$399,000
●
House -
For Sale
42 Park Avenue
Matawan, NJ 07747
2 Beds
1 Bath
$2,580
Est. Monthly
About This Property
Opportunity Knocks in Matawan, NJ! This property offers endless
potential for buyers ready to bring their vision to life, customize
to their taste, and build equity. Situated on a dead-end street,
this home features a functional layout, full basement, driveway
with parking for multiple cars, and a spacious private yard
providing a great start for creating a home tailored to your needs.
Enjoy convenient access to downtown shops, local restaurants,
schools, churches, lakes, parks, the NJ Transit train station, and
major highways, including the Garden State Parkway. Whether
you're looking to invest in real estate or create a home of your
own, this property is full of possibilities! Bring your ideas,
explore the potential, and make your offer!
Unit Size
-
Days on Market
28 days
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$620
HOA Dues
-
Year Built
1928
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 29 days ago (MOMLS #22632045)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Listed by Weichert Realtors-Manalapan | $399,000 | |
| Listed by Weichert Realtors-Manalapan | |||
| Sep 27, 2021 | Sold | ||
| Sold | |||
| Aug 12, 2021 | Listed by Weichert Realtors-Sea Girt | $225,000 | |
| Listed by Weichert Realtors-Sea Girt | |||
| | |||
|
WELCOME HOME to beautiful Matawan! This 2 BR 1 BA home is the perfect starter home for someone willing to see its potential. Needs some TLC so bring your contractor. ONLY BEING SOLD-AS IS. BUYER RESPONSIBLE FOR TOWNSHIP CERTFICATE OF OCCUPANCY. Complete with a full basement and located on a dead end street. Driveway parks several cars. Also included is detached one car garage. Schedule your showing today!
| |||
Property Highlights
Garage
Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Gravel, Unpaved, Driveway, Off Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: Attic
Flooring Type: Wood
Door Features: Storm Door(s)
Rooms: 6
Basement: Full, Unfinished
Exterior Details
Architectural Style: Craftsman, Detached
Year Built: 1928
Other Structures: Misc Building
Window Features: Bay/Bow Window
Patio and Porch Features: Covered
Lot Features: See Remarks, Back to Woods, Dead End Street
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5227.2
Lot Size Dimensions: 45 x 112
Water Source: Public
Financial Details
Tax Assessed Value: $377,300
Tax Annual Amount: $7,442
Utilities Details
Cooling Type: None, Multi Units
Heating Type: Natural Gas, Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Trash
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Matawan
Similar Homes for Sale
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Listed by: Raquel Collaguazo, Weichert Realtors-Manalapan
Last Updated: 29 days ago
Data Source: MOMMLS, MLS# 22632045
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 29 days ago
Data Source: MOMMLS, MLS# 22632045
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