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Backup Offers

16 Central Ave, New Brunswick, NJ, 08901

$549,900

Home List Price

$6,530*

Closing Credit

0 Baths
1,680 SqFt
$327/SqFt
Multi

Location

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16 Central Ave, New Brunswick$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1872
HeatingForced Air
MLS #2413457R
Lot Size0.12 Acres
StatusAccepting Backup Offers
(Under Contract)

About 16 Central Ave

Welcome to this fantastic 2-family home in the heart of New Brunswick! This property offers a unique opportunity for investors or buyers looking to own and rent simultaneously. The first-floor unit features 2 bedrooms and 1 bath, with a lease in place until July 2025, ensuring steady rental income. The second-floor unit, also a 2-bedroom 1-bath, is on a month-to-month lease, providing flexibility for future occupancy or rental adjustments. A rare find in this area, the property boasts off-street parking, adding significant convenience and value. Additionally, the home includes a partial basement with a separate entrance, perfect for additional storage or potential use. Utilities are conveniently separated, simplifying management and billing. Situated in a prime location, this home is close to major highways, the train station, and a variety of shopping options, making it an ideal choice for commuters and local residents alike. Don't miss out on this amazing investment opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1872
  • Stories: 2
  • Living Area: 1,680 SqFt

Listing Office:

  • Office Name: ORANGE KEY REALTY, INC.

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Interior: Unit 1(2 Bedrooms, 1 Bath), Unit 2(2 Bedrooms, 1 Bath)

Virtual/3D Tour

  • Virtual Tour: 16 Central Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $327/SqFt

Tax Information:

  • Annual Amount: $6,010
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Brunswick, NJ.

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New Brunswick, NJ

City

Med. Sold Price

$411K

Med. Price/SqFt

$309

Avg. Days On Market

64

# of Sold Homes

15

16 Central Ave vs New Brunswick

159 DAYS ON ROCKET

+95 Days

$549,900

+$138.9K More

$327/SqFt

+$18 More

KEY TAKEAWAY

This property is $138.9K more than the Median Sold Price and $18/SqFt more than other homes in New Brunswick, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2413457R

Listing Office:

  • Office Name: ORANGE KEY REALTY, INC.

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,010$325,500
2019$7,707$325,500
2018$7,708$325,500
2017$8,341$366,800

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1079387
2
/10

  • Lincoln Elemmentary School

  • 66 Bartlett St

  • 0.15 miles

  • Public District Grades KG-3

school-card-donut-1079388
2
/10

  • Roosevelt Elemmentary School

  • 83 Livingston Ave

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-1079389
2
/10

  • A.C. Redshaw Elemmentary School

  • 216 Livingston Ave

  • 0.87 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,571. The most common annual income of people living in New Brunswick, NJ is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Middlesex County›New Brunswick›08901›16 Central Ave

This home is located at 16 Central Ave in New Brunswick, NJ and zip code 08901. This 1,680 square foot home, which was built in 1872, sits on a 0.12 acre lot. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $549,900.

New Brunswick, NJ housing market in October 2024 saw over 8 listings sold above listed price, more than 4 sold at listed price and over 3 sold below. The number of listings in New Brunswick, NJ increased by 15.8% between September 2024 and October 2024. In October 2024 median list price was $411,000 and the average listing age was 64 days.

From Rocket Homes Real Estate and based on county public records data.

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