown New Brunswick district, you'll enjoy easy access to acclaimed restaurants, entertainment, shopping, and cultural attractions. Commuters will appreciate being just moments from the New Brunswick Train Station, offering both NJ Transit and Amtrak service for convenient travel throughout New Jersey, New York City, Philadelphia, and beyond. Whether you're an investor seeking strong rental demand or a homeowner looking to offset your mortgage with rental income, 40 Throop Avenue presents an exceptional opportunity to own a versatile multi-family property in a prime New Brunswick location.
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FeaturesInteriorInterior Amenities Attic - Walk Up
Basement Full
Total Fireplaces 0
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 5
Total Baths 2
Heating-Baseboard True
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GeneralSewer Public Sewer
Heating Baseboard
Cooling Multi Units
Roof Shingle
Garage Spaces 0.0
Year Built 1900
Tenant Pays Water Sewer Gas Electricity
Stories Count 3
Property Subtype Duplex
Tax Year 2025
County Middlesex
Insurance Expense 2699.0
New Construction N
Property Type Multi-Family
Attached Garage N
Subdivision Name None
Garage Y/N N
Full Baths 2
Status Active
Directions 40 Throop Ave
City New Brunswick
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area None
Lot Size Units Acres
Lot Size Square Feet 2178.0
Carport Y/N N
Tax Annual Amount 8725.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor New Brunswick (NWB)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
TaxOtherAnnualAssessmentAmount 324600.0
Senior Community None
Water Body Access Y/N None
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ExteriorExterior Amenities Lighting
Fencing Fence
Parking Features On Street None
Lot Features Level
Water Source Public
Lot Size Area 0.05
Spa N
Building Area Total 2594.0
Lot Dimensions 25 x 100
Lot Size Acres 0.05
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByMatthew TullyListing Agent
matthewtully@thetullygroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,104
- Monthly Property Taxes
- $727
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in New Brunswick, NJ
Average List Price $644,989
Percent of Sale Price 1%
About New Brunswick, NJ 58,149 Population
20% Since 2002
$ 43,104 Median Income
26.18 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
742343 Elementary School
742618 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $650,000 | | Listed Price |