$1,499,000
●
House -
For Sale
2 Butternut
Monroe, NJ 08831
5 Beds
3 Baths,
1
Half Bath
$8,924
Est. Monthly
About This Property
Welcome to this impressive 5-bedroom Colonial in Monroe Township,
offering spacious living, thoughtful design, and exceptional
versatility. The first level features a welcoming layout with a
bedroom, half bath, dining room, living room, well-appointed
kitchen, and convenient laundry room. Three fireplaces add warmth
and character throughout the living spaces.Upstairs, four
generously sized bedrooms include a private primary suite with a
full bath and sitting room, creating a comfortable retreat. The
finished full basement expands the living space with a recreation
room, additional bedroom, and wet bar ideal for entertaining,
guests, or flexible living arrangements.An attached 3-car garage
provides excellent parking and storage. Situated just minutes from
NYC-bound transportation, major roads, and excellent schools, this
property offers both convenience and space in a desirable Monroe
Township location.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,563
HOA Dues
-
Year Built
2002
Listed By
JASON KUNZMAN
SIGNATURE REALTY NJ
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 14 days ago (NJMLS #26038988)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Listed by Signature Realty NJ LLC | $1,499,000 | |
| Listed by Signature Realty NJ LLC | |||
| Jan 4, 2022 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by MID-STATE REALTY | $874,900 | |
| Listed by MID-STATE REALTY | |||
| | |||
|
East Facing Brick Front Colonial Home With 3 Car Garage And Plenty Of Additional Parking! Located In The Desirable Manors At Old Forge. Complete With 5 Beds, 2.5 Baths, An Eat-in Kitchen With A Center Island, New Ss Appliances, With A Spacious Kitchen Nook That Overlooks The Yard. Full Finished Basement With 10ft. Ceilings. The First Floor Features An Open Floor Plan. Beautiful Grand Entry Foyer With Chandelier. Master Br Features A Separate Bonus Room, 2 Oversized Closets, Custom Rain Shower With Porcelain Tiling, Shower Bench, And Updated Vanity. Step Outside The Kitchen Onto A Trex Deck That Leads To A Paver-patio Area To Enjoy Your Private Wooded Lot. 12 Zone Sprinkler System, 55-gallon Hot Water Heater, And Built-in Humidifier On The Furnace.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Rooms: 13
Has Fireplace
Fireplace Features: 3 Fireplaces
Fireplaces: 3
Basement: Finished
Exterior Details
Architectural Style: Colonial
Year Built: 2000
Waterfront Features: None
Construction Materials: Brick, Vinyl Siding
Patio and Porch Features: Deck, Patio
Pool Features: Above Ground
Pool is Private
Financial Details
Tax Annual Amount: $18,758
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Zoned, Hot Air
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Middlesex
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Listed by: Jason Kunzman
Signature Realty NJ LLC
Last Updated: 14 days ago
Data Source: NJMLS , MLS#
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Signature Realty NJ LLC
Last Updated: 14 days ago
Data Source: NJMLS , MLS#
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017