159 Bridge Ave Red Bank, NJ 07701
Estimated payment $5,001/month
Highlights
- Central Air
- 5-minute walk to Red Bank
- 1 Car Garage
- Red Bank Regional High School Rated A
About This Home
Professional Photos coming 11/16. Prime Red Bank Two-Family Home - Location, Flexibility & Investment Potential. Discover this charming and versatile Victorian Duplex perfectly positioned less than 0.2 miles from the Red Bank train station and the heart of downtown. Enjoy a picturesque front porch, fenced-in yard and an attached over sized 1 car garage—all in one of Red Bank's most desirable neighborhoods. First Floor Unit A; spacious two-bedroom apartment featuring hardwood floors, eat-in kitchen with vaulted ceilings, full bath, in-unit laundry, and direct access to a large basement with high ceilings ideal for storage or workspace. This unit also connects to the garage, offering convenience. Second Floor Unit B; The home's charming turret—showcasing colorful stained-glass windows- opens into a comfortable one-bedroom apartment complete with a full kitchen, bath and private laundry. Above, a walk-up finished attic adds impressive extra space ideal for a home office, hobby room, or flexible living needs. Investment & Lifestyle Advantages. This property is not subject to Red Bank's rent-control regulations, offering strong investment appeal and rental income potential. Ideal for owner-occupants seeking help with their mortgage or investors looking for stable returns. The configuration also provides the option to convert the property into a single-family residence if desired.
Unmatched Location With Major Growth Ahead. Situated right at the edge of downtown's vibrant arts, dining, retail, and theater district, the home sits steps away from one of the most transformative redevelopment projects in Red Bank's history: Denholtz's 13-acre NJ Transit train-yard conversion into high-end residential and retail space. This significant investment is expected to further elevate the area and expand the downtown footprintmaking this already prime location even more desirable.
Listing Agent
Resources Real Estate Brokerage Phone: 732-212-0440 License #0789384 Listed on: 11/14/2025
Open House Schedule
-
Sunday, November 16, 202512:00 to 2:00 pm11/16/2025 12:00:00 PM +00:0011/16/2025 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,470
Year Built
- Built in 1920
Parking
- 1 Car Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 1,756 Sq Ft Home
- 2-Story Property
- Basement
Kitchen
- Stove
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Red Bank Prm Elementary School
- Red Bank Middle School
- Red Bank Reg High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Exclusions: personal belongings
- The owner pays for grounds care, water, snow removal, sewer, garbage removal
- Assessor Parcel Number 39-00075-04-00026
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,470 | $550,800 | $215,700 | $335,100 |
| 2024 | $7,776 | $501,300 | $200,000 | $301,300 |
| 2023 | $7,776 | $406,900 | $168,700 | $238,200 |
| 2022 | $5,761 | $375,800 | $147,800 | $228,000 |
| 2021 | $5,761 | $257,700 | $98,500 | $159,200 |
| 2020 | $5,539 | $243,800 | $98,500 | $145,300 |
| 2019 | $5,295 | $239,500 | $98,500 | $141,000 |
| 2018 | $5,122 | $234,200 | $98,500 | $135,700 |
| 2017 | $4,925 | $233,400 | $98,500 | $134,900 |
| 2016 | $4,844 | $229,900 | $98,500 | $131,400 |
| 2015 | $5,607 | $275,800 | $134,300 | $141,500 |
| 2014 | $6,504 | $340,000 | $198,500 | $141,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $799,000 | -- | $455 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $118,000 | -- | |
| Deed | $90,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $106,000 | Commercial | |
| Previous Owner | $65,000 | Commercial |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22534487
APN: 39-00075-04-00026
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