Closed$510,000
TLC ≈ $5,485/mo
2 2 1,285 sqft
1 Spring Street #2105, New Brunswick, NJ 08901
73 Nichol Avenue, New Brunswick, NJ 08901
$630,000
5 beds 3 baths 1,428 sqft Built 19200 days on marketActive
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$5,735/mo
- Real estate (PITI + HOA + PMI)
- $5,485
- Utilities
- $521
- Transportation
- $129
- Other (entertainment)
- $143
Principal + interest$4,058
Property tax + insurance$1,191
PMI / 2nd mortgage$236
Heating + cooling$106
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$129
Budget$6,235/mo
Remaining after TLC$500/mo
Purchase price
$630,000
Down payment
$31,500 (5%)
Loan amount
$598,500
APR
7.19%
Quick facts
Type
Single Family Residence
Style
Colonial
Year built
1920
Lot size
0.109 ac
Stories
3
Heating
Radiators-Steam
Cooling
Wall Unit(s), Window Unit(s)
Water
Public
HOA
—
Annual tax
$6,854
MLS #
2700897R
County
Middlesex
At a glance
Fireplace
Basement
Garage (2)
Dishwasher
Home features
Appliances
DishwasherDryerGas Range/OvenRefrigeratorRangeWasherGas Water Heater
Interior
2 BedroomsLaundry RoomBath FullStorageFamily RoomUtility RoomEntrance FoyerKitchenBath HalfLiving RoomDining Room3 BedroomsBath Main
Exterior
BarbecueCurbsDeckSidewalkYard
Community
CurbsSidewalks
Parking
1 Car WidthConcrete2 Cars DeepGarageDetachedGarage Door Opener
Patio & porch
Deck
Fireplace
Gas
Kitchen
Eat-in Kitchen
Dining
Formal Dining Room
Flooring
Carpet, Ceramic Tile, Parquet
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Public Transit
Neighborhood — 08901
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 49,834 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 19.00% | 14.00% | 20.00% |
| Population Density | 7,934 | 1,137 | — |
| Male | 24,953 | 4,307,827 | 147,432,321 |
| Female | 24,881 | 4,525,010 | 151,655,844 |
| Never Married | 22,971 | 1,965,811 | 63,775,926 |
| Married | 8,731 | 3,647,435 | 123,120,365 |
| Separated | 5,376 | 391,239 | 12,639,686 |
| Widowed | 1,261 | 515,172 | 15,467,586 |
| Divorced | 2,527 | 529,393 | 23,075,029 |
| Number Of House Hold | 13,519 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 3.21 | 2.73 | 2.60 |
| Medial Age | 24.61 | 37.15 | 35.46 |
| Median House Hold Income | $41,853 | $63,392 | $48,276 |
| Average House Hold Income | $58,306 | $83,312 | $63,629 |
| P C I | $19,187 | $30,662 | $24,529 |
| M D I | $36,349 | $52,505 | $41,133 |
| A T H E | $48,230 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 83.09% | 81.02% | 77.74% |
(Zip) Code
8901
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 7/15/2026. Provided courtesy of C-21 BARROOD REALTORS via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.