259 Matawan Ave Matawan, NJ 07747
Estimated payment $5,345/month
Highlights
- Cooling Available
- Forced Air Heating System
- Baseboard Heating
About This Home
LOCATION LOCATION LOCATION - CASH COW INVESTMENT PROPERTY GENERATING $5,575/ MONTH OF RENT. COMPLETELY UPDATED DUPLEX ON OVERSIZED 50X150 LOT (POTENTIAL SUB DIVISION) 25 MINUTES TO THE NEW NETFLIX HEADQUARTERS LOCATED IN EATONTOWN. OVERSIZED CORNER LOT. 3 BEDROOMS 1 BATH UNIT 1 AND 2 BEDROOM 1 BATH UNIT 2. PREPARE TO BE AMAZED! SHORT DRIVE TO TRAIN STATION & FERRY! RENT ROLL $2975 UNIT 1, $2600 UNIT 2. EXPENSES: INSURANCE $1400, TAXES $9,000 .NOI $56,500. NOT IN A FLOOD ZONE!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,140
Year Built
- Built in 1950
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50 x 150
Parking
- No Garage
Home Design
- Duplex
Interior Spaces
- 2,288 Sq Ft Home
- 2-Story Property
- Walk-Out Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Schools
- Matawan Avenue Middle School
Utilities
- Cooling Available
- Forced Air Heating System
- Baseboard Heating
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 31-00096-0000-00002
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 | $10,727 | $533,800 | $260,100 | $273,700 |
| 2024 | $10,437 | $491,400 | $273,600 | $217,800 |
| 2023 | $10,437 | $480,100 | $264,600 | $215,500 |
| 2022 | $9,556 | $399,700 | $194,400 | $205,300 |
| 2021 | $7,107 | $351,700 | $164,700 | $187,000 |
| 2020 | $9,316 | $340,500 | $155,700 | $184,800 |
| 2019 | $9,072 | $332,300 | $152,100 | $180,200 |
| 2018 | $9,033 | $325,500 | $147,600 | $177,900 |
| 2017 | $8,814 | $313,100 | $138,600 | $174,500 |
| 2016 | $8,442 | $306,300 | $134,100 | $172,200 |
| 2015 | $7,647 | $279,600 | $120,600 | $159,000 |
| 2014 | $7,644 | $280,500 | $116,100 | $164,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | Pending | -- | -- | -- | |
| 02/18/2026 02/18/26 | Price Changed | $849,000 | -5.6% | $371 / Sq Ft | |
| 02/03/2026 02/03/26 | For Sale | $899,000 | 0.0% | $393 / Sq Ft | |
| 10/03/2025 10/03/25 | Rented | $35,700 | +1100.0% | -- | |
| 10/01/2025 10/01/25 | Under Contract | -- | -- | -- | |
| 09/11/2025 09/11/25 | Price Changed | $2,975 | -4.0% | $1 / Sq Ft | |
| 08/12/2025 08/12/25 | Price Changed | $3,100 | -3.1% | $1 / Sq Ft | |
| 07/15/2025 07/15/25 | For Rent | $3,200 | 0.0% | -- | |
| 07/01/2025 07/01/25 | Sold | $499,000 | 0.0% | $218 / Sq Ft | View Prior Sale |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- | |
| 03/03/2025 03/03/25 | For Sale | $499,000 | -- | $218 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $499,000 | Chicago Title | |
| Deed | $499,000 | Chicago Title | |
| Deed | $15,000 | None Listed On Document | |
| Deed | $15,000 | None Listed On Document | |
| Deed | $345,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $276,000 | Purchase Money Mortgage |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22602987
APN: 31-00096-0000-00002
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