new - 6 days on rocket

40 Baldwin St, New Brunswick, NJ, 08901

$689,000

Home List Price

$8,182*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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40 Baldwin St, New Brunswick$689,000

Buyer Closing Credits

$8,182*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking4(+)Car Parking
Year Built1920
MLS #2410942R
Lot Size0.12 Acres
StatusActive

About 40 Baldwin St

Attention real estate investors! Here's an incredible opportunity to acquire a 3-family house with huge potential for income growth in the sought-after area of New Brunswick. Despite the below-market rental income, this property boasts spacious units, making it ideal for tenants seeking proximity to the Rutgers campus. Currently has long term tenants who pay all utilities. Units 1 & 2 each pay $1,846 per month rent. Unit 3 pays $1,345 per month rent. With its prime location, this property offers a tremendous upside potential, allowing you to maximize your Return On Investment. Parking can be a nightmare in this bustling neighborhood, but this property offers a large private driveway, providing the much-needed off-street parking that is a valuable commodity in this area. This is a big selling point, as it can provide great convenience and save you a lot of headaches. The location of this property is unbeatable, with the Rutgers campus just a block away and close to Robert Wood Johnson, train station, highways, shops and restaurants. This prime location offers tremendous rental demand, ensuring high occupancy rates and consistent cash flow. This is a rare opportunity to own a profitable 3-family house in an unbeatable location, with tremendous upside potential. Don't let this opportunity pass you by!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 3

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Interior: Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)

Exterior Features

Exterior Information:

  • Exterior: Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Blinds, Porch, Private Entrance, Storage Area-Common

Parking Information:

  • Parking: 4(+)Car Parking

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.12 Acres

School Info

Assigned Schools Information:

  • New Brunswick High School, Public District Grades 9-12
  • New Brunswick Middle School, Public District Grades 6-8
  • Paul Robeson Community School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $689,000

Tax Information:

  • Annual Amount: $8,402
  • 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

$357.5K

Med. Price/SqFt

$277

Avg. Days On Market

27

# of Sold Homes

7

40 Baldwin St vs New Brunswick

6 DAYS ON ROCKET

-21 Days

$689,000

+$331.5K More

KEY TAKEAWAY

This property is $331.5K more than the Median Sold Price in New Brunswick, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2410942R

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY

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: 4/29/2024, 9:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 17, 2004Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,402$455,000
2019$10,774$455,000
2018$10,774$455,000
2017$10,347$455,000

History based on county public records data.

Payment Calculator

$3,506

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,132

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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.

Elementary School

school-card-donut-3365626
2
/10

  • Paul Robeson Community School

  • 199 Commercial Ave

  • 0.15 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3365627
2
/10

  • New Brunswick Middle School

  • 1125 Livingston Ave

  • 1.51 miles

  • Public District Grades 6-8

High School

school-card-donut-3365628
1
/10

  • New Brunswick High School

  • 1000 Somerset St

  • 2.09 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,250. The majority of New Brunswick, NJ residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Middlesex County›New Brunswick›08901›40 Baldwin St

This home is located at 40 Baldwin St in New Brunswick, NJ and zip code 08901. This home, which was built in 1920, sits on a 0.12 acre lot. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $689,000.

New Brunswick, NJ housing market in March 2024 saw over 7 listings sold above listed price, more than 0 sold at listed price and over 0 sold below. The number of listings in New Brunswick, NJ increased by 10.4% between February 2024 and March 2024. Listings spent 27 days on the market in March 2024, and had a median list price of $357,500 during the same period.

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

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