267 Townsend St, New Brunswick, NJ

Real Estate

For Sale

Listed price in listed location currency (USD).

$649,900

620

MLS® 2661432M

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 2084 sqft

Garage No

Taxes $8,115

Days Active 5

Lot Size 0.0689 acres

Approx. Age 1920

Avg. Price Per Sqft $311

MLS® Number 2661432M

Property Address: 267 Townsend St, New Brunswick, NJ, 08901-2431

Average square foot calculated using Size range provided by listing agent.

Description

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, 200 and Unit 2 renting for $2, 200. 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.

MLS® Number2661432M

Laundry Level

Central VacNo

FireplaceNo

Acreage0.0689

Exterior

GarageNo

Approx. Age1920

BasementFull, Utility Room

Driveway

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 11, 2026List Date

$649,900List Price

Commute

Commute

Starting Address

Destination Address

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