191 Main St Matawan, NJ 07747
3
Beds
2
Baths
1,492
Sq Ft
6,534
Sq Ft Lot
Highlights
- 1 Fireplace
- Cooling Available
- 3-minute walk to Terhune Park
- Matawan Reg High School Rated A-
- 2 Car Garage
About This Home
As of April 2025Prime Investment Opportunity - Historic Charm & High Cash Flow! Don't miss this cash cow investment property in a prime location, offering both charm & strong income potential! This historic gem features 2 separate units—2-bed, 1-bath & 1-bed, 1-bath—each w/ separate utilities, making it a perfect setup for owner-occupants or investors. Situated on a deep lot, property boasts a large detached 2-car garage, ideal for additional storage or rental income. Walkability to top-rated restaurants, shops, and town amenities, ensuring strong demand year-round. With a potential rent roll of $2,800 and $2,200, this property is a turnkey investment with significant cash flow potential. Whether you're looking to expand your portfolio or secure a prime residence w/ rental income, this one checks it all
Last Agent to Sell the Property
C21 Thomson & Co. License #1646836 Listed on: 02/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,419
Year Built
- Built in 1908
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 33 x 192
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,492 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Basement
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Matawan Avenue Middle School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 31-00035-0000-00011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2025
Closed on
Apr 22, 2025
Sold by
Kremer Bonnie L and Renaud Ann L
Bought by
9888 Investment Llc
Seller's Agent
Kyle Golden
C21 Thomson & Co.
Buyer's Agent
Kyle Golden
C21 Thomson & Co.
List Price
$499,999
Sold Price
$545,000
Premium/Discount to List
$45,001
9%
Total Days on Market
14
Views
48
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-21.20%
Original Mortgage
$320,000
Outstanding Balance
$320,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$203,363
Purchase Details
Closed on
Dec 21, 1994
Sold by
Troncone Peter
Bought by
Levine Bonnie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
9.2%
Mortgage Type
Commercial
Similar Home in Matawan, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $545,000 | None Listed On Document | |
| Deed | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | New Conventional | |
| Previous Owner | $68,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Sold | $545,000 | +9.0% | $365 / Sq Ft |
| 03/13/2025 03/13/25 | Pending | -- | -- | -- |
| 02/27/2025 02/27/25 | For Sale | $499,999 | -- | $335 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $10,126 | $477,300 | $327,100 | $150,200 |
| 2023 | $10,126 | $465,800 | $317,100 | $148,700 |
| 2022 | $8,656 | $353,700 | $212,100 | $141,600 |
| 2021 | $6,446 | $321,100 | $192,100 | $129,000 |
| 2020 | $8,605 | $314,500 | $187,100 | $127,400 |
| 2019 | $8,228 | $301,400 | $177,100 | $124,300 |
| 2018 | $7,581 | $273,200 | $157,100 | $116,100 |
| 2017 | $7,347 | $261,000 | $147,100 | $113,900 |
| 2016 | $7,014 | $254,500 | $142,100 | $112,400 |
| 2015 | $7,385 | $270,000 | $162,100 | $107,900 |
| 2014 | $6,540 | $240,000 | $147,100 | $92,900 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Golden
Seller's Agent in 2025
Kyle Golden
C21 Thomson & Co.
(201) 400-5427
1 in this area
104 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22505422
APN: 31-00035-0000-00011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes