Matawan Real Estate Search

Matawan Multi-Family Properties for Sale

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Newest Matawan Multi-Family Homes for Sale

$1,690,000
8 Beds 4 Baths 4036766 MLS
THE HISTORIC "CORNELIA HOUSE" IS FOR SALE! JUST A SHORT WALK DOWNTOWN, THIS 1865 QUEEN ANN VICTORIAN HAS ALL THE CHARM AND GRANDER OF YESTER YEAR WITH SOME OF TODAY'S MODERN UPDATES. JUST RENOVATED, THIS GRAND, 3 STORY, 4 FAMILY HAS APPROXIMATELY 6000 SQ FT OF LIVING SPACE, FULL WALK OUT UNFINISHED BASEMENT, DETACHED 2 CAR GARAGE WITH CIRCULAR DRIVEWAY WITH PLENTY OF PARKING AND SITS ON A LARGE LEVEL PRIVATE LOT. UNIT 1 FEATURES 2/3 BEDROOMS, APPROX 1500 SQ.FT, UNIT 2 IS A 1 BEDROOM, UNIT 3 IS A 2 BEDROOM AND UNIT 4 IS APPROX 2000 SQ FT 3 BEDROOM WITH BEAUTIFUL MOUNTAIN VIEWS AND A GREAT VIEW OF BOONTON RESERVOIR. ALL UNITS HAVE NEW CUSTOM KITCHENS, CUSTOM BATHROOMS, LUXURY VINYL FLOORING, LED LIGHTING AND ARE LOADED WITH CHARM. UNITS 1 & 4 FEATURE NEW NATURAL GAS HEAT AND CENTRAL AIR, UNIT 2 & 3 FEATURE NEW SPLIT AIR HEAT AND AC SYSTEMS. ALL NEW WINDOWS AND ALL UNITS HAVE NEW ELECTRIC HOT WATER HEATERS. ALL HAVE SEPARATE ELECTRIC. SEWER AND WATER IS SHARED. MOST OF THE ELECTRIC AND PLUMBING IS NEW. DETACHED 2 CAR GARAGE WITH OPENERS AND NEW CIRCULAR DRIVEWAY. ORIGINAL SLATE ROOF REMAINS AND IS IN GOOD CONDITION. THIS PROPERTY WOULD BE A GREAT INVESTMENT OR AMAZING HOME TO RESIDE IN,LIVE IN 1UNIT AND COLLECT 3 INCOMES! PROPERTY CURRENTLY FULLY OCCUPIED. THE REAR PROPERTY LINE FRONTS THE ROAD BEHIND THE HOME WHICH MAKES THIS A POSSIBLE SUB DIVISION. CLOSE TO PUBLIC TRANSPORTATION, MAJOR ROUTES AND SHOPPING. DON'T MISS THIS RARE OPPORTUNITY!

314 Cornelia St, Boonton Town

$2,499,000
7 Beds 5 Baths 4035815 MLS
Stunning Puddingstone Victorian blending modern luxury and old-world charm. Beautifully restored top to bottom: new flooring, mechanicals, central air, custom built-ins, and high-end finishes throughout. Iconic details include carved woodwork, custom arched front doors, copper accents, and purple-hued puddingstone that sparkles in the sun. A rare chance to own historic architecture with every modern comfort while near shops, restaurants, parks, and NJ Transit. Currently a two-family home. Unit #1 (ground + lower level): 3 BR, 2 BA with historical character flowing into an open-concept kitchen with center island and dining/living space. First-floor bedroom features a decorative fireplace and oversized floor-to-ceiling windows. Lower level walks out to a covered patio, backyard, and private parking with two EV charging stations. Unit #2 (2nd + 3rd level): 4 BR, 3 BA with exquisite finishes and thoughtful design. Stylish kitchen with high-end appliances and ample storage. Show-stopping primary suite boasts 20' cathedral ceilings, exposed wood beams, a dressing area, walk-in closet, and stunning en suite. Curb appeal is an understatement for this property with fresh new landscaping, private parking with charging stations, rear deck and a spacious backyard area! Prime location allows you to embrace the best of suburban living with direct access to Main Street in Madison, fun neighboring towns, and a just quick trip to NYC!

