Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    44 Drs James Parker Boulevard Red Bank, NJ 07701

    View on Map
    Pending
    $750,000

    MULTI_FAMILY - Red Bank, NJ

    Property size:
    2,152 SF
    Lot size:
    0.18 Acres
    Added:
    Feb 7, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for 44 Drs James Parker Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1
    Parking features
    Off Street, Paved or Surfaced
    Basement
    Walk-Out Access, Full
    Standard status
    Pending
    APN
    39-00076-0000-00003
    Size
    2,152 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    12167

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michael Galindez

    Listing agent Michael Galindez License #1643893

    Listing office RE/MAX First Realty 33 Brunswick Woods Drive, NJ

    Listing date Feb 7, 2026

    MLS# 22603396

    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.

    Overview

    Renovated Two-Family Home in Red Bank

    Located in Red Bank, New Jersey, this renovated two-family home at 44 Drs James Parker Boulevard is a turn-key property currently earning premium rental income. The property includes two apartments, each featuring two bedrooms and one full bathroom. Unit 2 also offers a bonus room for additional space. The property is situated blocks away from dining, boutique shops, and entertainment options. The lot size is 0.18 acres, and the property size is 2152 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Red Bank
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.079
    Latitude
    40.3609

    Nearby Similar for Sale

    • $329,999

      Established Organic Cafes For Sale

      Two established organic cafes in Red Bank and Wall Township.
      205 W Front Street, Red Bank, NJ 07701
      View Details
    • $895,000
      2,976 SF

      Red Bank Office Building For Sale

      Three-story office building in Red Bank, NJ with parking.
      22 West Street, Red Bank, NJ 07701
      View Details
    • $200,000
      3,500 SF

      Thriving Restaurant Business Opportunity

      Turnkey Thai restaurant business for sale in downtown Red Bank.
      2 Bridge Avenue unit: 3, Red Bank, NJ 07701
      View Details
    • $1,650,000
      3,000 SF

      Red Bank Retail Investment Property

      Fully leased retail building in downtown Red Bank.
      54-60 Monmouth Street, Red Bank, NJ 07701
      View Details
    • $110,000
      290 SF

      Red Bank Office Space Available

      Modern office space for various business needs in Red Bank.
      130 Maple Avenue unit: Wb--4, Red Bank, NJ 07701
      View Details
    • $650,000
      1,032 SF

      Red Bank Multifamily Investment Opportunity

      Two-family property with approved plans and permits ready to finish.
      195 Drs James Parker Boulevard, Red Bank, NJ 07701
      View Details
    • $1,299,900
      2,631 SF

      Red Bank Multifamily Investment Opportunity

      Value-add multifamily in Red Bank with upside potential.
      69 Washington Street, Red Bank, NJ 07701
      View Details
    • $10,000,000

      Rare 20-Acre Middletown Estate

      A rare 20-acre estate in Middletown, NJ.
      40 Independence Road, Red Bank, NJ 07701
      View Details
    • $10,000,000

      Rare 20-Acre Middletown Estate

      A rare 20-acre estate in Middletown, New Jersey.
      40 Independence Road, Red Bank, NJ 07701
      View Details
    • $825,000
      2,812 SF

      Red Bank Mixed-Use Investment

      Fully rented mixed-use property with income and long-term flexibility.
      298 Shrewsbury Avenue, Red Bank, NJ 07701
      View Details
    • $800,000
      2,106 SF

      Renovated Two-Family Home in Red Bank

      Turn-key, renovated two-family home with detached garage in Red Bank.
      33 Washington Street, Red Bank, NJ 07701
      View Details
    • $850,000
      2,530 SF

      Red Bank Multi-Family Investment

      Fully rented 3-family home near downtown Red Bank, NJ.
      171-173 Bridge Avenue, Red Bank, NJ 07701
      View Details

    FAQs

    What type of property is this?
    Duplex - Turn-key, renovated two-family home earning premium rental income.
    Where is this duplex located?
    The property is located at 44 Drs James Parker Boulevard Red Bank, 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: Turn‑key, fully renovated two‑family home.; Currently earning premium rental income.; Excellent location: blocks from dining, shops, and entertainment in Red Bank.
    (732) 257-3500
    We can help!
    Listing Contact
    Michael Galindez
    Real Estate License ID: 1643893
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!