Gardenstate.homes Search Results

$599,000

Welcome to this rare legal two-family brick home in one of the more desirable sections of New Brunswick! Offering exceptional potential for investors or owner-occupants alike, this versatile property features off-street parking with an attached garage with loft storage, a true rarity in the area. The first-floor apartment offers 3 bedrooms and 1 full bath, featuring hardwood flooring in the bedrooms and living room, an eat-in kitchen with granite countertops and laminate flooring, and access to a walk out finished basement complete with two recreation rooms, a large, full kitchenette, and an additional full bath ideal for extended living or entertaining. The second-floor apartment includes 1 bedroom, 1 full bath, a comfortable living area, and an eat-in kitchen. Additional highlights include an enclosed rear porch with slate flooring, a large fenced backyard, separate utilities, and endless possibilities to make this property your own. While the home does require some updating, its solid brick construction, flexible layout, prime location, and unique amenities make it a true gem with outstanding upside potential in the heart of New Brunswick. Limited showings due to tenants schedules. Contact listing agent for more information.

4 Beds ⋅ 3 Baths ⋅ 2661975M MLS

55 Juliet Street, New Brunswick NJ 08901, 1213 - New Brunswick

$649,900

Welcome to 267 Townsend Ave in New Brunswick, an incredible opportunity to own a well-maintained two-family property with strong income potential and flexible living options. This property is perfect for an owner-occupant looking to live in one unit while renting the other, or for an investor seeking a reliable income-producing asset in one of Middlesex County's most active rental markets. Each unit features a spacious layout with 3 bedrooms and 1 full bathroom, providing comfortable living space that tenants appreciate. Both apartments were updated in 2023, and the kitchens were refreshed in 2024, offering a more modern feel while maintaining the home's durability and functionality. The property currently generates $4,400 per month in rental income, with Unit 1 renting for $2,650 and Unit 2 renting for $2,650. Tenants are responsible for all utilities, including water, which helps keep owner expenses low and improves overall investment performance. The leases are currently month-to-month, offering flexibility for buyers, with tenants requiring a 90-day notice to relocate or begin new lease terms. Several important improvements have been made over the years, including new windows and new coil trim around the windows and fascia, updated electrical meters in 2007, and a sewer line replacement from the home to the street completed in 2009. The furnace is approximately 10+ years old, the water heater is approximately 5+ years old, and the roof is approximately 15+ years old. As an added incentive, the seller is offering a $10,000 seller concession which can be used toward closing costs, rate buy-downs, or potential upgrades, creating additional value for the next owner. Conveniently located near Rutgers University, major hospitals, downtown New Brunswick, shopping, dining, and transportation, this property offers excellent accessibility and consistent rental demand. Whether you are looking to build wealth through real estate investing or secure a home with built-in income potential, 267 Townsend Ave presents a fantastic opportunity. This location is within 9 minutes of the Rutgers Bus Stop on the corner of Geroge and New Street. Showings start 3/16/26.

6 Beds ⋅ 2 Baths ⋅ 2661432M MLS

267 Townsend Street, New Brunswick NJ 08901, 1213 - New Brunswick