$610,000
0 bd · 2 ba · 2,108 sqft · 4,874 sqft lot
40 Richter Ave, Milltown, NJ 08850
Multi-family · Built 1916 · $289/sqft ·
$4,046/mo est. payment
- Stories
- 2
3D tourFlood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 0
Other Rooms
- Total Rooms: 10
- Basement Description: Full, Storage Space, Laundry Facilities
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Unit 1(2 bedrooms
- Kitchen
- 1 bath
- Living room
- Den/family room)
- Unit 2(2 bedrooms
- Kitchen
- 1 bath
Appliances
- Water heater(see remarks
- Gas)
- Water heater
- Unit 1(range/oven
- Refrigerator)
- Unit 2(range/oven
- Refrigerator)
- Laundry Features: In Basement
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
Exterior and Lot Features
- Patio
- Porch(es) - open
- Porch
- Patio And Porch Features: Patio, Porch(es) - Open, Porch
- Patio: Yes
- Porch: Yes
Garage and Parking
- Attached Garage: Yes
- Parking Features: Attached, Detached
Schools
- 5
Joyce Kilmer Elementary School
elementary · 4-8 · 0.1 mi
Cheder Menachem
elementary · K-7 · 0.1 mi
Nuview Academy
elementary · K-12 · 1.9 mi
- 7
Parkview Elementary School
elementary · K-3 · 0.7 mi
Our Lady of Lourdes School
elementary · K-8 · 0.3 mi
Unitarian Montessori School
elementary · PK-K · 1.3 mi
Price history
- Sep 19, 2026 · Price Changed$610,000
- Aug 25, 2026 · Listed$659,000
- Feb 2, 2026 · Sold$435,000
- Sep 3, 2019 · Sold$340,000
Tax history
- 2025$11,344 tax · $163,200 assessed
- 2024$11,022 tax · $163,200 assessed
- 2023$10,821 tax · $163,200 assessed
- 2022$10,772 tax · $163,200 assessed
- 2021$10,549 tax · $163,200 assessed
- 2020$10,294 tax · $163,200 assessed
- 2019$9,643 tax · $163,200 assessed
- 2018$9,057 tax · $163,200 assessed
Home value
$597,000
- Cotality$597,000
- Quantarium$611,433
- Collateral Analytics$459,000
Where it is
Listed by Peter A. Tverdov · TVERDOV HOUSING · AllJerseyMLS
