259 Matawan Ave

Baths
2,288 Sq. Ft.
$393 / Sq. Ft.
2,288
Sq. Ft.
$393
per Sq. Ft.

Description

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!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!
  1. Listed by Kyle Golden • C21 Thomson & Co.

Property Details for 259 Matawan Avenue

Complex/Subdivision
None
Waterview
No
Directions
GPS
LISTING UPDATED: 02/05/2026 05:33 PM

Property Details for 259 Matawan Avenue

StatusActive
MLS #22602987
Days on Market5
Taxes$11,140 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex
Year Built1950
Lot Size0.17 AC / 7,405 SF
CountyMonmouth County

Location

Listing Courtesy of C21 Thomson & Co.
Add your commute

Building Information for 259 Matawan Avenue

Stories2Residences2Year Built1950Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$5,310 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,382

Property Taxes

$928

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 259 Matawan Avenue

Summary
Location and General Information
  • Area/Section: Matawan
  • Postal City: Matawan
  • State: NJ
  • Municipality: Matawan (MAT)
  • Middle School: Matawan Avenue
  • # Units in Bldg: 2
  • Block: 96
  • Apx Year Built: 1950.0
Parking
  • Garage: None
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 31-00096-0000-00002
  • Taxes: $11,140.00
  • Tax Year: 2025
Property
Lot Information
  • Apx SqFt: 2288.0
  • # Acres: 0.17
  • Lot: 2
  • Lot Dimensions: 50 x 150
Property and Assessments
  • Assessment - Total: 533800.0
  • Assessment - Improvements: 273700.0
  • Assessment Status: Assessed
  • Asmnt - Land: 260100.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Duplex
Utilities
  • Water Heater: Natural Gas
  • Water/Sewer: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
Interior Features
  • # Levels: 2
  • Basement: Other, Walk-Out Access
  • Bedrooms: 5
Multi Family
Unit 1
  • Unit 1: # Bedrooms: 3
  • Unit 1: # Full Baths: 1
Unit 2
  • Unit 2: # Bedrooms: 2
  • Unit 2: # Full Baths: 1

Property History for 259 Matawan Avenue

DateEvent & SourcePriceAppreciation
Feb 2, 2026

Listed (Active)

MOMLS #22602987

$899,000
Jul 3, 2025

Closed (Public Record)

Public Record #1906830376

$499,000
Jul 3, 2025

Closed (Public Record)

Public Record #1906830376

$499,000

+407051.8% / yr

Jul 1, 2025

Closed

MOMLS #22505799

$499,000
Jul 1, 2025

Closed

MOMLS #22507649

$499,000
May 28, 2025

Pending

MOMLS #22505799

May 28, 2025

Pending

MOMLS #22507649

Mar 19, 2025

Listed (Active)

MOMLS #22507649

$499,000
Mar 3, 2025

Listed (Active)

MOMLS #22505799

$499,000
Jan 30, 2025

Closed (Public Record)

Public Record #1551993793

$15,000

-17.0% / yr

Apr 22, 2008

Closed (Public Record)

Public Record #555056948

$345,000
Apr 22, 2008

Closed

MOMLS #20725637

$345,000
Jun 15, 2007

Listed (Active)

MOMLS #20725637

$379,900
DateEvent & SourcePrice
02/02/2026

Listed (Active)

MOMLS #22602987

$899,000
07/03/2025

Closed (Public Record)

Public Record #1906830376

$499,000
07/03/2025

Closed (Public Record)

Public Record #1906830376

$499,000

+407051.8% / yr

07/01/2025

Closed

MOMLS #22505799

$499,000
07/01/2025

Closed

MOMLS #22507649

$499,000
05/28/2025

Pending

MOMLS #22505799

05/28/2025

Pending

MOMLS #22507649

03/19/2025

Listed (Active)

MOMLS #22507649

$499,000
03/03/2025

Listed (Active)

MOMLS #22505799

$499,000
01/30/2025

Closed (Public Record)

Public Record #1551993793

$15,000

-17.0% / yr

04/22/2008

Closed (Public Record)

Public Record #555056948

$345,000
04/22/2008

Closed

MOMLS #20725637

$345,000
06/15/2007

Listed (Active)

MOMLS #20725637

$379,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 259 Matawan Avenue

Taxable ValueLand$260,100Additions$273,700Total$533,800
Tax Record2024$10,727 ($894 / month)
Home Facts
Beds3Total Finished SqFt2,288 SqFtAbove Grade Finished SqFt2,288 SqFtStories2Lot Size7,500 SqFtStyleSingle Family ResidenceYear Built1950ZoningR100CountyMONMOUTHAPN31 00096-0000-00002

Schools near 259 Matawan Avenue

This home is within Matawan-Aberdeen Regional School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Ravine Drive Elementary School
PublicPK to 3

Matawan Aberdeen Mid School
Public6 to 8

Matawan Reg High School
Public9 to 12

Cliffwood Ave School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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259 Matawan Avenue is a multi-family home for sale in Matawan, NJ 07747. This property was listed for sale on February 3, 2026 by C21 Thomson & Co., it's currently listed at $899,000. It has been on the market for a total of 5 days and was last sold on July 3, 2025. This listing's school district is Matawan-Aberdeen Regional School District. Nearby schools include Ravine Drive Elementary School, Matawan Aberdeen Mid School and Matawan Reg High School. 259 Matawan Avenue is a 5-bed, 0-bath, 2,288 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of C21 Thomson & Co.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.