Two-Home Duplex
For Sale
$390,000
Pending
1702 Summerfield Avenue, Neptune, NJ 07753
Multi-Family, Neptune Township, NJ
Property Size1,736 SF
Lot Size0.15 Acres
Days on Market1246
Property Features for 1702 Summerfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 5
Basement
Crawl Space
Middle school
Neptune
Directions
Ridge Ave to Summerfield Ave
Standard status
Pending
APN
35-00714-0000-00027
Size
1,736 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
5026
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Listing Agency:
Fathom Realty NJ
(856) 344-4663
Listed By:
Christian Tibok
(973) 441-7080
Added: May 11, 2023
Changed: Oct 1
Last Checked: Oct 7 at 4:06AM
MLS# 22312603
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 duplex property comprises two detached houses on a 0.15-acre parcel in Neptune Township. The combined property size is 1,736 square feet, with a 1910 construction date and baseboard heating. Public sewer serves the property.
The first residence includes two bedrooms, 1.1 baths, a fenced yard, and an open-concept first-floor arrangement connecting the living and dining areas with the kitchen. The second residence provides three bedrooms, 1.1 baths, an open living and dining area, a kitchen, and off-street parking. Both homes include a first-floor half bath and second-floor full bath.
The first residence includes two bedrooms, 1.1 baths, a fenced yard, and an open-concept first-floor arrangement connecting the living and dining areas with the kitchen. The second residence provides three bedrooms, 1.1 baths, an open living and dining area, a kitchen, and off-street parking. Both homes include a first-floor half bath and second-floor full bath.
Key Highlights
- Two detached houses on a 0.15‑acre lot
- Combined property size of 1,736 square feet
- First house: 2 bedrooms, 1.1 baths, and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,054
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,080
$581.1K
Cap Rate 7%
$415,057
$415.1K
Cap Rate 9%
$322,822
$322.8K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$44.4K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.5K $23.91/SF
− OpEx
−$12.5K −$7.17/SF
NOI
$29.1K $16.74/SF
Area
Monmouth 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 Rate 5%
$581,080
Cap Rate 7%
$415,057
Cap Rate 9%
$322,822
Alternative Uses
Best Use
Multifamily LT 5
$415.1K
$363.2K – $484.2K
NOI $29,054 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$381.4K
$333.7K – $444.9K
NOI $26,696 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 07753, NJ
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
2,337
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two detached houses occupy one parcel, offering distinct bedroom, bath, yard, and parking configurations.
Where is this duplex located?
The property is located at 1702 Summerfield Avenue Neptune, NJ.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two detached houses on a 0.15‑acre lot; Combined property size of 1,736 square feet; First house: 2 bedrooms, 1.1 baths, and fenced yard
