Listing
$610,000
40 Ri••••• Ave (Sign up for 50 free credits to unlock)Milltown, NJ 08850
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.
Property Facts & Features
- Property Type
- Multi Family
- Status
- For Sale
- Listed
- Aug 24, 2026
- Price per Sq Ft
- $289/sqft
- ZIP Code
- 08850
- Full Baths
- 2
- Stories
- 2
- Parking
- Attached, Detached
- Heating
- Baseboard, Radiant, Central
- Cooling
- Ceiling Fan(S), A/C Wall Unit(S), A/C Window Unit(S)
- Construction
- Metal Siding
- Property Tax (2025)
- $11,344/yr
- Assessed Value
- $163,200
- Last Sold
- $435,000 · Feb 1, 2026
- County
- Middlesex
- School District
- Milltown Borough Public School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 0
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Land Info
- Lot Description: Near Shopping
- Lot Size Acres: 0.1118916
- Lot Size Dimensions: 125.00 x 35.00
- Lot Size Square Feet: 4874
Utilities
- Sewer: Public Sewer
- Water Source: Public
Appliances
- Water Heater(See Remarks
- Gas)
- Water Heater
- Unit 1(Range/Oven
- Refrigerator)
- Unit 2(Range/Oven
- Laundry Features: In Basement
Other Rooms
- Total Rooms: 10
- Basement Description: Full, Storage Space, Laundry Facilities
Rental Info
- Gross Scheduled Income: 999
- Lease Term: Unit 1(Month-Month)
Commercial Info
- Operating Expense: 999
Interior Features
- Unit 1(2 Bedrooms
- Kitchen
- 1 Bath
- Living Room
- Den/Family Room)
- Unit 2(2 Bedrooms
Garage and Parking
- Attached Garage: Yes
- Parking Features: Attached, Detached
School Information
- Elementary School District: Milltown Borough School Distri
- High School District: Milltown Borough School Distri
- Middle or Junior School District: Milltown Borough School Distri
Heating and Cooling
- Cooling Features: Ceiling Fan(s), A/C Wall Unit(s), A/C Window Unit(s)
- Heating Features: Baseboard, Radiant, Central
- Heating: Yes
- Ceiling Fans: Yes
Other Property Info
- Annual Tax Amount: 11344
- Source Listing Status: Active Under Contract
- County: Middlesex
- Tax Year: 2025
- Ownership: Fee Simple
- Home Warranty: No
- Number of Separate Electric Meters: 1
- Number of Separate Gas Meters: 1
- Number of Separate Water Meters: 1
- Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks)
- Parcel Number: 1100050000000004
- Postal Code Plus 4: 1508
- Zoning: R-4
- Property Subtype: 2 Family
Building and Construction
- Total Square Feet Living: 2108
- Year Built: 1916
- Building Area Total: 2108
- Building Area Units: Square Feet
- Building Features: Porch
- Construction Materials: Metal Siding
- Foundation Details: Full, Basement
- Living Area Units: Square Feet
- Property Age: 110
- Levels or Stories: 2
- Building Total Stories: 2
Exterior and Lot Features
- Patio
- Porch(es) - Open
- Porch
- Patio And Porch Features: Patio, Porch(es) - Open, Porch
- Patio: Yes
- Porch: Yes
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Sep 18, 2026 | Price Changed | $610,000 | $289 |
| Aug 24, 2026 | Listed | $659,000 | $313 |
| Feb 1, 2026 | Sold | $435,000 | $206 |
| Sep 2, 2019 | Sold | $340,000 | $161 |
Location
Lat 40.45325 · Lng -74.44277