This two unit rental is an incredible investment opportunity located in close proximity to Cook Campus on Rutgers University. Multi-family home boasts a total of 6 bedrooms, with 3 bedrooms and 1 bath in each of the two units. Current leases on both units run from June 2024-May 2025. Home has be fully rented the past 20 years. 1st floor unit is legal for 4 occupants and rents for $2,500 per month. The second floor unit is legal for 3 occupants and rents for $2,345 per month. Tenants pay all utilities. Attic is legal for recreation and storage space. Full basement includes laundry. Ample parking on property. This is an AS IS sale.
Sold for $591,000
$591,000
51 Jones Ave, New Brunswick, NJ 08901
6beds
6baths
1,810sqft
Multi Family
Built in 1900
-- sqft lot
$691,600 Zestimate®
$327/sqft
$2,863 Estimated rent
Home value
$691,600
$629,000 - $761,000
$2,863/mo
Zestimate® history
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$4,062/mo
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Zillow last checked:
Listing updated:
Listed by:
JOHN YABLONSKI,
OBRIEN REALTY LLC 732-229-3532
Source: All Jersey MLS,MLS#: 2506056R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Radiators-Hot Water
Cooling
- A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit)
Appliances
- Included: Water Heater(Gas), Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Features
- Unit 1(3 Bedrooms, Kitchen, 1 Bath, 1 1/2 Baths, 2+ Baths), Unit 2(3 Bedrooms, Kitchen, 1 Bath)
- Basement: Full, None, Storage Space, Tenant Use
Interior area
- Total structure area: 1,810
- Total interior livable area: 1,810 sqft
Property
Features
- Stories: 2
Lot
- Size: 5,000 Square Feet
- Dimensions: 100.00 x 50.00
- Features: Near Shopping, Near Train
Details
- Parcel number: 1300173000000005
- Zoning: R-5A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: New Brunswick
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $457,900
- Annual tax amount: $11,644
- Date on market: 11/8/2024
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2025 | Sold | $591,000+1.9%$327/sqft |
Source:  All Jersey MLS #2506056R Report a problem | ||
| 12/5/2024 | Contingent | $580,000$320/sqft |
Source: All Jersey MLS #2506056R Report a problem | ||
| 11/8/2024 | Listed for sale | $580,000$320/sqft |
Source: All Jersey MLS #2506056R Report a problem | ||
| 7/28/2024 | Listing removed | $580,000$320/sqft |
Source: All Jersey MLS #2413325R Report a problem | ||
| 7/27/2024 | Contingent | $580,000$320/sqft |
Source: All Jersey MLS #2413325R Report a problem | ||
| 6/14/2024 | Listed for sale | $580,000+70.6%$320/sqft |
Source: All Jersey MLS #2413325R Report a problem | ||
| 8/14/2003 | Sold | $340,000+142.9%$188/sqft |
Source: Public Record Report a problem | ||
| 7/6/1995 | Sold | $140,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,992 | $457,900 |
| 2024 | $11,992 +3% | $457,900 |
| 2023 | $11,644 +2.2% | $457,900 |
| 2022 | $11,397 +0.4% | $457,900 |
| 2021 | $11,351 +34.8% | $457,900 |
| 2020 | $8,420 -22.4% | $457,900 |
| 2019 | $10,843 | $457,900 |
| 2018 | $10,843 +35.9% | $457,900 |
| 2017 | $7,978 +2.4% | $457,900 +236.7% |
| 2016 | $7,787 +1.8% | $136,000 |
| 2015 | $7,649 +0.8% | $136,000 |
| 2014 | $7,587 +4.6% | $136,000 |
| 2012 | $7,253 +3.3% | $136,000 |
| 2011 | $7,020 +2.7% | $136,000 |
| 2010 | $6,837 +2.9% | $136,000 |
| 2009 | $6,642 | $136,000 |
| 2008 | -- | $136,000 |
| 2007 | -- | $136,000 +13.2% |
| 2006 | -- | $120,100 |
| 2005 | -- | $120,100 |
| 2004 | $4,768 | $120,100 |
| 2003 | -- | $120,100 |
| 2002 | -- | $120,100 |
| 2001 | -- | $120,100 |
Find assessor info on the county website
Neighborhood: Feaster Park
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Lord Stirling Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10New Brunswick Middle SchoolGrades: 6-8Distance: 1.6 mi
- 2/10New Brunswick High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$691,600
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
$691,600
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