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Duplex with Basement Apartments
For Sale
$1,599,000

1501 Berkowitz Avenue, Lakewood, NJ 08701

Residential, Duplex, Lakewood, NJ

Property SizeContact for details
Lot Size0.22 Acres
Days on Market72

Property Features for 1501 Berkowitz Avenue

General Information

Property type Residential
Property subtype Duplex
Property condition Under Construction
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Basement
Basement Finished, Full
Middle school Lakewood
Directions GPS
Standard status Active
APN 15-00104-02-00016
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8628

Utilities

Sewer type Public Sewer
Heating system Zoned
Cooling system Zoned
Water source Public

Building Details

Floors in Building 2
Architectural style Other
Listing Agency: Imperial Real Estate Agency
Listed By: Herman Zorger
Added: Jun 25 Changed: Sep 4 Last Checked: Sep 4 at 8:06AM
MLS# 22619314

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 under-construction duplex offers nearly 3,400 square feet of residential space on a 0.22-acre lot. The main residence includes 5 bedrooms plus a nursery, 4 bathrooms, a large kitchen, and open living areas. Zoned heating and cooling support the interior layout, while two private basement apartments add separate living accommodations.

The basement units can support rental income, extended-family housing, or other flexible residential arrangements. Public water and public sewer serve the property. Located at 1501 Berkowitz Avenue in Lakewood, NJ, the property provides a multifamily configuration with substantial living space and multiple residential components.

Key Highlights

  • Nearly 3,400 square feet of residential space
  • 5 bedrooms plus a nursery and 4 bathrooms
  • Two private basement apartments

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith Acupuncture Tech Support Center Home Appliance Store (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

925
Businesses Nearby

Demographics for 08701, NJ

135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Under-construction duplex with two private basement apartments, zoned heating and cooling, and flexible residential space.
Where is this duplex located?
The property is located at 1501 Berkowitz Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Nearly 3,400 square feet of residential space; 5 bedrooms plus a nursery and 4 bathrooms; Two private basement apartments
More about this property
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