For Multi Family

137 Valpeck Ave,Raritan Boro, NJ 08869-1715

June 9, 2026

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 ID:PT-46668080-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 499,900 $

Bedrooms:3

Year Built:1947

Listing Details

Status: Active

Location

County: Somerset

Lotsize: 97X116

Lot Identifier: 29

Lot Description: Level Lot

Lot Identifier: 29

Home Details

Open Parking: 6

Basement: Yes

Basmnt/Desc: Yes - Bilco-Style Door, Full, Unfinished

Acreage: 0.26

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 7

Easement/Desc: Yes

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle

Possesion: negotiable

Unit 1 Appliances/Equipment: Ceiling Fan(s), Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water

Unit 1 Handicap: No

Unit 1 Room Description: Bedrooms, Kitchen, Living Room, Porch

Unit 2 Appliances/Equipment: Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 4

Unit 2 Rooms: 4

Unit 2 Beds: 1

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water

Unit 2 Handicap: No

Unit 2 Rent: 950

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

Color of Building: white

Garage Description: Detached Garage, Garage Door Opener

Number of Garage Spaces: 2

Block Identifier: 79

County Number: 27

Town Number: 2716

YB/Desc: 1947 - Approximate

Color of Building: white

Easement: Yes

Parking/Driveway Description: 2 Car Width, Blacktop

Block Identifier: 79

County Number: 27

Town Number: 2716

Possession: negotiable

Taxes, Fees & Assessments

Warranty: No

Tax ID For Property: 2716-00079-0000-00029-0000-

Tax Amount: $8,496.00

Tax Year: 2025

Tax Rate: 3.042%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $126,800.00

Building Assessment: $152,500.00

Total Assessment: $279,300.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 1 Unit, Radiators - Steam

Cool System: 1 Unit, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Schools

High School: BRIDG-RAR

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Listing Details

137 Valpeck Ave,Raritan Boro, NJ 08869-1715

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