49 Park Ave, Madison Boro

$670,000
4 Beds 2 Baths 4034239 MLS
**Historic Charm Meets Modern Convenience in Downtown Somerville**Rare opportunity to own a charming two-unit home in the heart of Somerville, offering historic character, strong income potential, dedicated parking, and low-maintenance ownership just moments from vibrant downtown.This multifamily property blends timeless craftsmanship with thoughtful updates. The first-floor unit features a spacious 1-bedroom, 1-bath layout with a living room, formal dining room, and kitchen. Currently occupied by long-term tenants paying $2,000/month, this unit also offers potential to be reconfigured into a 2-bedroom layout for added future value.The recently renovated second-floor unit offers 2 bedrooms, 1 full bath, and a versatile bonus room ideal for an office, flex, workout space, or storage. Highlights include restored original hardwood floors, fresh paint, updated lighting, and preserved historic charm. Prior to renovations, rent was $2,450/month.Each unit has two entrances, creating added privacy. Enjoy the wraparound porch with low-maintenance composite deck, a large dry basement with laundry hookups, and ample storage.Located near NJ Transit with direct NYC service and close to Somerville's restaurants, shops, cafes, and entertainment. Each unit includes two dedicated off-street parking spaces, and a long-standing shared parking arrangement provides lawn care, snow removal, parking lot repairs, and lot maintenance, saving the owner an estimated $5,000 annually.

185 W Cliff St, Somerville Boro

$669,900
3 Beds 2 Baths 4032283 MLS
Great Investment opportunity in this well maintained 2 family with detached 2.5 car garage located in one of Raritan's best neighborhoods! Or live in one side and keep the other side rented to help offset your mortgage... Completely renovated (2022) second floor (unit 2). All renovations done with approved town permits. Lead safe certificates in place. Big level fenced-in backyard with screened-in patio, open air patio, nice landscaping, and relaxing sunset views. Unit 1 on the first floor features a large living room, spacious eat-in kitchen with lots of cabinets and counter top space, two bedrooms, beautiful hardwood floors, full bath, large finished basement with separate laundry/utility room, enclosed side porch with entry to the driveway and yards, and private off-street driveway parking. Unit 2 features a beautiful new kitchen with stone counter tops, stainless steel appliances, and recessed lighting, gorgeous new full bath, living room, spacious bedroom with ceiling fan and brand new closet, new stylish laminate flooring, fresh paint, window AC units and private off-street driveway parking. Commuter's delight - close to Raritan Train Station with NYC service, Park and Ride Bus Service, & major highways. Only a few minute walk to downtown Raritan's shops and restaurants, and recreational opportunities at nearby Duke Island Park. A five minute drive to popular downtown Somerville's dining, shopping and events, and the Bridgewater Commons Mall. More pictures coming soon

11 Meehan Ave, Raritan Boro

$649,500
6 Beds 2.1 Baths 4029357 MLS
Opportunity knocks in desirable Maplewood with this 2-family fixer-upper w/ 6 rooms and 2.5 baths located on a corner lot with a double garage. Offering strong upside for investors, contractors, or owner-occupants looking to create value. This property offers approximately 2,100+ sq ft of living space and is currently configured with a 3-bedroom first-floor unit with the ability to convert into a 4 bedroom by converting the kitchen into a bedroom and having an open plan kitchen concept in the dining/living toom or the dining room into a bedroom. Large full basement with 2 additional rooms and the possibility to add a 3rd room, half bathroom and a large recreational area. The second floor has a spacious 1-bedroom second unit with potential for a 2-bedroom reconfiguration. The home is dated and in need of repairs and updates throughout. This is an ideal project for a buyer with vision who can restore and reposition the asset for owner-occupancy, rental income, or long-term appreciation with an after repair value of $950K+. Conveniently located near Maplewood amenities, parks, shopping, dining, and commuter routes, this property offers a rare chance to unlock value in a highly sought-after Essex County location. The buyer is responsible for conducting their own due diligence and for complying with municipal requirements. This property maybe eligible for a grant from our approved lenders. LA has a legal interest in the property.

12 Hillcrest Rd, Maplewood Twp.

$749,900
6 Beds 3.1 Baths 4026904 MLS
Welcome to this beautifully renovated 2-family home in the heart of Dover, NJ, a rare find for the savvy investor or owner-occupant looking to offset their mortgage and build long term wealth. With market rents at $3,800/month per unit, this property delivers an impressive 10% cap rate. Live in one unit and let your tenant cover the bulk of your mortgage, dramatically reducing your cost of living while your investment appreciates. The owner-occupied unit was taken down to the studs with new insulation, sheetrock, plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures throughout. Soaring 9-foot ceilings, two beautifully renovated bathrooms, and a finished attic serving as a 4th bedroom and recreation room add serious square footage and flexibility for any lifestyle. The second unit mirrors the first, featuring luxury vinyl plank floors, 9-foot ceilings, fresh paint, and updated finishes throughout, move-in ready and highly rentable from day one. Both units have fully separate utilities and mechanicals, keeping operating costs cleanly divided between tenants. Steps from Dover's vibrant downtown, shops, restaurants, major highways, and the NJ Transit direct train to NYC, this is an easy sell to commuter tenants and a lifestyle win for owner-occupants. Classic Victorian charm, bay windows, covered porches, and a detached 2-car garage complete this exceptional package. Properties at this cap rate don't last.

82 Pequannock St, Dover Town

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