Sold

$530,000

Original list price: ~~$499,900~~

Sold

137 Va••••• Ave (Sign up for 50 free credits to unlock)Raritan, NJ 08869

3Beds

2Baths

-Sq Ft Living

11,326Sq Ft Lot

1947Year Built

Property Description

Charming Owner-Occupied Two-Family Home with Income Potential!Nestled in a quiet neighborhood, this well-maintained two-family home has been lovingly owned by the same family since 1947. The first-floor owner's unit features two spacious bedrooms, a bright living room, an updated kitchen, a full bath, and access to a full unfinished basement with convenient Bilco doors offering excellent storage and expansion possibilities.The second-floor apartment includes one bedroom, a living room, and a kitchen and has been consistently rented for several years. The current tenant would be happy to remain, providing immediate rental income for the new owner.Enjoy outdoor living on the spacious open side porch overlooking the large backyard. A detached two-car garage and generous yard offer plenty of room for recreation, gardening, or future expansion. With ample space to add on, this property presents exciting possibilities for growth.An ideal opportunity for an owner-occupant looking to live in one unit while generating rental income from the other. Let the upstairs rent help offset your mortgage while you enjoy all the benefits of homeownership.Don't miss this rare opportunity to own a solid, long-term family-owned property with tremendous potential!

Property Facts & Features

Property Type: Multi Family
Status: Sold
Listed: Jun 8, 2026
Sold: Aug 6, 2026
List Price: $499,900
ZIP Code: 08869
Full Baths: 2
Stories: 2
Garage: 2 spaces
Parking: 2
Heating: 1 Unit, Radiators Steam
Cooling: 1 Unit, Central Air
Property Tax (2026): $8,870/yr
Assessed Value: $279,300
County: Somerset
School District: Bridgewater-Raritan Regional School District

Estimated Value

$526,000Range $447,405 to $586,200

Automated estimate. Not an appraisal.

Features & Amenities

Bedrooms

Bedrooms: 3

Bathrooms

Total Bathrooms: 2.00
Full Bathrooms: 2

Land Info

Lot Description: Level Lot
Lot Size Acres: 0.26
Lot Size Dimensions: 97X116
Lot Size Square Feet: 11326

Utilities

Sewer: Public Sewer
Water Source: Public Water

Other Rooms

Total Rooms: 7
Basement Description: Bilco-Style Door, Full, Unfinished

Home Features

Other Equipment: Gas

Multi-Unit Info

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Unit-1 Description: Bedrooms, Kitchen, Living Room, Porch
Unit-2 Description: Bedrooms, Kitchen, Living Room
Unit-1 Furnished Description: Ceiling Fan(s), Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Unit-2 Furnished Description: Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Total Actual Rent: 950

Interior Features

Carbon Monoxide Detector
Carpeting
Smoke Detector
Vinyl-Linoleum Floors
Wood Floors

Garage and Parking

Driveway: 2 Car Width, Blacktop
Garage Spaces: 2
Garage Description: Detached Garage, Garage Door Opener
Parking Total: 6

School Information

High School: BRIDG-RAR

Heating and Cooling

Cooling Features: 1 Unit, Central Air
Heating Features: 1 Unit, Radiators - Steam
Heating Fuel: Gas-Natural

Other Property Info

Annual Tax Amount: 8496
Source Listing Status: Sold
County: Somerset
Directions: Somerset St to Gaston Ave to Navatto St to Valpeck Ave. House on left sign on property.
Tax Year: 2025
Exclusions: Tenants possessions
Home Warranty: No

Accessibility Features

Access: Yes

Building and Construction

Year Built: 1947
Building Exterior Type: Aluminum Siding
Property Age: 79
Roof: Asphalt Shingle
House Style: 2-Two Story
Year Built Details: Approximate

Exterior and Lot Features

Open Porch(es)
Porch: Yes

Price & Event History

Date	Event	Price	$/Sq Ft
Aug 9, 2026	Sold	$530,000	$393
Aug 6, 2026	Listing removed	-	-
Jun 8, 2026	Listed	$499,900	-

Property Tax History

Year	Tax	Assessed	Land	Building	Market
2026	$8,870	$279,300	$126,800	$152,500	$454,960
2025	$8,496	$279,300	$126,800	$152,500	$454,960
2024	$8,339	$279,300	$126,800	$152,500	$420,316
2023	$7,951	$279,300	$126,800	$152,500	$370,277
2022	$7,725	$279,300	$126,800	$152,500	$348,689
2021	$7,261	$279,300	$126,800	$152,500	$316,451
2020	$7,147	$279,300	$126,800	$152,500	$307,430
2019	$7,122	$279,300	$126,800	$152,500	$307,430
2018	$6,845	$279,300	$126,800	$152,500	$297,349
2017	$6,664	$279,300	$126,800	$152,500	$291,058
2016	$6,535	$279,300	$126,800	$152,500	$291,697
2015	$6,259	$279,300	$126,800	$152,500	$279,972

Nearby Schools

6/10
John F. Kennedy Elementary School
Public · Elementary · Grades K-4
0.4 mi
7/10
Bridgewater Raritan High School
Public · High · Grades 9-12
1.8 mi
7/10
Bridgewater-Raritan Middle School
Public · Middle · Grades 7-8
3.0 mi
NR
St. Ann Elementary School
Private · Elementary, Middle · Grades K-8
0.3 mi