High-income producing 2-Family on a large lot generating $80,000+ annually. This updated up/down property features two units, each offering 2 bedrooms and 1 full bath with laundry in each unit. Additionally, a rare attached 4-car garage with 15-foot-high doors (four separate bays/doors) rented separately. The upper unit showcases a bright living room with cathedral ceilings, two skylights, and carpeting. The kitchen/dining area offers laminate flooring, cherry cabinetry, and a full appliance package including range, overhead microwave, dishwasher, and refrigerator. The updated bath features espresso-toned cabinetry, granite countertop, square sink, tile flooring, and a tub/shower surround. Bedrooms include generous closets. Enjoy bonus space with a large finished walk-in attic ideal for storage, office, or flex use. Extensive interior updates were completed including windows, roof, kitchen, bath, sheetrock, some plumbing & electrical. Conveniently located near buses, train station, shopping, and major roadways a standout opportunity for owner-occupants or investors seeking strong cash flow and uncommon garage income potential.
For sale
$849,000
49B Middlesex Rd, Matawan, NJ 07747
4beds
2baths
1,499sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$841,300 Zestimate®
$566/sqft
$-- HOA
What's special
- 2 days |
- 172 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: 12 hours ago
Listed by:
SUSAN MARCRIE,
RE/MAX INNOVATION 732-298-6006
Source: All Jersey MLS,MLS#: 2611242R
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard, Radiant, Baseboard Hotwater
Cooling
- None
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer)
Features
- Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks)
- Basement: Crawl Only
Interior area
- Total structure area: 1,499
- Total interior livable area: 1,499 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage, Attached, Detached, See Remarks, 1-2 Car Parking, Paved
- Attached garage spaces: 4
Features
- Stories: 2
- Exterior features: Yard, Private Entrance
Lot
- Size: 0.33 Acres
- Dimensions: 202.00 x 0.00
- Features: Near Shopping, Near Train, Easements/Right of Way, Near Public Transit
Details
- Parcel number: 1503236260002111
- Zoning: R20
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1950
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer, Sewer Charge
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Matawan
Financial & listing details
- Price per square foot: $566/sqft
- Annual tax amount: $10,330
- Date on market: 2/23/2026
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
$841,300
$799,000 - $883,000
$2,591/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Listed for sale | $849,000$566/sqft |
Source:  All Jersey MLS #2611242R Report a problem | ||
| 4/11/2025 | Listing removed | $2,350$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/1/2025 | Listed for rent | $2,350+2.2%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/20/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/4/2024 | Listed for rent | $2,300$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,068/mo
Principal & interest
$3957
Property taxes
$1111
Climate risks
Neighborhood: Morristown
Nearby schools
GreatSchools rating
- 5/10Ravine Drive Elementary SchoolGrades: PK-3Distance: 0.2 mi
- 6/10Matawan Aberdeen Mid SchoolGrades: 6-8Distance: 1.3 mi
- 3/10Matawan Reg High SchoolGrades: 9-12Distance: 1.5 mi
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