Updated Two-Family Home with
49 Middlesex Road Unit B Matawan, NJ 07747
49 Middlesex Road Unit B, Matawan, NJ, 07747
$849,000
For Sale
$849,000
High-income producing two-family home with a rare attached garage.
Property Size1,499 SF
Price / SF$566.38
Days on Market155
Property Features for 49 Middlesex Road Unit B
General Information
- Standard status
- Active
- Size
- 1,499 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1950
Listing Agency
RE/MAX INNOVATION
(732) 259-3522
Listed by
SUSAN MARCRIE · License #0678430
Source
Compass
Added: Feb 12 Checked: Jul 10 at 12:18 pm
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 RE/MAX INNOVATION
Investment Insights
Based on property information with market context.
This updated two-family home is a high-income producing property, generating over $80,000 per year. The property features an up/down layout with two units, each containing 2 bedrooms and 1 bathroom, as well as in-unit laundry. A rare attached 4-car garage with 15' high doors, divided into 4 separate bays, is rented separately for additional income. The upper unit includes a bright living room with a cathedral ceiling and 2 skylights, a kitchen/dining area with laminate floors and cherry cabinets, and a full appliance package. The updated bathroom features a granite vanity, square sink, tile floor, and tub/shower surround. Generous closets and a finished walk-in attic provide space for storage, an office, or flexible use. Many upgrades have been made, including windows, roof, kitchen, bath, sheetrock, and some plumbing and electric work. The property is close to buses, trains, shopping, and major roads, making it ideal for owners or investors. The property size is 1499 square feet and it is located on an oversized lot.
Key Highlights
- High‑income producing property generating $80K+/year.
- Rare attached 4‑car garage with 15' high doors rented separately for extra income.
- Two updated units, each with 2 bedrooms, 1 bathroom, and in‑unit laundry.
Local 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 | $38.3k | $25.56 |
| − Vacancy | −$2.5k | −$1.65 |
| EGI | $35.8k | $23.91 |
| − OpEx | −$10.8k | −$7.17 |
| NOI | $25.1k | $16.74 |
1,499 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.4K
$313.6K – $418.1K
NOI $25,088 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$329.3K
$288.2K – $384.2K
NOI $23,052 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$391.4K
$342.5K – $456.7K
NOI $27,399 @ 7.0% cap · market cap 3.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - High-income producing two-family home with a rare attached garage.
Where is this duplex located?
The property is located at 49 Middlesex Road Unit B 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: High‑income producing property generating $80K+/year.; Rare attached 4‑car garage with 15' high doors rented separately for extra income.; Two updated units, each with 2 bedrooms, 1 bathroom, and in‑unit laundry.
