73 John Partridge Rd Matawan, NJ 07747

OFF-MARKET

Apartment buildings

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Built 1945

This exceptional 10-unit apartment building, situated on a sprawling 1.14-acre lot at 73 John Partridge Road in Old Bridge, New Jersey, presents a compelling investment opportunity. The property, built in 1945 and boasting a two-story design, offers a mix of one- and two-bedroom units, each featuring a full kitchen. Currently fully leased with stable tenants, this 5,016 square foot building provides immediate positive cash flow. Recent updates within the past 10 years enhance the property's appeal and value. The property benefits from a private driveway and attractive natural landscaping, a feature highly valued by current tenants. The R-40 zoning is grandfathered, offering potential for future development or rent increases. The property's strong occupancy and potential for increased rental income make it an attractive investment. Serious inquiries only. Showings are by appointment only. The asking price is $2,000,000. Located in Middlesex County, NJ, zip code 07747.

Property type Apartment buildings

Year built 1945

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$295,000

900 SF

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Value Estimation
$590,000

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201 Lowr Main St

APARTMENT HOUSE (UNDER 5 UNITS)

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Value Estimation by Request

Johnson Ave

Land

0 Johnson Ave, Matawan, NJ 07747

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Value Estimation
$315,000

1,518 SF

112 Main St

COMMERCIAL (GENERAL)

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Value Estimation
$625,000

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210 Main St

COMMERCIAL (GENERAL)

210 Main St, Matawan, NJ 07747-3104

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Value Estimation by Request
4,472 SF

1082 State Rte 34

OFFICE BUILDING

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New

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