40 Throop Avenue
New Brunswick, NJ, 08901 $ 650,000
Baths2.0 Sq 2,594 Monthly Estimate*
$ 4,104
Studio for $650,000 with 2 full baths. This 2,594 square foot home was built in 1900.
Showing starts on 8/26/26. 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. Unique to this unit is a full finished 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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FeaturesGeneralLiving Area 2594
Sewer Public Sewer
Heating Baseboard Electric Radiant Central
Cooling A/C Wall Unit(s) A/C Window Unit(s) Unit 1(A/C Unit) Unit 2(A/C Unit)
Utilities Electricity Connected Natural Gas Connected
Roof Asphalt
Year Built 1900
Stories Count 3
Property Subtype 2 Family
Tax Year 2025
County Middlesex
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active
City New Brunswick
Lot Size Square Feet 0
Tax Annual Amount 8725
Living Area Units Square Feet
Standard Status Active
Appliances Water Heater(See Remarks) Water Heater Unit 1(Dryer Range/Oven Refrigerator Washer) Unit 2(Dryer Range/Oven Refrigerator Washer)
Gas Y/N Natural Gas
Garage Spaces 0
Ownership Fee Simple
Garage Y/N false
Total Rooms 11
Carport Spaces 0
Carport Y/N false
Community Features Curbs Sidewalks
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InteriorInterior Amenities Unit 1(Dining Room 2 Bedrooms Kitchen 1 Bath Living Room) Unit 2(Dining Room 3 Bedrooms Kitchen 1 Bath Living Room)
Flooring Unit 2 Carpet
Total Stories 3
Heating Y/N true
Half Baths 0
Total Baths 2
Basement Full Storage Space Utility Room
Total Bedrooms 0
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ExteriorParking Features On Street
Lot Features Level
Water Source Public
Building Area Total 2594
Lot Dimensions 100.00 x 25.00
Covered Spaces 0
Exterior Amenities Curbs Sidewalk Fencing/Wall Yard
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Fencing Fencing/Wall
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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.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/27/2026 | $650,000 | | Listed Price |