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Property 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. 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.
Full Property Details
Full Property Details for 40 Throop Ave
General
- Price: $650,000
- Taxes: $8,725 (2025)
- Status: Active
- Type: Duplex
- Source: Monmouth
- MLS ID: 22626798
- Updated: Today (8/26/2026)
- Added to Site: Today
Interior
- Interior Features: Walk-Up Attic
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Lighting
Parking
- Parking Features: On-Street, None
- Garage Description: None
Location
- Area: New Brunswick (NWB)
- Municipality: New Brunswick (NWB)
- County: Middlesex
- Subdivision: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Multi Units
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: Public Sewer, Public Water
Structural Information
- Basement: Yes
- Roof: Shingle
- Square Feet: 2,594
- Year Built: 1900
Unit Information
Unit 1
- Bedrooms: 3
- Bedroom 1: Level 2
- Living Room: Level 2
- Kitchen: Level 2
Unit 2
- Bedrooms: 2
- Bedroom 1: Level 1
- Living Room: Level 1
- Kitchen: Level 1
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Dimensions: 25 x 100
- Lot Features: Level
- Zoning: Multifamily
Financial Considerations
- Price Per Sq. Ft.: $250.58
- Tax Amount: $8,725
- Tax Year: 2025
- Tenant Pays: Water, Sewer, Gas, Electricity
Disclosures and Reports
- Property ID: 13-00152-0000-00025
- Section: None
Listed by RE/MAX Central, Matthew Tully
Get Pre-Approved Today
Schools
Schools serving 40 Throop Ave
School District:New Brunswick City School District
| Name | Grades | Distance |
|---|---|---|
Lord Stirling Elementary School 101 Redmond Street, New Brunswick, NJ 08901 | PK-5 | 0.1 mi |
New Brunswick Middle School 1125 Livingston Avenue, New Brunswick, NJ 08901 | 6-8 | 1.7 mi |
New Brunswick High School 1000 Somerset Street, New Brunswick, NJ 08901 | 9-12 | 2.1 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 Throop Ave
Date
Details
Price
Change
Source
8/26/2026
Listed
$650,000
647.13%
MLS
8/17/1994
Sold
$87,000
—
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 Throop Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,725
3%
$324,600
—
2024
$8,501
5%
$324,600
—
2022
$8,079
—
$324,600
—
2021
$8,047
34%
$324,600
—
2021
$5,994
-22%
$324,600
—
2018
$7,687
4%
$324,600
—
2017
$7,381
19%
$324,600
207%
2016
$6,206
-21%
$105,800
-67%
2019
$7,865
30%
$324,600
207%
2015
$6,058
3%
$105,800
—
2013
$5,903
—
$105,800
—
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 Throop Ave
40 Throop Avenue, New Brunswick, NJ 08901 (MLS# 22626798) is a Duplex property with 6 bedrooms and 2 full bathrooms. 40 Throop Avenue is currently listed for $650,000 and was received on August 26, 2026. Want to learn more about 40 Throop Avenue? Do you have questions about finding other Duplex real estate for sale in New Brunswick? You can browse all New Brunswick real estate or contact a Coldwell Banker agent to request more information.

