40 Throop Avenue, New Brunswick, NJ 08901 (MLS# 22626798)

40 Throop Avenue, New Brunswick, NJ 08901

$650,000
Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 2,594 Lot Size (sq. ft.): 2,178 Status: Active
Current Price: $650,000 List Date: 8/26/2026 Last Modified: 8/26/2026

Description

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.

Suppliments: 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.

More Information MLS# 22626798

Contract Info

Status: Active List Date: 2026-08-26 List Price: $650,000 Current Price: $650,000 List Price/SqFt: 250.58 Property Sub-Type: Duplex

Location

House Number: 40 Street Name: Throop Street Suffix: Avenue County: Middlesex Municipality: New Brunswick (NWB) Postal City: New Brunswick State: NJ Zip Code: 08901 Area/Section: None Complex/Subdivision: None Directions: 40 Throop Ave

General Property Info

# Units in Bldg: 2 Bedrooms: 5 Full Baths: 2 Total Baths: 2 # Levels: 3 Apx SqFt: 2594 Apx Year Built: 1900 # Acres: 0.05 Lot Dimensions: 25 x 100 Garage: No Pool: No Waterfront: No Waterview: No

Tax and Legal

Asmnt - Total: 324600 Deed Restricted: No Taxes: 8725 Tax Year: 2025

Unit 1

# Bedrooms: 3 Bedroom Level: 2 # Full Baths: 1 # Rooms: 7 Kitchen Level: 2 Living Room Level: 2 Other Room Desc: Dining Room Other Level: 3 Rent: 1785

Unit 2

# Bedrooms: 2 Bedroom Level: 1 # Full Baths: 1 Kitchen Level: 1 Living Room Level: 1 Other Room Desc: Dining Room Rent: 1395

Property Features

Unit 1: AC Unit; Dishwasher; Dryer; Gas Stove; Refrigerator; Washer Unit 2: Dishwasher; Dryer; Gas Stove; Refrigerator; Washer Interior: Attic - Walk Up Basement: Full Cooling: Multi Units Heating: Baseboard; Electric Water Heater: Natural Gas Exterior: Fence; Lighting Siding: Vinyl Roof: Shingle Garage: None Parking: On Street Zoning: Multi-Family Lot Description: Level Assessment Status: Assessed Tenant Pays: Electricity; Gas; Sewer; Water Showing: Showing Time

Supplements

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 Office: RE/MAX Central
Listing Agent: Matthew Tully
Last Updated: August - 26 - 2026
40 Throop Avenue, New Brunswick, NJ 08901- MLS# 22626798
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.