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    Union Beach Income-Producing Two-Family Title is generated by Realmo AI

    233 Broadway, Union Beach, NJ 07735

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    Pending
    $599,000

    MULTI_FAMILY - Union Beach, NJ

    Property size:
    2,482 SF
    Lot size:
    0.24 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 8 at 2:06 pm

    Property Features for 233 Broadway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 1
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Basement
    Full
    Standard status
    Pending
    APN
    50-00106-0000-00016
    Size
    2,482 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12836

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Building materials
    Stone

    We can help!

    Listing Contact
    Anthony Barone

    Listing agent Anthony Barone

    Listing office EXP Realty 28 Valley Road, Suite 1, Montclair, NJ

    Listing date Apr 21, 2026

    MLS# 22611192 Listing URL

    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.

    HighLights

    • Income‑producing 2‑family property.
    • Fully owned solar panels generating SREC credits (passive income).
    • Large lot with off‑street parking and spacious backyard.
    • Two units, each with 2 bedrooms.
    • Convenient access to Bayshore beaches, parks, dining, shopping, and NYC commuter routes.
    • Includes a garage for extra storage.

    Overview

    This turn-key, income-producing two-family property is located in Union Beach, New Jersey. Situated on a large 0.24-acre lot, the property features off-street parking and a spacious backyard. The first-floor unit includes two bedrooms and a bonus room with basement access. The second unit also features two bedrooms. Fully owned solar panels generate SREC credits, providing an additional passive income stream. A garage is included for extra storage. The property offers convenient access to Bayshore beaches, parks, dining, shopping, and major NYC commuter routes. This property is being sold AS IS. The building size is 2482 square feet.

    Local 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 $63.4k $25.56
    − Vacancy −$4.1k −$1.65
    EGI $59.3k $23.91
    − OpEx −$17.8k −$7.17
    NOI $41.5k $16.74
    2,482 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $593.4K
    $519.2K – $692.3K (±1% cap)
    NOI $41,539 @ 7.0% cap · market cap 6.93%
    Second Best
    Apartment 5plus
    $545.3K
    $477.1K – $636.1K (±1% cap)
    NOI $38,168 @ 7.0% cap · market cap 6.37%
    Theoretical Best
    Office A
    $648.1K
    $567.1K – $756.1K (±1% cap)
    NOI $45,367 @ 7.0% cap · market cap 7.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union Beach
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.185564
    Latitude
    40.441599

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    FAQs

    What type of property is this?
    Duplex - Turn-key two-family property in Union Beach with income potential.
    Where is this duplex located?
    The property is located at 233 Broadway Union Beach, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Income‑producing 2‑family property.; Fully owned solar panels generating SREC credits (passive income).; Large lot with off‑street parking and spacious backyard.
    (866) 201-6210
    We can help!
    Listing Contact
    Anthony Barone
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