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For sale
    • Price cut: $24K (4/24)
    $825,000

    49B Middlesex Rd, Matawan, NJ 07747

    4beds
    2baths
    1,499sqft
    : Get pre-qualified
    Multi Family
    Built in 1950
    -- sqft lot
    $359,700 Zestimate®
    $550/sqft
    $-- HOA

    What's special

    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.
    93 days
    |
    416
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    SUSAN MARCRIE,

    RE/MAX INNOVATION 732-298-6006

    Source: All Jersey MLS,MLS#: 2611242RMLS Logo

    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: $550/sqft
      • Annual tax amount: $10,330
      • Date on market: 2/23/2026
      • Ownership: Fee Simple
      • Electric utility on property: Yes

        Estimated market value

        $359,700

        $309,000 - $410,000

        $2,610/mo

        Price history

        DateEventPrice
        4/24/2026Price change$825,000-2.8%$550/sqft
        Source: All Jersey MLS #2611242R Report a problem
        2/24/2026Listed for sale$849,000$566/sqft
        Source: All Jersey MLS #2611242R Report a problem
        4/11/2025Listing removed$2,350$2/sqft
        Source: Zillow Rentals Report a problem
        4/1/2025Listed for rent$2,350+2.2%$2/sqft
        Source: Zillow Rentals Report a problem
        2/20/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/4/2024Listed for rent$2,300$2/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: Morristown

          Getting around

          42 / 100
          Car-Dependent
          33 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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