Brick Duplex with Yoga
For Sale
$795,000
335 Maple Place, Keyport, NJ 07735
MULTI_FAMILY - Keyport, NJ
Property Size2,800 SF
Lot Size0.11 Acres
Price / SF$283.93
Days on Market75
Property Features for 335 Maple Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Commercial
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
On Street, Off Street, Assigned
Basement
Partial
Lot features
Level
Elementary school
Central
Middle school
Central
High school
Keyport
Directions
Follow GPS route guidance.
Standard status
Active
APN
24-00007-0000-00005-01
Size
2,800 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8200
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air, Multi Units
Water source
Public
Amenities
whole-house generator
Building Details
Year built
1955
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
EXIT Realty East Coast Shirvanian
(732) 946-2000
Listed By:
Mary Hart
(732) 946-2000
Added: Jun 19
Changed: Aug 7
Last Checked: Sep 1 at 8:06PM
MLS# 22618603
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.
Brick duplex offering a live/work and income mix in Keyport’s NC (Neighborhood Commercial) District. The commercial space is currently operated as a yoga studio and includes a half bath. The property also includes a separate first-floor studio apartment with a kitchen, full bath, and sleeping area.
The second floor provides a residential unit with approximately 1,400 SF, a large living room, a full bath, and abundant natural light. Additional property features include a whole-house generator, central air, and a private driveway with parking for two vehicles, along with ample street parking.
The building is brick construction with baseboard heat, shingle roof, and public water and public sewer services. Built in 1955, the property presents a flexible opportunity for an owner-operator, a live/work setup, or rental income through the residential units.
The second floor provides a residential unit with approximately 1,400 SF, a large living room, a full bath, and abundant natural light. Additional property features include a whole-house generator, central air, and a private driveway with parking for two vehicles, along with ample street parking.
The building is brick construction with baseboard heat, shingle roof, and public water and public sewer services. Built in 1955, the property presents a flexible opportunity for an owner-operator, a live/work setup, or rental income through the residential units.
Key Highlights
- 0.11‑acre lot in Keyport’s NC (Neighborhood Commercial) District
- Commercial yoga studio with half bath, plus a first‑floor studio apartment
- Second‑floor residential unit with approximately 1,400 SF and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,220
$937.2K
Cap Rate 7%
$669,443
$669.4K
Cap Rate 9%
$520,678
$520.7K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$71.6K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.9K $23.91/SF
− OpEx
−$20.1K −$7.17/SF
NOI
$46.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,220
Cap Rate 7%
$669,443
Cap Rate 9%
$520,678
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Keyport NC District mixed-use duplex featuring a yoga studio plus two residential units, central air, and private driveway parking for two.
Where is this duplex located?
The property is located at 335 Maple Place Keyport, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 0.11‑acre lot in Keyport’s NC (Neighborhood Commercial) District; Commercial yoga studio with half bath, plus a first‑floor studio apartment; Second‑floor residential unit with approximately 1,400 SF and abundant natural light
