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.
For sale
$650,000
40 Throop Ave, New Brunswick, NJ 08901
5beds
2baths
2,594sqft
Multi Family
Built in 1900
-- sqft lot
$643,900 Zestimate®
$251/sqft
$-- HOA
What's special
Gas rangeFull finished atticWell-appointed kitchenFormal dining roomFully fenced backyardBeautiful hardwood flooring throughout
- 3 days
- 120
- 4
Zillow last checked:
Listing updated:
Listed by:
MATTHEW TULLY 908-692-9227,
RE/MAX CENTRAL
Source: All Jersey MLS,MLS#: 2703446R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
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)
Appliances
- Included: Water Heater(See Remarks), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer)
Features
- 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
- Basement: Full, Storage Space, Utility Room
Interior area
- Total structure area: 2,594
- Total interior livable area: 2,594 sqft
Property
Parking
- Parking features: On Street
Features
- Stories: 3
- Exterior features: Curbs, Sidewalk, Fencing/Wall, Yard
- Fencing: Fencing/Wall
Lot
- Size: 2,500 Square Feet
- Dimensions: 100.00 x 25.00
- Features: Level
Details
- Parcel number: 1300152000000025
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: New Brunswick
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $324,600
- Annual tax amount: $8,725
- Date on market: 8/26/2026
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
$643,900
$612,000 - $676,000
$2,710/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Listed for sale | $650,000+140.7%$251/sqft |
Source: | ||
| 6/2/2018 | Listing removed | $270,000$104/sqft |
Source: ORANGE KEY REALTY, INC. #1818587 Report a problem | ||
| 6/1/2018 | Listed for sale | $270,000$104/sqft |
Source: ORANGE KEY REALTY, INC. #1818587 Report a problem | ||
| 4/18/2018 | Pending sale | $270,000$104/sqft |
Source: ORANGE KEY REALTY, INC. #1818587 Report a problem | ||
| 4/17/2018 | Listed for sale | $270,000$104/sqft |
Source: ORANGE KEY REALTY, INC. #1818587 Report a problem | ||
| 3/14/2018 | Listing removed | $270,000$104/sqft |
Source: ORANGE KEY REALTY, INC. #1818587 Report a problem | ||
| 10/27/2017 | Listed for sale | $270,000+210.3%$104/sqft |
Source: ORANGE KEY REALTY, INC. #1806515 Report a problem | ||
| 9/12/1994 | Sold | $87,000$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,501 | $324,600 |
| 2024 | $8,501 +3% | $324,600 |
| 2023 | $8,255 +2.2% | $324,600 |
| 2022 | $8,079 +0.4% | $324,600 |
| 2021 | $8,047 +34.8% | $324,600 |
| 2020 | $5,969 -22.4% | $324,600 |
| 2019 | $7,687 | $324,600 |
| 2018 | $7,687 +23.9% | $324,600 |
| 2017 | $6,206 +2.4% | $324,600 +206.8% |
| 2016 | $6,058 +1.8% | $105,800 |
| 2015 | $5,950 +0.8% | $105,800 |
| 2014 | $5,903 +4.6% | $105,800 |
| 2012 | $5,642 +3.3% | $105,800 |
| 2011 | $5,461 +2.7% | $105,800 |
| 2010 | $5,319 +17.1% | $105,800 +13.8% |
| 2009 | $4,542 | $93,000 |
| 2008 | -- | $93,000 |
| 2007 | -- | $93,000 |
| 2006 | -- | $93,000 |
| 2005 | -- | $93,000 |
| 2004 | $3,692 | $93,000 |
| 2003 | -- | $93,000 |
| 2002 | -- | $93,000 |
| 2001 | -- | $93,000 |
Find assessor info on the county website
Monthly payment
Est. payment





