73 Nichol Avenue, New Brunswick, NJ 08901
Douglas College · Middlesex County
Key Facts
Description
Investor's dream in a prime New Brunswick location! Just seconds from Rutgers University's Douglass Campus, this spacious 5-bedroom Colonial offers an exceptional investment opportunity with a legal occupancy for seven tenants. The home features 5 bedrooms, 2.5 baths, beautiful hardwood floors, a detached 2-car garage, and a one-car driveway with room to stack two additional vehicles. Enjoy the large rear wooden deck, perfect for outdoor entertaining or relaxing. The fully finished, legal basement includes 2 bedrooms, a full bath, and a family room, providing additional versatile living space. The property is currently tenant-occupied and generates $4,400 per month in rental income. The lease is month-to-month and extends through March 31, 2027. Sale is subject to the existing tenancy. Buyer is responsible for obtaining the Certificate of Occupancy (CO). Conveniently located near Rutgers University, public transportation, restaurants, shopping, and major highways, this is an outstanding opportunity for investors seeking strong rental income in one of New Brunswick's most desirable rental markets.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1920
Stories
3
Living Area
1,428 sq ft
Lot Size
0.11 acres
Lot Dimensions
95.00 x 50.00
Garage Spaces
2
Ownership
Fee Simple
Zoning
R-5A
Days on Market
1
MLS® Listing#
2700897R
Property Features
- Interior:
- Storage, Entrance Foyer
- Exterior:
- Barbecue
- Appliances:
- Gas Oven, Gas Range, Dishwasher, Dryer, Refrigerator, Range, Washer, Gas Water Heater, Water Heater
- Cooling:
- Wall Unit(s), Window Unit(s)
- Flooring:
- Carpet, Ceramic Tile, Parquet
- Fireplace:
- Gas
- Basement:
- Finished, Daylight, Exterior Entry, Interior Entry
- Parking:
- Concrete, Garage, Detached, Garage Door Opener
- Laundry:
- In Basement, Laundry Room
- Patio:
- Deck
- Lot Features:
- Near Public Transit
- Construction:
- See Remarks
- Roof:
- Asphalt
- Community:
- Curbs, Sidewalks
- Utilities:
- Underground Utilities, Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
Rooms
- Bedroom 113x9
- Bedroom 213x7
- Bedroom 313x8
- Dining Room13x12
- Kitchen16x9
- Living Room21x12
- Master Bedroom13x11
HOA & Tax
- Annual Tax:
- $6,854 (2025)
- Assessed Value:
- $255,000
- Parcel #:
- 130017500000000301
Directions
Suydam St. to Nichol Ave.
Affordability Calculator
$126,000
Estimated monthly payment
$3,353/mo
Principal $504,000 · Est. interest $703,125 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Brunswick, NJ
- $597,810
- Median Listing Price
- 37
- Median Days on Market
- 1,600
- Median Sq Ft
- $352
- Median Price / Sq Ft
- 597
- Active Listings
- This home’s price is 5% above the area median.
- Its price per sq ft is 25% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Brunswick, NJ.
Location
- 73 Nichol Avenue, New Brunswick, NJ 08901
Nearby Schools
Paul Robeson Community School
Elementary · 0.3 mi away
Lord Stirling Elementary School
Elementary · 0.3 mi away
Livingston Elementary School
Elementary · 0.6 mi away
Central Jersey College Prep Charter School, New Brunswick Campus
Primary School · 0.6 mi away
Roosevelt Elementary School
Elementary · 0.7 mi away
Pine Grove Cooperative Nursery School
School · 0.8 mi away
Adult High School
Secondary · 0.9 mi away
New Brunswick Public Schools
Secondary · 0.9 mi away
New Brunswick Board of Education
Elementary · 0.9 mi away
Lincoln Annex School
School · 0.9 mi away
New Brunswick Health Sciences Technology High School
Secondary · 0.9 mi away
Parsons Elementary School
Elementary · 1.1 mi away
Above and Beyond
School · 1.2 mi away
Greater Brunswick Charter School
Elementary · 1.2 mi away
Chick-A-Dee Child Care
School · 1.2 mi away
Yellow Brick Road Nursery School & Day Care
School · 1.3 mi away
Bartle Elementary School
Elementary · 1.3 mi away
Highland Park Public Schools
School · 1.3 mi away
Theta Chi - Rutgers University
School · 1.3 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in New Brunswick
Listing Courtesy: C-21 BARROOD REALTORS - 7322977900