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41 Washington Ave, Oxford, NJ, 07863

6beds
3baths
3,140sqft
$499,000
$159price/sqft
$4,010/moest. monthly cost
$160,400/yrincome needed

About This Home

EXCELLENT INVESTMENT OPPORTUNITY! Fully occupied multi-unit property with four separate income streams. This well-maintained property offers strong rental potential and immediate cash flow. The first-floor unit features 3 spacious bedrooms, oak hardwood floors, high ceilings, a large eat-in kitchen, pantry, and a dedicated laundry room. Tenant also enjoys access to a huge basement, a 2-car garage, and additional storage space. Unit 2 offers 2 bedrooms and a comfortable living area. Unit 3 is an updated 1-bedroom/studio apartment with combined living and dining space plus an in-unit washer and dryer. Both upper units have access to a covered front porch and rear porch. Adding even more income potential, the property includes a large, approximately 600 sq. ft. powered shed, currently serving as an additional rental source. Conveniently located within walking distance of schools and the library, with both on-street and off-street parking available. Don't miss this turnkey investment property with multiple revenue sources and strong rental history.

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2022

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Electric,Refrigerator
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • High Ceilings,Track Lighting,Walk-In Closet(s),Bedrooms,Eat-in Kitchen,Living Room,Pantry,Attic,Kitchen
  • Window features: Stain Glass Windows
  • Flooring: Tile,Vinyl-Linoleum Floors,Wood

Heating

  • Heating features: 3 Units,Baseboard - Hotwater,Natural Gas

Interior Area

  • Total structure area: 3,140
  • Total interior livable area: 3,140 sqft

Property

Details

  • Parcel number: 3017000070000000080000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Open Porch(es),Porch
  • Exterior features: Sidewalk

Lot

  • Lot size: 9,147 sqft
  • Features: Corner Lot,Level,Open Lot
  • Lot size dimensions: 60 x 150 IRR .21 AC

Parking

  • Total spaces: 4
  • Parking features: Asphalt,Shared Driveway,Gravel,Off Street,On-Street Parking
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$202$2,424
Property Taxes $939$11,268
Electricity $346$4,153
Total$4,010$48,120
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,485/yr
40% on housing$120,300/yr
45% on housing$106,933/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -3.4%
-3.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$159This listing

vs Other Active Listings

Avg $/sqft

ZIP 07863$327
Warren County$224

vs Homes Sold Last Month

Median $/sqft

ZIP 07863$225
Warren County$238

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Listed for sale$499,000
2021-11-30Sold$260,000
2021-08-30Listed for sale$298,000
2013-11-14Listing removed$238,000
2013-04-22Listed for sale$238,000

For Sale by Agent

AgentKristen Luzi
BrokerageKl Sotheby's Int'l. Realty

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