Two-Unit Duplex with
New
For Sale
$995,000
745 22nd Avenue, Lake Como, NJ 07719
Residential, Duplex, Lake Como, NJ
Property Size2,242 SF
Lot Size0.05 Acres
Price / SF$443.80
Days on Market7
Property Features for 745 22nd Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential, Non-Conforming, Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
Off Street
Window features
Skylight(s)
Patio and Porch features
Deck, Patio
Interior features
Spiral Stairs
Lot features
Back to Woods
Elementary school
Belmar
Middle school
Belmar
High school
Manasquan
Directions
Spring Lake 3rd Ave north to Marucchi Park and Lake Como. Make 1st left after Marucchi Park. House is on left and faces out to Margerum Avenue.
Standard status
Active
APN
46-00035-0000-00006
Size
2,242 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7013
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Flooring type
Tile - Ceramic, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Real Broker, LLC-
Listed By:
Donna A Ahern
(732) 746-3654
Added: Sep 5
Changed: Sep 11
Last Checked: Sep 11 at 5:06PM
MLS# 22627991
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 2242-square-foot duplex contains a grandfathered two-family arrangement with a three-bedroom upper residence and a two-bedroom lower residence. Both units include a washer and dryer, dishwasher, refrigerator, microwave, and stove. Interior details include vinyl plank and ceramic tile flooring, a skylight, spiral stairs, and a newer tiled bathroom downstairs. New tankless heating and hot water systems, a newer shingle roof, gutters, a deck, and a patio add to the property’s physical improvements. Off-street parking is provided.
The property is in Lake Como near Spring Lake Marucchi Park and Behrman Park, with playgrounds, sports courts, walking paths, and a dog park nearby. Lake Como, area beaches, downtown shopping, restaurants, and train stations are also identified in the surrounding context. Public water and public sewer serve the property, with natural gas baseboard and hot-water heating.
The property is in Lake Como near Spring Lake Marucchi Park and Behrman Park, with playgrounds, sports courts, walking paths, and a dog park nearby. Lake Como, area beaches, downtown shopping, restaurants, and train stations are also identified in the surrounding context. Public water and public sewer serve the property, with natural gas baseboard and hot-water heating.
Key Highlights
- Grandfathered two‑family layout with 3 BR upstairs and 2 BR downstairs
- 2242 square feet on a 0.05‑acre lot
- Both units include washer/dryer, dishwasher, refrigerator, microwave, and stove
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
$37,523
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
3.77%
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%
$750,460
$750.5K
Cap Rate 7%
$536,043
$536.0K
Cap Rate 9%
$416,922
$416.9K
Market Conditions
NOI Build-Up for 2,242 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
$57.3K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.6K $23.91/SF
− OpEx
−$16.1K −$7.17/SF
NOI
$37.5K $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%
$750,460
Cap Rate 7%
$536,043
Cap Rate 9%
$416,922
Alternative Uses
Best Use
Multifamily LT 5
$536.0K
$469.0K – $625.4K
NOI $37,523 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$492.5K
$431.0K – $574.6K
NOI $34,477 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$585.4K
$512.3K – $683.0K
NOI $40,980 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
Median Home Value
Check the figures for this property
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 - Grandfathered two-family property with three-bedroom and two-bedroom residences, updated systems, and separate living spaces.
Where is this duplex located?
The property is located at 745 22nd Avenue Lake Como, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Grandfathered two‑family layout with 3 BR upstairs and 2 BR downstairs; 2242 square feet on a 0.05‑acre lot; Both units include washer/dryer, dishwasher, refrigerator, microwave, and stove
