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Sold for $700,000
  • $700,000

    40 Baldwin St, New Brunswick, NJ 08901

    7beds
    3baths
    --sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $879,000 Zestimate®
    $--/sqft
    $2,490 Estimated rent

    Home value

    $879,000

    $791,000 - $976,000

    $2,490/mo

    Zestimate® history
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    $4,805/mo

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    $4,805/mo

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    What's special

    Train stationSpacious unitsLarge private driveway
    Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!

    Zillow last checked:

    Listing updated:

    Listed by:

    CHRISTIAN KAVANAUGH,

    KELLER WILLIAMS REALTY 908-233-8502

    Source: All Jersey MLS,MLS#: 2410942RMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    Heating
    • Radiators-Hot Water
    Cooling
    • A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit)
    Appliances
    • Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)
    Features
    • Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)
    • Windows: Blinds
    • Basement: Full, Bath Half, Storage Space, Tenant Use, Utility Room, Laundry Facilities
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: 4(+)Car Parking
    Features
    • Stories: 3
    • Patio & porch: Porch(es) - Open, Porch
    • Exterior features: Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common
    • Fencing: Fencing/Wall
    Lot
    • Size: 5,009 sqft
    • Features: Near Train, Corner Lot, Level
    Details
    • Parcel number: 1300194000000025
    • Zoning: R-5A

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1920

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: New Brunswick

    Other

    Other facts
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    5/24/2024Sold$700,000+1.6%
    Source: All Jersey MLS #2410942R Report a problem
    5/4/2024Contingent$689,000
    Source: All Jersey MLS #2410942R Report a problem
    4/23/2024Listed for sale$689,000
    Source: All Jersey MLS #2410942R Report a problem
    4/22/2024Listing removed--
    Source: All Jersey MLS #2407496R Report a problem
    2/23/2024Contingent$689,000
    Source: All Jersey MLS #2407496R Report a problem
    1/25/2024Listed for sale$689,000
    Source: All Jersey MLS #2407496R Report a problem
    1/25/2024Listing removed--
    Source: All Jersey MLS #2404120R Report a problem
    11/13/2023Contingent$689,000
    Source: All Jersey MLS #2404120R Report a problem
    10/6/2023Listed for sale$689,000
    Source: All Jersey MLS #2404120R Report a problem
    10/6/2023Listing removed--
    Source: All Jersey MLS #2401158R Report a problem
    9/27/2023Contingent$689,000
    Source: All Jersey MLS #2401158R Report a problem
    9/10/2023Pending sale$689,000
    Source: All Jersey MLS #2401158R Report a problem
    7/28/2023Listed for sale$689,000
    Source: All Jersey MLS #2401158R Report a problem
    7/27/2023Listing removed--
    Source: All Jersey MLS #2310917R Report a problem
    7/25/2023Listing removed--
    Source: All Jersey MLS #2310917R Report a problem
    6/6/2023Contingent$689,000
    Source: All Jersey MLS #2310917R Report a problem
    4/24/2023Listed for sale$689,000+62.1%
    Source: All Jersey MLS #2310917R Report a problem
    8/23/2017Listing removed$1,300
    Source: Weichert Realtors Report a problem
    5/21/2017Listed for rent$1,300
    Source: Weichert Realtors Report a problem
    2/17/2004Sold$425,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,014 +9.2%$496,900 +9.2%
    2024$11,916 +3%$455,000
    2023$11,571 +2.2%$455,000
    2022$11,325 +0.4%$455,000
    2021$11,279 +34.8%$455,000
    2020$8,366 -22.4%$455,000
    2019$10,774 $455,000
    2018$10,774 +17.4%$455,000
    2017$9,174 +2.4%$455,000 +190.9%
    2016$8,955 +1.8%$156,400
    2015$8,796 +0.8%$156,400
    2014$8,726 +4.6%$156,400
    2012$8,341 +3.3%$156,400
    2011$8,073 +2.7%$156,400
    2010$7,862 +2.9%$156,400
    2009$7,639 $156,400
    2008-- $156,400
    2007-- $156,400
    2006-- $156,400
    2005-- $156,400
    2004$5,884 $156,400
    2003-- $156,400 +5.5%
    2002-- $148,200
    2001-- $148,200

    Find assessor info on the county website

    Neighborhood: Feaster Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $879,000
    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
    $879,000