For sale

$659,000

40 Richter Ave, Milltown, NJ 08850

4beds

2baths

2,108sqft

$5,149/mo

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Multi Family

Built in 1916

-- sqft lot

$655,100 Zestimate^®

$313/sqft

$-- HOA

What's special

Updated kitchenSeparate living spaces

Rare opportunity in the heart of Milltown! 2-family homes simply don't come up often in this town! This classic two-family sits in a quiet residential pocket of Milltown. Ideal for an owner-occupant who wants to live in one unit and offset the mortgage with the other, or for an investor seeking solid rental income in a stable, walkable area with strong local rental demand. The upstairs apartment features 2 beds, 1 bath and a huge bonus attic loft space - the entire apartment has been completely renovated with an updated kitchen and bath and fresh lighting and paint throughout. Downstairs features a spacious apartment as well with 2 bedrooms 1 bath and a bonus sun room in the rear. The unit will be delivered vacant prior to closing. Separate living spaces, convenient location near schools, shopping, and major routes, plus the scarcity of two-families in this town make this a standout.

6 days
661
67

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Baseboard, Radiant, Central

Cooling

Ceiling Fan(s), A/C Wall Unit(s), A/C Window Unit(s)

Appliances

Included: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)

Features

Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room)
Basement: Full, Storage Space, Laundry Facilities

Interior area

Total structure area: 2,108
Total interior livable area: 2,108 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Attached, Detached
Has attached garage: Yes

Features

Stories: 2
Patio & porch: Patio, Porch(es) - Open, Porch
Exterior features: Patio, Porch(es) - Open, Porch

Lot

Size: 4,874 Square Feet
Dimensions: 125.00 x 35.00
Features: Near Shopping

Details

Parcel number: 1100050000000004
Zoning: R-4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1916

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Location

Region: Milltown

Financial & listing details

Price per square foot: $313/sqft
Tax assessed value: $163,200
Annual tax amount: $11,344
Date on market: 8/25/2026
Ownership: Fee Simple
Lease term: Unit 1(Month-Month)

Estimated market value

$655,100

$622,000 - $688,000

$3,636/mo

Price history

Date	Event	Price
8/25/2026	Listed for sale	$659,000+51.5%$313/sqft
Source: All Jersey MLS #2703334R Report a problem
2/2/2026	Sold	$435,000+27.9%$206/sqft
Source: Public Record Report a problem
9/3/2019	Sold	$340,000$161/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,023	$163,200
2024	$11,023 +1.9%	$163,200
2023	$10,822 +0.5%	$163,200
2022	$10,773 +2.1%	$163,200
2021	$10,549 +2.5%	$163,200
2020	$10,295 +13.7%	$163,200
2019	$9,057 +1.6%	$163,200
2018	$8,916 +5.9%	$163,200
2017	$8,416 +2.2%	$163,200
2016	$8,235 +3.8%	$163,200
2015	$7,936 +3.1%	$163,200
2014	$7,699 +3.7%	$163,200
2013	$7,424 +2.4%	$163,200
2012	$7,251 +2.8%	$163,200
2011	$7,055 +5.2%	$163,200
2010	$6,709 +5.7%	$163,200
2009	$6,348	$163,200
2008	--	$163,200
2007	--	$163,200
2006	--	$163,200
2005	--	$163,200
2004	$5,282	$163,200
2003	--	$163,200
2002	--	$163,200
2001	--	$163,200