133 Aberdeen Rd - Apartments FOR SALE


Matawan, NJ 07747
$4,100,000 USD
732-740-7939
133 Aberdeen Rd, Matawan, NJ for Sale
$4,100,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

133 Aberdeen Rd
Matawan, NJ 07747


HIGHLIGHTS

  • Townhome-Style Multifamily Asset – 11-unit community consisting entirely of large two-bedroom, 2.5-bath three-story townhomes with private entrances.
  • Large Residential Layouts – Units average approximately 1,530 SF including attached garages, significantly larger than typical garden-style apartments
  • Below Market Rents – Current rents are approximately 15–18% below comparable two-bedroom rentals in the surrounding submarket.
  • Efficient Operations – Built in 2001 with separate utilities, private entrances and attached garages for each residence.
  • Strong Suburban Location – Minutes to Garden State Parkway Exit 120 and approximately 1.3 miles to Aberdeen-Matawan NJ Transit.
  • Multiple Exit Strategies – Opportunity for long-term hold with rent growth potential or future condominium conversion.

OVERVIEW

Aberdeen Woods Townhomes is an 11-unit townhome-style multifamily community located in the Aberdeen / Matawan submarket of Monmouth County, New Jersey. Built in 2001, the property consists entirely of three-story two-bedroom, 2.5-bath townhome residences with private entrances, attached garages, separate utilities, and individual decks. The residences average approximately 1,530 square feet including attached garages (~1,230 SF interior living space), offering significantly larger layouts than typical garden-style apartments in the surrounding market. The property produces stable in-place income with an opportunity for additional NOI growth through rent alignment with comparable two-bedroom rentals in the submarket. Current rents are estimated to be approximately 15–18% below market levels, providing a clear path to revenue growth as leases roll. Aberdeen Woods is located in Northern Monmouth County, with convenient access to the Garden State Parkway and the Aberdeen-Matawan NJ Transit Station, providing connectivity to employment centers in both Monmouth and Middlesex Counties. With limited competing townhome-style rental inventory in the immediate submarket, Aberdeen Woods offers investors the opportunity to acquire a well-located suburban multifamily asset with stable income and measurable rent growth potential.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

11

PRICE/UNIT

$372,727

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aberdeen Woods Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2001

PARKING SPACES

32

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

Commercial

APN/PARCEL ID

01-00154-0000-00015

ASK ABOUT THIS PROPERTY

Chez EiderMarcus & MillichapMore Info
732-740-7939

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Chez EiderMarcus & MillichapMore Info
732-740-7939

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.