CCertihomes
40 Richter Avenue, Milltown, NJ 08850

$659,000

0 beds 2 baths 2,108 sqft Built 19160 days on marketActive

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.

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 4% APR.

Your estimated payment
$5,193/mo

Real estate (PITI + HOA + PMI)
$4,856
Principal + interest$2,989
Property tax + insurance$1,620
PMI / 2nd mortgage$247
Utilities
$724
Heating + cooling$209
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$127
Car insurance + maintenance$127
Other (entertainment)
$140
$5,193/mo TLC
Budget$5,693/mo
Remaining after TLC$500/mo
Purchase price
$659,000
Down payment
$32,950 (5%)
Loan amount
$626,050
APR
4%

Quick facts

Type
2 Family
Style
Year built
1916
Lot size
0.1119 ac
Stories
2
Heating
Baseboard, Radiant, Central
Cooling
Ceiling Fan(s),A/C Wall Unit(s),A/C Window Unit(s)
Water
Public
HOA
Annual tax
$11,344
MLS #
2703334R
County
Middlesex

At a glance

Basement
Garage

Home features

Appliances
Water Heater(See RemarksGas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)
Interior
Unit 1(2 BedroomsKitchen1 BathLiving RoomDen/Family Room)Unit 2(2 BedroomsKitchen1 BathLiving RoomDen/Family Room)
Exterior
PatioPorch(es) - OpenPorch
Parking
AttachedDetached
Patio & porch
PatioPorch(es) - OpenPorch
Sewer
Public Sewer
Ownership
Fee Simple

Lot features

Near Shopping

Neighborhood — 08850

MetricThis ZIPCountyUSA
Population7,7428,832,837299,088,112
Population Change Since19902.00%14.00%20.00%
Population Density2,6211,137
Male3,7484,307,827147,432,321
Female3,9944,525,010151,655,844
Never Married1,6171,965,81163,775,926
Married3,6253,647,435123,120,365
Separated145391,23912,639,686
Widowed441515,17215,467,586
Divorced429529,39323,075,029
Number Of House Hold2,8863,167,345111,826,380
Average House Hold Size2.682.732.60
Medial Age39.8437.1535.46
Median House Hold Income$80,661$63,392$48,276
Average House Hold Income$90,327$83,312$63,629
P C I$33,672$30,662$24,529
M D I$64,555$52,505$41,133
A T H E$65,785$61,369$50,898
S T R7.00%7.00%
W C J81.20%81.02%77.74%
(Zip) Code
8850

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Central Jersey Multiple Listing System, INC

Listing information last refreshed 8/25/2026. Provided courtesy of TVERDOV HOUSING via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.