Union Beach Income-Producing
233 Broadway Union Beach, NJ 07735
For Sale
$599,000
Pending
MULTI_FAMILY - Union Beach, NJ
Property Size2,482 SF
Lot Size0.24 Acres
Days on Market96
Property Features for 233 Broadway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 3, 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
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Anthony Barone
(866) 201-6210
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 25 at 5:06AM
MLS# 22611192
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 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.
Key Highlights
- Turn‑key 2‑family in Union Beach with off‑street parking and a spacious backyard
- First‑floor unit offers 2 bedrooms plus a bonus room with basement access
- Second unit features 2 bedrooms
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
NOI $41,539 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$545.3K
$477.1K – $636.1K
NOI $38,168 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$648.1K
$567.1K – $756.1K
NOI $45,367 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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: Turn‑key 2‑family in Union Beach with off‑street parking and a spacious backyard; First‑floor unit offers 2 bedrooms plus a bonus room with basement access; Second unit features 2 bedrooms
