Two-Unit Residential Income
112 3RD STREET S Brigantine, NJ 08203
For Sale
$785,000
MULTI_FAMILY - BRIGANTINE, NJ
Property Size1,987 SF
Price / SF$395.07
Days on Market45
Property Features for 112 3RD STREET S
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
1,987 SF
Building Details
Year built
1955
Listing Agency:
BHHS Fox & Roach Brigantine
(609) 264-8444
Listed By:
Margaret Steadman · License #0458393
(609) 703-9093
Added: Jun 16
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# NJAC2025132
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 two-unit residential income property features a very spacious first-floor unit that is currently vacant. The first floor includes a living room, breakfast room, kitchen, family room with fireplace, three bedrooms, and two bathrooms, and it is in need of total renovation. The second-floor unit is described as dated but is immaculately maintained by a long-term tenant.
The property is being sold in as-is condition. Public remarks note it is ideally located between bay and ocean and within a short walk to the Elks Club and the public boat ramp.
The seller also describes the building as a candidate for a future condo conversion, subject to the buyer’s plans and approvals.
The property is being sold in as-is condition. Public remarks note it is ideally located between bay and ocean and within a short walk to the Elks Club and the public boat ramp.
The seller also describes the building as a candidate for a future condo conversion, subject to the buyer’s plans and approvals.
Key Highlights
- Two‑story property built in 1955, sold in as‑is condition
- Spacious 1st floor unit is currently vacant and includes living room, breakfast room, kitchen, family room with fireplace, 3 bedrooms, and 2 baths
- 1st floor requires total renovation
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $32.3k | $16.27 |
| − OpEx | −$9.7k | −$4.88 |
| NOI | $22.6k | $11.39 |
1,987 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,629 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 2.53%
Theoretical Best
Warehouse
$739.9K
$647.5K – $863.3K
NOI $51,796 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex with a vacant first-floor unit needing total renovation and a maintained second-floor unit.
Where is this duplex located?
The property is located at 112 3RD STREET S Brigantine, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑story property built in 1955, sold in as‑is condition; Spacious 1st floor unit is currently vacant and includes living room, breakfast room, kitchen, family room with fireplace, 3 bedrooms, and 2 baths; 1st floor requires total renovation
