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!
Active
$499,900
137 Valpeck Ave, Raritan Boro, NJ 08869
3beds
--sqft
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated kitchenDetached two-car garageTwo spacious bedrooms
- 10 days |
- 1,320 |
- 93 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Constance Radlof 732-310-7355,
Bhhs Fox & Roach
Source: GSMLS,MLS#: 4033189
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- 1 Unit, Radiators - Steam, Natural Gas
Cooling
- 1 Unit, Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range/Oven - Gas, Refrigerator, Washer, Gas Water Heater
Features
- Bedrooms, Kitchen, Living Room, Ceiling Fan(s)
- Flooring: Carpet, Vinyl-Linoleum Floors, Wood
- Basement: Yes,Bilco-Style Door,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 6
- Parking features: 2 Car Width, Asphalt, Detached Garage, Garage Door Opener
- Garage spaces: 2
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch(es), Porch
Lot
- Size: 0.26 Acres
- Dimensions: 97 x 116
- Features: Level
Details
- Parcel number: 2716000790000000290000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1947
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Security: Smoke Detector(s), Smoke Detector, Carbon Monoxide Detector
Location
- Region: Raritan
Financial & listing details
- Tax assessed value: $279,300
- Annual tax amount: $8,496
- Date on market: 6/9/2026
- Exclusions: Tenants possessions
- Total actual rent: 950
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $499,900 |
Source:  GSMLS #4033189 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,340 | $279,300 |
| 2024 | $8,340 +4.9% | $279,300 |
| 2023 | $7,952 +9.5% | $279,300 |
| 2022 | $7,262 | $279,300 |
| 2021 | -- | $279,300 |
| 2020 | $7,122 +8.1% | $279,300 |
| 2019 | $6,589 | $279,300 |
| 2018 | $6,589 +2.8% | $279,300 |
| 2017 | $6,408 +2.4% | $279,300 |
| 2016 | $6,259 -0.3% | $279,300 |
| 2015 | $6,279 -2% | $279,300 |
| 2014 | $6,410 +0.3% | $279,300 |
| 2013 | $6,388 +0.7% | $279,300 |
| 2012 | $6,343 +1% | $279,300 |
| 2011 | $6,279 +3.8% | $279,300 |
| 2010 | $6,050 +6.1% | $279,300 |
| 2009 | $5,703 | $279,300 |
| 2008 | -- | $279,300 |
| 2007 | -- | $279,300 -0.4% |
| 2006 | -- | $280,300 |
| 2005 | -- | $280,300 +89.6% |
| 2004 | $4,007 | $147,800 |
| 2003 | -- | $147,800 |
| 2002 | -- | $147,800 |
| 2001 | -- | $147,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 08869
Nearby schools
GreatSchools rating
- 6/10John F. Kennedy Elementary SchoolGrades: K-4Distance: 0.4 mi
- 7/10Bridgewater-Raritan Middle SchoolGrades: 7-8Distance: 3 mi
- 7/10Bridgewater Raritan High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- High: Bridg-rar
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New Jersey
- Somerset County
- Raritan
- 08869
- 137 Valpeck Ave
Nearby cities
Nearby zip codes
Other Raritan Topics
