Welcome to this fantastic 2-family home in the heart of New Brunswick! This property offers a unique opportunity for investors or buyers looking to own and rent simultaneously. The first-floor unit features 2 bedrooms and 1 bath, with a lease in place until July 2025, ensuring steady rental income. The second-floor unit, also a 2-bedroom 1-bath, is on a month-to-month lease, providing flexibility for future occupancy or rental adjustments. A rare find in this area, the property boasts off-street parking, adding significant convenience and value. Additionally, the home includes a partial basement with a separate entrance, perfect for additional storage or potential use. Utilities are conveniently separated, simplifying management and billing. Situated in a prime location, this home is close to major highways, the train station, and a variety of shopping options, making it an ideal choice for commuters and local residents alike. Don't miss out on this amazing investment opportunity!
Sold for $542,000
$542,000
16 Central Ave, New Brunswick, NJ 08901
4beds
2baths
1,680sqft
Multi Family
Built in 1872
-- sqft lot
$681,500 Zestimate®
$323/sqft
$3,621 Estimated rent
Home value
$681,500
$620,000 - $750,000
$3,621/mo
Zestimate® history
Owner options
List your home for rent
$3,621/mo
Rent Zestimate®
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$3,621/mo
Rent Zestimate®
Refinance and save
$3,771/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,771/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
OFIR HILLEL,
ORANGE KEY REALTY, INC. 732-297-6969,
MICHAEL MATTHEWS,
ORANGE KEY REALTY, INC.
Source: All Jersey MLS,MLS#: 2413457R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- A/C Central - All
Appliances
- Included: Water Heater(Gas), Water Heater
Features
- Unit 1(2 Bedrooms, 1 Bath), Unit 2(2 Bedrooms, 1 Bath)
- Basement: Partial, Storage Space
Interior area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
Property
Accessibility
- Accessibility features: Unit 1 Accessibility Features, Unit 2 Accessibility Features
Features
- Stories: 2
Lot
- Size: 5,218 Square Feet
- Dimensions: 141.00 x 0.00
- Features: Near Train
Details
- Parcel number: 1300057000000029
- Zoning: R-5A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1872
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Location
- Region: New Brunswick
Financial & listing details
- Price per square foot: $323/sqft
- Tax assessed value: $325,500
- Annual tax amount: $8,102
- Date on market: 6/17/2024
- Ownership: Fee Simple
- Lease term: Unit 2(Month-Month)
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2024 | Sold | $542,000-1.4%$323/sqft |
Source:  All Jersey MLS #2413457R Report a problem | ||
| 11/22/2024 | Contingent | $549,900$327/sqft |
Source: All Jersey MLS #2413457R Report a problem | ||
| 6/17/2024 | Listed for sale | $549,900+83.3%$327/sqft |
Source: All Jersey MLS #2413457R Report a problem | ||
| 8/12/2015 | Sold | $300,000-7.7%$179/sqft |
Source: Public Record Report a problem | ||
| 4/14/2008 | Sold | $325,000$193/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,525 | $325,500 |
| 2024 | $8,525 +3% | $325,500 |
| 2023 | $8,277 +2.2% | $325,500 |
| 2022 | $8,102 +0.4% | $325,500 |
| 2021 | $8,069 +34.8% | $325,500 |
| 2020 | $5,985 -22.3% | $325,500 |
| 2019 | $7,708 | $325,500 |
| 2018 | $7,708 +19.5% | $325,500 -11.3% |
| 2017 | $6,453 +2.4% | $366,800 +233.5% |
| 2016 | $6,299 +1.8% | $110,000 |
| 2015 | $6,186 -17.6% | $110,000 |
| 2014 | $7,509 +4.6% | $110,000 -18.3% |
| 2012 | $7,178 +3.3% | $134,600 |
| 2011 | $6,948 +2.7% | $134,600 |
| 2010 | $6,766 +2.9% | $134,600 |
| 2009 | $6,574 | $134,600 |
| 2008 | -- | $134,600 -0.2% |
| 2007 | -- | $134,900 |
| 2006 | -- | $134,900 |
| 2005 | -- | $134,900 |
| 2004 | $5,356 | $134,900 |
| 2003 | -- | $134,900 |
Find assessor info on the county website
Neighborhood: 08901
Nearby homes
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- $515,3004 bd2 ba1.5k sqft12 Central Ave, New Brunswick, NJ 08901Off Market
- $520,0005 bd3 ba-- sqft26 Central Ave, New Brunswick, NJ 08901Sold
Nearby schools
GreatSchools rating
- 4/10Lincoln Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Blanquita B. Valenti Community SchoolGrades: K-8Distance: 0.6 mi
- 2/10New Brunswick High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$681,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$681,500
- New Jersey
- Middlesex County
- New Brunswick
- 08901
- 16 Central Ave
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