Custom Duplex With
For Sale
$1,199,000
1 Holly Acres Drive, Brick, NJ 08723
Residential, Duplex, Brick, NJ
Property Size3,108 SF
Lot Size0.19 Acres
Price / SF$385.78
Days on Market21
Property Features for 1 Holly Acres Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 5, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 3, Laundry Room, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement
Window features
Skylight(s)
Patio and Porch features
Deck
Interior features
Attic - Pull Down Stairs, Bonus Room, In-Law Floorplan
Fireplace
1
Basement
Unfinished
Subdivision
Shore Acres
Lot features
Corner Lot
View
Water
Directions
Drum Point to Holly Acres on the Corner .
Standard status
Active
APN
07-00269-0000-00001
Size
3,108 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10180
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Zoned
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Flooring type
Tile, Wood
Architectural style
Other
Listing Agency:
Keller Williams Realty Spring Lake
(848) 220-7120
Listed By:
Patricia Brady
(848) 220-7120
Added: Jul 31
Changed: Aug 19
Last Checked: Aug 20 at 10:06PM
MLS# 22623455
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This custom duplex features a total of 6 bedrooms and 3.5 bathrooms, with layouts designed for comfort and flexibility. The right side offers an open-concept arrangement with a bright living room including a fireplace, a modern kitchen with granite countertops and stainless steel appliances, and a full bathroom. The left side includes 4 bedrooms and 2.5 bathrooms. Hardwood flooring runs through most of the home, supporting a cohesive interior feel.
Set on a 0.19-acre lot and built in 1985, the property totals 3,108 square feet. Comfort features include natural gas forced-air heating and zoned central air cooling. Additional interior details include an in-law floorplan, a bonus room, and an attic with pull-down stairs. Outdoors, there is a deck, and the home is served by public water and public sewer.
Located moments from the water, the property also presents the opportunity to join the Shore Acres Beach Club.
Set on a 0.19-acre lot and built in 1985, the property totals 3,108 square feet. Comfort features include natural gas forced-air heating and zoned central air cooling. Additional interior details include an in-law floorplan, a bonus room, and an attic with pull-down stairs. Outdoors, there is a deck, and the home is served by public water and public sewer.
Located moments from the water, the property also presents the opportunity to join the Shore Acres Beach Club.
Key Highlights
- 3,108 SF custom duplex on a 0.19‑acre lot
- 6 bedrooms and 3.5 bathrooms across two sides
- Fireplace in the right‑side living room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,040,320
$1.0M
Cap Rate 7%
$743,086
$743.1K
Cap Rate 9%
$577,956
$578.0K
Market Conditions
NOI Build-Up for 3,108 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.4K $25.56/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$74.3K $23.91/SF
− OpEx
−$22.3K −$7.17/SF
NOI
$52.0K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,040,320
Cap Rate 7%
$743,086
Cap Rate 9%
$577,956
Alternative Uses
Best Use
Multifamily LT 5
$743.1K
$650.2K – $866.9K
NOI $52,016 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$682.8K
$597.4K – $796.6K
NOI $47,795 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$811.6K
$710.1K – $946.8K
NOI $56,809 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 08723, NJ
31,272
Population
14,075
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$103,953
Median Household Income
$54,165
Median Earnings
$1,652
Median Rent
$374,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Custom duplex offering 6 bedrooms and 3.5 baths with a deck, fireplace, and in-law floorplan elements
Where is this duplex located?
The property is located at 1 Holly Acres Drive Brick, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 3,108 SF custom duplex on a 0.19‑acre lot; 6 bedrooms and 3.5 bathrooms across two sides; Fireplace in the right‑side living room
