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$625,000

40 Throop Ave

New Brunswick, NJ
Active
5
Bedrooms
2
Bathrooms
2,594
Square Feet
0.05
Lot Size (acres)
1900
Year Built
61
Days On Market

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. Exclusive to this unit is a finished walk-up 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.

Listing Information

Listing Updated
26 days ago
Listed By
Matthew Tully, 7329721000 · RE/MAX Central, 7329721000
MLS#
22626798
Source
MOREMLS (Monmouth Ocean Regional REALTORS)
Status
Active

Facts & Features

Location

Community Information

Address
40 Throop Ave, New Brunswick, NJ 08901
City
New Brunswick
County
Middlesex
Neighborhood
None
Zip Code
08901

Architecture

Bedrooms
5
Bathrooms
2
Stories
3
Year Built
1900
Building Area
2,594 sq. ft.
Roof
Shingle
Garage Spaces
0
Parking Features
On Street, None

Features & Amenities

Appliances
Gas Water Heater
Exterior Features
Lighting
Cooling
Multi Units
Heating
Baseboard

Property Features

Lot Size
0.05 Acres
Lot Features
Level
Water
Public
Sewer
Public Sewer
Zoning
Multi-Family

Square Footage

Total
2,594 sq. ft.

Tax & Financial Information

List Price
$625,000
Annual Taxes
$8,725

Schools

100/100
Highland Park High School
High · Grades 09–12 · 1.4 mi
City
Highland Park
Students
497
Student body
41% White · 24% Hispanic / Latino · 22% Asian
Free/reduced lunch
33%
Phone
(732) 572-2400
76/100
Lincoln Elementary School
Elementary · Grades KG–05 · 1.1 mi
City
New Brunswick
Students
681
Parent reviews
5.0★ avg · 2 reviews
Student body
96% Hispanic / Latino · 2% Black · 1% Asian
Free/reduced lunch
59%
Phone
(732) 745-5300
76/100
North Brunswick Township Early Childhood Center
Grades PK–PK · 1.5 mi
City
North Brunswick
Students
106
Student–teacher
7.0
Student body
32% Hispanic / Latino · 28% Asian · 21% Black
Free/reduced lunch
38%
Phone
(732) 289-3600
63/100
New Brunswick Adult High School
High · Grades 09–12 · 0.6 mi
City
New Brunswick
Students
85
Student–teacher
14.1
Student body
95% Hispanic / Latino · 5% Black
Free/reduced lunch
91%
Phone
(732) 745-5300
61/100
Highland Park Middle School
Middle · Grades 06–08 · 1.4 mi
City
Highland Park
Students
346
Parent reviews
3.0★ avg · 2 reviews
Student body
38% White · 22% Asian · 21% Hispanic / Latino
Free/reduced lunch
37%
Phone
(732) 572-2400
57/100
Bartle Elementary School
Elementary · Grades 02–05 · 1.2 mi
City
Highland Park
Students
463
Student body
35% White · 26% Asian · 21% Hispanic / Latino
Free/reduced lunch
40%
Phone
(732) 572-4100
55/100
A Chester Redshaw School
Elementary · Grades PK–05 · 0.4 mi
City
New Brunswick
Students
784
Student body
94% Hispanic / Latino · 5% Black · 1% White
Free/reduced lunch
73%
Phone
(732) 745-5300
55/100
Irving Primary School
Elementary · Grades PK–01 · 1.7 mi
City
Highland Park
Students
298
Student body
37% White · 26% Asian · 23% Hispanic / Latino
Free/reduced lunch
35%
Phone
(732) 572-1205

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
08/26/2026Listed for sale$625,000

Listed by Matthew Tully · RE/MAX Central · 7329721000

The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.

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