Closed$599,000
TLC ≈ $3,635/mo
4 2 1,523 sqft
2 Oakwood Place, North Brunswick, NJ 08902
166 Jones Avenue, New Brunswick, NJ 08901
$795,000
8 beds 3 baths 2,512 sqft Built 19200 days on marketActive
About this home
Exceptional Investment Opportunity Near Rutgers University - Douglass Campus! Spacious Cape-style home offering 8 bedrooms and 3 full baths in a location that has historically served the Rutgers University rental market. The residence is approved for occupancy of up to 20 people, creating an attractive opportunity for an investor seeking a high-capacity rental property. Occupancy for up to 20 renters, along with off-street parking and a one-car garage. The property features a fenced yard, one-car garage, driveway parking, and solar panels that can help reduce utility costs. Its New Brunswick location provides convenient access to Rutgers University's Douglass Campus, public bus transportation, the New Brunswick Train Station, shopping, dining, and downtown New Brunswick. With 8 bedrooms, 3 full baths and substantial occupancy capacity, the home offers flexibility for investors as well as buyers looking for a large residence. Seller can deliver the property vacant if desired, giving the new owner the opportunity to establish their own rental arrangements or occupy the home themselves. Rare combination of location, bedroom count, parking, occupancy capacity, and proximity to Rutgersan opportunity worth seeing.
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
$6,326/mo
- Real estate (PITI + HOA + PMI)
- $6,094
- Utilities
- $609
- Transportation
- $129
- Other (entertainment)
- $143
Principal + interest$3,606
Property tax + insurance$2,190
PMI / 2nd mortgage$298
Heating + cooling$150
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$129
Budget$6,826/mo
Remaining after TLC$500/mo
Purchase price
$795,000
Down payment
$39,750 (5%)
Loan amount
$755,250
APR
4%
Quick facts
Type
Single Family Residence
Style
Cape Cod, Colonial
Year built
1920
Lot size
0.109 ac
Stories
2
Heating
Radiators-Hot Water
Cooling
A/C Central - Some, None
Water
Public
HOA
—
Annual tax
$16,528
MLS #
2705591R
County
Middlesex
At a glance
Fireplace
Basement
Garage (1)
Home features
Appliances
Gas Range/OvenRefrigeratorGas Water Heater
Interior
3 BedroomsKitchenLiving RoomBath MainBath Full2 Bedrooms
Exterior
SidewalkFencing/WallYard
Community
Sidewalks
Parking
1 Car Width2 Cars DeepAsphaltGarageDetachedDrivewayOn Site
Fireplace
Wood Burning
Kitchen
Eat-in Kitchen
Flooring
Ceramic Tile, Vinyl-Linoleum, Wood
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Train, Level, 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 10/2/2026. Provided courtesy of BEST REALTY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.