Two-Unit Residential Income
795 Harmony Road, Middletown, NJ 07748
New
MULTI_FAMILY - Middletown, NJ
Property size:
3,884 SFLot size:
0.44 AcresPrice / SF:
$203/SF- Added:
- Jun 7, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 795 Harmony Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 4
- Parking features
- Open
- Interior features
- Attic - Walk Up
- Basement
- Full
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 32-00211-0000-00008
- Size
- 3,884 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13141
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Central Air, Zoned
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood
- Roof type
- Shingle
Listing agent Diane Traverso (732) 835-4122
Listing office NextHome Nexus Realty Group 250 Washington Street, D2, Toms River, NJ (732) 835-4122
Listing date Jun 7, 2026
MLS# 22617111
Listing URL
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.
HighLights
- Built in 1908 with wood flooring and shingle roof
- Large home with 11 rooms plus a 5‑room rental apartment on the 2nd level
- Rooms include four bedrooms and multiple bathrooms; three rooms could be converted to bedrooms
- Nearly 1/2‑acre lot with public water and public sewer
- Zoned heating and zoned central air cooling
- Accessible approach with ramp; open parking and an attic with walk‑up access
Overview
This for-sale property is a two-unit residential income setup featuring an 11-room main home and a separate 5-room rental apartment on the second level. The main residence offers flexible layout possibilities, including space where three rooms can be converted to bedrooms, supporting different living and rental configurations. The overall property size is approximately 3,884 square feet, and it includes an approximately 0.44-acre lot.
Located at 795 Harmony Road in Middletown, New Jersey, the property’s lot size provides outdoor space alongside the home’s multi-level living arrangements. The second-level apartment creates a natural separation between owner-occupied space and rental use, depending on how you choose to operate the property.
For buyers seeking a combined living and income option, the existing apartment and room count can support a straightforward rental strategy while still leaving flexibility for an owner’s use. If you’re looking for an opportunity to tailor the interior layout, the noted bedroom conversion option in the main home may be a practical consideration. With updates, the property can be positioned to work as either a single residence or a two-part rental configuration, depending on your goals.
Located at 795 Harmony Road in Middletown, New Jersey, the property’s lot size provides outdoor space alongside the home’s multi-level living arrangements. The second-level apartment creates a natural separation between owner-occupied space and rental use, depending on how you choose to operate the property.
For buyers seeking a combined living and income option, the existing apartment and room count can support a straightforward rental strategy while still leaving flexibility for an owner’s use. If you’re looking for an opportunity to tailor the interior layout, the noted bedroom conversion option in the main home may be a practical consideration. With updates, the property can be positioned to work as either a single residence or a two-part rental configuration, depending on your goals.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.3k | $25.56 |
| − Vacancy | −$6.4k | −$1.65 |
| EGI | $92.9k | $23.91 |
| − OpEx | −$27.9k | −$7.17 |
| NOI | $65.0k | $16.74 |
3,884 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$928.6K
$812.5K – $1.08M
NOI $65,003 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$853.3K
$746.6K – $995.5K
NOI $59,728 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,993 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.11991
- Latitude
- 40.43288
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Features an 11-room main home plus a 5-room second-level rental apartment on an approximately half-acre lot.
Where is this duplex located?
The property is located at 795 Harmony Road Middletown, NJ.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Built in 1908 with wood flooring and shingle roof; Large home with 11 rooms plus a 5‑room rental apartment on the 2nd level; Rooms include four bedrooms and multiple bathrooms; three rooms could be converted to bedrooms
