Aberdeen Woods Townhomes For
For Sale
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133 Aberdeen Rd, Matawan, NJ 07747
11-unit townhome community in Monmouth County, New Jersey.
Property Size16,830 SF
Price / SF$243.61
Days on Market210
Property Features for 133 Aberdeen Rd
General Information
Standard status
Active
Size
16,830 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
2001
Buildings
1
Stories
3
Units
11
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Chez Eider · License #NJ 1863116
(201) 742-6177
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
Aberdeen Woods Townhomes is an 11-unit townhome-style multifamily community located in the Aberdeen / Matawan submarket of Monmouth County, New Jersey. Constructed in 2001, the property consists entirely of three-story two-bedroom, 2.5-bath townhome residences. Each unit features private entrances, attached garages, separate utilities, and individual decks. The residences average approximately 1,530 square feet including garages, offering substantially larger living space. This format attracts tenants seeking the space and privacy of single-family living while remaining within the rental market. The property produces stable in-place cash flow with an opportunity for additional NOI growth through gradual rent alignment with comparable two-bedroom rentals in the submarket. Current rents remain below market levels, providing a clear path to increased revenue as leases roll. Aberdeen Woods is located in Northern Monmouth County, with convenient access to the Garden State Parkway and the Aberdeen-Matawan NJ Transit Station. The property benefits from proximity to major employment centers in both Monmouth and Middlesex Counties as well as the broader Fort Monmouth redevelopment corridor. With limited competing townhome-style rental supply in the immediate area, Aberdeen Woods offers investors the opportunity to acquire a differentiated suburban multifamily asset with stable income and measurable rent growth potential. The property size is 16,830 square feet.
Key Highlights
- Townhome‑style residences offer tenants the space and privacy of single‑family living within the rental market.
- Opportunity for increased NOI through rent alignment with comparable two‑bedroom rentals.
- All units are large, three‑story, two‑bedroom, 2.5‑bath townhomes averaging 1,530 square feet with attached garages and private entrances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$258,812
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,176,240
$5.2M
Cap Rate 7%
$3,697,314
$3.7M
Cap Rate 9%
$2,875,689
$2.9M
Market Conditions
NOI Build-Up for 16,830 SF
Gross rent
$504.9K $30.00/SF
− Vacancy
−$34.3K −$2.04/SF
EGI
$470.6K $27.96/SF
− OpEx
−$211.8K −$12.58/SF
NOI
$258.8K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,176,240
Cap Rate 7%
$3,697,314
Cap Rate 9%
$2,875,689
Alternative Uses
Best Use
Apartment 5plus
$3.70M
$3.24M – $4.31M
NOI $258,812 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.85M – $5.13M
NOI $307,625 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 07747, NJ
31,915
Population
13,134
Households
2.4
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
2,493
Density / Sq Mi
$124,896
Median Household Income
$61,503
Median Earnings
$1,840
Median Rent
$464,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 11-unit townhome community in Monmouth County, New Jersey.
Where is this apartment building located?
The property is located at 133 Aberdeen Rd Matawan, NJ.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Townhome‑style residences offer tenants the space and privacy of single‑family living within the rental market.; Opportunity for increased NOI through rent alignment with comparable two‑bedroom rentals.; All units are large, three‑story, two‑bedroom, 2.5‑bath townhomes averaging 1,530 square feet with attached garages and private entrances.
