Pending

Price cut: $50K (2/18)

$849,000

259 Matawan Avenue, Matawan, NJ 07747

5beds

2,288sqft

Est.:

Duplex

Built in 1950

-- sqft lot

$-- Zestimate^®

$371/sqft

$-- HOA

What's special

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!

55 days

53

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Baseboard

Cooling

Other

Features

Basement: Walk-Out Access,Other

Interior area

Total structure area: 2,288
Total interior livable area: 2,288 sqft

Property

Parking

Parking features: None

Features

Stories: 2

Lot

Size: 7,405.2 Square Feet
Dimensions: 50 x 150

Details

Parcel number: 3100096000000002

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Condition

Year built: 1950

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: None

Location

Region: Matawan

Financial & listing details

Price per square foot: $371/sqft
Tax assessed value: $533,800
Annual tax amount: $11,140
Date on market: 2/3/2026

Estimated market value

Not available

Estimated sales range

Not available

$2,908/mo

Price history

Date	Event	Price
2/27/2026	Pending sale	$849,000$371/sqft
Source: MoreMLS #22602987 Report a problem
2/18/2026	Price change	$849,000-5.6%$371/sqft
Source: MoreMLS #22602987 Report a problem
2/3/2026	Listed for sale	$899,000+80.2%$393/sqft
Source: MoreMLS #22602987 Report a problem
10/1/2025	Listing removed	$2,975$1/sqft
Source: MoreMLS #22521025 Report a problem
9/12/2025	Price change	$2,975-4%$1/sqft
Source: HomeServices Property Management Report a problem
8/13/2025	Price change	$3,100-3.1%$1/sqft
Source: HomeServices Property Management Report a problem
7/16/2025	Listed for rent	$3,200$1/sqft
Source: HomeServices Property Management Report a problem
7/1/2025	Sold	$499,000$218/sqft
Source: MoreMLS #22505799 Report a problem
4/2/2025	Pending sale	$499,000$218/sqft
Source: MoreMLS #22507649 Report a problem
3/3/2025	Listed for sale	$499,000+3226.7%$218/sqft
Source: MoreMLS #22505799 Report a problem
2/14/2025	Sold	$15,000-95.7%$7/sqft
Source: Public Record Report a problem
6/9/2008	Sold	$345,000$151/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,653 +8.6%	$533,800 +8.6%
2024	$10,727 +2.8%	$491,400 +2.4%
2023	$10,437 +4.6%	$480,100 +20.1%
2022	$9,977 +4.4%	$399,700 +13.6%
2021	$9,556 +5.3%	$351,700 +3.3%
2020	$9,072 +0.4%	$340,500 +2.5%
2019	$9,033	$332,300 +2.1%
2018	$9,033 +7%	$325,500 +4%
2017	$8,442 +10.4%	$313,100 +2.2%
2016	$7,647 +0%	$306,300 +9.5%
2015	$7,644 -3.2%	$279,600 -0.3%
2014	$7,900 +1.1%	$280,500 -11.4%
2013	$7,811 +1.7%	$316,500
2012	$7,681 +1.1%	$316,500
2011	$7,599 +2.7%	$316,500
2010	$7,403 +1.7%	$316,500
2009	$7,283	$316,500
2008	--	$316,500 +167.8%
2007	--	$118,200
2006	--	$118,200
2003	--	$118,200
2002	--	$118,200
2001	--	$118,200