Two-Unit Home with Full
For Sale
$750,000
Pending
416 Broadway, Long Branch, NJ 07740
Multi-Family, Long Branch, NJ
Property Size2,230 SF
Lot Size0.19 Acres
Days on Market27
Property Features for 416 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 4, Bedroom 2
Basement
Partial
Elementary school
Garfield
Middle school
Long Branch
High school
Long Branch
Directions
Exit 105 on GSP becomes Hwy 36, right on Brodaway to #416
Standard status
Pending
APN
27-00237-0000-00041
Size
2,230 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8229
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
ceramic tile
forced hot air heat
central air conditioning
basement
covered front porch
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Roof type
Shingle
Listing Agency:
Burke&Manna Real Estate Agency
(732) 455-5420
Listed By:
Michael Manna · License #0900958
(732) 455-5420
Added: Aug 5
Changed: Aug 19
Last Checked: Aug 31 at 2:06PM
MLS# 22624071
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 two-unit residential income property contains 2,230 square feet of living space in a 1910-built home. The apartments include one two-bedroom layout and one three-bedroom layout, with each offering a full bathroom, kitchen, hardwood flooring, ceramic tile, and dedicated living areas. Forced-air heat and central air conditioning serve the property, while a covered front porch adds outdoor entry space.
A 1,083-square-foot basement provides storage and laundry space. Separate meters support independent utility tracking, and the property has aluminum siding, a shingle roof, public water, and public sewer. The 0.19-acre parcel is located in Long Branch near the beaches, Pier Village, NJ Transit, Monmouth Medical Center, Monmouth University, shopping, dining, and major highways.
A 1,083-square-foot basement provides storage and laundry space. Separate meters support independent utility tracking, and the property has aluminum siding, a shingle roof, public water, and public sewer. The 0.19-acre parcel is located in Long Branch near the beaches, Pier Village, NJ Transit, Monmouth Medical Center, Monmouth University, shopping, dining, and major highways.
Key Highlights
- Two apartments: one 2‑bedroom unit and one 3‑bedroom unit
- 2,230 square feet of living space in a 1910‑built home
- 1,083‑square‑foot basement with laundry and storage areas
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
$37,322
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
4.98%
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%
$746,440
$746.4K
Cap Rate 7%
$533,171
$533.2K
Cap Rate 9%
$414,689
$414.7K
Market Conditions
NOI Build-Up for 2,230 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
$57.0K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.3K $23.91/SF
− OpEx
−$16.0K −$7.17/SF
NOI
$37.3K $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%
$746,440
Cap Rate 7%
$533,171
Cap Rate 9%
$414,689
Alternative Uses
Best Use
Multifamily LT 5
$533.2K
$466.5K – $622.0K
NOI $37,322 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$489.9K
$428.7K – $571.6K
NOI $34,293 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$582.3K
$509.5K – $679.4K
NOI $40,761 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
Market
Vacancy Rate% for Multifamily 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 - Well-maintained duplex with separate utilities, covered porch, central air, and two distinct apartment layouts.
Where is this duplex located?
The property is located at 416 Broadway Long Branch, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two apartments: one 2‑bedroom unit and one 3‑bedroom unit; 2,230 square feet of living space in a 1910‑built home; 1,083‑square‑foot basement with laundry and storage areas
