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$659,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 40 Richter Ave
General
- Price: $659,000
- Taxes: $11,344 (2025)
- Status: Active
- Type: Duplex
- Source: Middlesex
- MLS ID: 2703334R
- Updated: 8/26/2026
- Added to Site: 2 day(s) ago
Rental Information
- Lease/Rent Term: Unit 1(Month-Month)
Interior
- Interior 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)
- Appliances: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Rooms
Bathrooms
- Total Bathrooms: 2
Other Rooms
- Living Room: 2,108 Sq. Ft.
Exterior
- Exterior Features: Patio, Porch(es) - Open, Porch
- Deck/Patio: Patio, Porch(es) - Open, Porch
Parking
- Garage: Yes
- Parking Features: Attached, Detached
- Parking: Attached, Detached
Location
- County: Middlesex
Heating & Cooling
- Cooling Type: Ceiling Fan(s), A/C Wall Unit(s), A/C Window Unit(s)
- Heating Type: Baseboard, Radiant, Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Basement Desc.: Full, Storage Space, Laundry Facilities
- Stories/Levels: 2
- Square Feet: 2,108
- Year Built: 1916
Lot Features
- Lot Size (Acres): 0.1119
- Lot Size (Sq. Ft.): 4,874
- Lot Dimensions: 125.00 x 35.00
- Lot Features: Near Shopping
- Zoning: R-4
- Lot Description: Near Shopping
Financial Considerations
- Tax Amount: $11,344
- Tax Year: 2025
- Terms: Unit 1(Month-Month)
Disclosures and Reports
- Property ID: 1100050000000004
Listed by Tverdov Housing
Get Pre-Approved Today
Schools
Schools serving 40 Richter Ave
School District:Milltown Borough School District
| Name | Grades | Distance |
|---|---|---|
Joyce Kilmer Elementary School, Milltown, NJ 21 West Church Street, Milltown, NJ 08850 | 5-8 | 0.1 mi |
Parkview Elementary School, Milltown, NJ 80 Violet Terrace, Milltown, NJ 08850 | PK-4 | 0.7 mi |
Spotswood High School 105 Summerhill Road, Spotswood, NJ 08884 | 9-12 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Richter Ave
Date
Details
Price
Change
Source
8/24/2026
Listed
$659,000
51.49%
MLS
1/29/2026
Sold
$435,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40 Richter Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,344
3%
$163,200
—
2024
$11,023
2%
$163,200
—
2022
$10,773
2%
$163,200
—
2021
$10,549
9%
$163,200
—
2019
$9,643
6%
$163,200
—
2018
$9,057
4%
$163,200
—
2017
$8,736
1%
$163,200
—
2016
$8,666
5%
$163,200
—
2015
$8,235
4%
$163,200
—
2013
$7,949
—
$163,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 Richter Ave
40 Richter Avenue, Milltown, NJ 08850 (MLS# 2703334R) is a Duplex property with 0 bedrooms and 0 full bathrooms. 40 Richter Avenue is currently listed for $659,000 and was received on August 24, 2026. Want to learn more about 40 Richter Avenue? Do you have questions about finding other Duplex real estate for sale in Milltown? You can browse all Milltown real estate or contact a Coldwell Banker agent to request more information.

