Updated Duplex Income
259 Matawan Avenue Matawan, NJ 07747
For Sale
$849,000
Completely updated duplex on an oversized corner lot with two separate units.
Property Size2,288 SF
Lot Size0.17 Acres
Price / SF$371.07
Days on Market179
Property Features for 259 Matawan Avenue
General Information
Standard status
Active
Size
2,288 SF
Lot size
0.17 Acres
Property subtype
Multi-Family / Duplex
Building Details
Year Built
1950
Listing Agency:
C21 Thomson & Co.
(732) 945-7035
Listed By:
Kyle Golden · License #1646836
(732) 945-7035
Source:
Compass
Added: Jan 31
Changed: Jul 22
Last Checked: Jul 23 at 10:50AM
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 C21 Thomson & Co.
Investment Insights
Based on property information with market context.
This completely updated duplex features two residential units on an oversized corner lot. Unit 1 is a 3-bedroom, 1-bath layout, and Unit 2 offers a 2-bedroom, 1-bath configuration.
The property is located at 259 Matawan Avenue in Matawan, NJ 07747. The oversized lot is described as 50 x 150 and is noted as having potential for subdivision.
The public remarks include rent roll figures of $2,975 for Unit 1 and $2,600 for Unit 2, along with stated expenses and NOI. The property is also described as not located in a flood zone.
The property is located at 259 Matawan Avenue in Matawan, NJ 07747. The oversized lot is described as 50 x 150 and is noted as having potential for subdivision.
The public remarks include rent roll figures of $2,975 for Unit 1 and $2,600 for Unit 2, along with stated expenses and NOI. The property is also described as not located in a flood zone.
Key Highlights
- Completely updated 2‑unit duplex with 2 levels and a walk‑out access basement
- 5 bedrooms total: Unit 1 has 3 beds/1 bath; Unit 2 has 2 beds/1 bath
- Oversized 50x150 corner lot with potential for subdivision
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $25.56 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $54.7k | $23.91 |
| − OpEx | −$16.4k | −$7.17 |
| NOI | $38.3k | $16.74 |
2,288 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.0K
$478.7K – $638.2K
NOI $38,292 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$502.6K
$439.8K – $586.4K
NOI $35,185 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Completely updated duplex on an oversized corner lot with two separate units.
Where is this duplex located?
The property is located at 259 Matawan Avenue Matawan, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Completely updated 2‑unit duplex with 2 levels and a walk‑out access basement; 5 bedrooms total: Unit 1 has 3 beds/1 bath; Unit 2 has 2 beds/1 bath; Oversized 50x150 corner lot with potential for subdivision
