Updated Duplex with Detached
For Sale
$1,200,000
Pending
65 Branch Avenue, Red Bank, NJ 07701
Multi-Family, Red Bank, NJ
Property Size2,393 SF
Lot Size0.15 Acres
Days on Market33
Property Features for 65 Branch Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Single Family, Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bathroom 1, Bathroom 3, Bedroom 4
Parking features
Garage, Off Street, Oversize
Patio and Porch features
Deck
Interior features
Attic, Recessed Lighting
Exterior features
Outdoor Grill, Deck, Recreation Area
Fencing
Fenced
Basement
Partial, Crawl Space
Directions
Please use GPS for the most direct route
Standard status
Pending
APN
39-00107-0000-00011-01
Size
2,393 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15691
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air
Cooling system
Zoned, Central Air
Water source
Public
Amenities
main-floor laundry
private patio with fireplace
Building Details
Year built
1915
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Wood
Roof type
Shingle
Listing Agency:
Keller Williams Realty Spring Lake
Listed By:
Carolina Dellafiori · License #43209
(848) 220-7120
Added: Sep 5
Changed: Oct 2
Last Checked: Oct 7 at 5:06PM
MLS# 22627981
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 2,393-square-foot duplex includes a primary residence with 3 bedrooms, 2 full baths, living and dining areas, an updated kitchen, and main-floor laundry. The upper residence adds 1 bedroom, a den, and a full bath. A detached garage contains finished space with HVAC and running water, offering additional room for an office, studio, gym, or other workspace. The property also includes a private patio with fireplace, deck, fenced areas, wood and ceramic tile flooring, and an oversized driveway with off-street parking.
Each residential unit has its own electric, gas, and water utilities. Three new HVAC systems provide zoned heating and cooling across the property. The second-floor unit is currently used as a short-term rental; continued operation requires Red Bank Borough licensing and approvals. Public water and sewer serve the property, which is located near downtown Red Bank's restaurants, shopping, entertainment, and transportation.
Each residential unit has its own electric, gas, and water utilities. Three new HVAC systems provide zoned heating and cooling across the property. The second-floor unit is currently used as a short-term rental; continued operation requires Red Bank Borough licensing and approvals. Public water and sewer serve the property, which is located near downtown Red Bank's restaurants, shopping, entertainment, and transportation.
Key Highlights
- 2,393 square feet across two residential units
- Primary residence with 3 bedrooms, 2 full baths, updated kitchen, and main‑floor laundry
- Second‑floor residence includes 1 bedroom, a den, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,050
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,000
$801.0K
Cap Rate 7%
$572,143
$572.1K
Cap Rate 9%
$445,000
$445.0K
Market Conditions
NOI Build-Up for 2,393 SF
Gross rent
$61.2K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.2K $23.91/SF
− OpEx
−$17.2K −$7.17/SF
NOI
$40.0K $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 Rate 5%
$801,000
Cap Rate 7%
$572,143
Cap Rate 9%
$445,000
Alternative Uses
Best Use
Multifamily LT 5
$572.1K
$500.6K – $667.5K
NOI $40,050 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$525.7K
$460.0K – $613.3K
NOI $36,800 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$624.9K
$546.8K – $729.0K
NOI $43,740 @ 7.0% cap · market cap 3.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units, separate utilities, and flexible finished space support living, hosting, or workspace needs.
Where is this duplex located?
The property is located at 65 Branch Avenue Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,393 square feet across two residential units; Primary residence with 3 bedrooms, 2 full baths, updated kitchen, and main‑floor laundry; Second‑floor residence includes 1 bedroom, a den, and full bath
