Two-Story Duplex with Walk-In
New
For Sale
$500,000
8 Saratoga Road, New Egypt, NJ 08533
Residential, Duplex, New Egypt, NJ
Property Size2,065 SF
Lot Size0.10 Acres
Price / SF$242.13
Days on Market3
Property Features for 8 Saratoga Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Single Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 3
Parking features
Covered, Driveway, On Street
Security features
Security System
Window features
Insulated Windows
Patio and Porch features
Patio
Pets allowed
Cats OK, Dogs OK
Interior features
Attic - Walk Up, Ceilings - 9Ft+ 1st Flr, Loft, Eat-in Kitchen, Recessed Lighting
Exterior features
Underground Sprinkler System, Lighting
Fireplace
1
Subdivision
Venue @ Longview
Lot features
Back to Woods
Middle school
New Egypt
High school
New Egypt
Directions
Monmouth Rd to ProvinceLine Rd Left on Churchill Blvd Right on Belmont Rd Left on Saratoga Rd
Standard status
Active
APN
24-00040-05-00017
Size
2,065 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4732
HOA Fee
$256 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Natural Gas, Forced Air
Cooling system
Zoned, Central Air
Water source
Public
Amenities
clubhouse
pool
tennis courts
pickleball courts
fitness facilities
Building Details
Year built
2022
Floors in Building
2
Flooring type
Carpet, Tile, Vinyl
Building materials
Stone
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX First Class
(732) 842-8420
Listed By:
Tracy Portaro · License #2186929
(917) 977-0874
Added: Sep 23
Last Checked: Sep 25 at 6:06AM
MLS# 22630076
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.
Built in 2022, this 2,065-square-foot duplex offers three bedrooms, three full bathrooms, two family rooms, and a walk-up attic. The interior includes an eat-in kitchen with white cabinetry, a center island, pantry, substantial counter space, and two dishwashers. Two refrigerators convey, including one located in the garage. Additional features include four walk-in closets, LVP flooring, carpet and tile, a gas fireplace, recessed lighting, two-zone heating and cooling, and an on-demand water heater. The home also includes a Moen water monitoring system, Ring security equipment, and front-window break alarms.
Outdoor features include a patio, semi-private rear setting, underground sprinklers, and covered, driveway, and on-street parking options. Public water and sewer serve the property. Venue at Longview provides a clubhouse, pool, tennis and pickleball courts, fitness facilities, and social amenities. Approximately one year remains under the community's PILOT program.
Outdoor features include a patio, semi-private rear setting, underground sprinklers, and covered, driveway, and on-street parking options. Public water and sewer serve the property. Venue at Longview provides a clubhouse, pool, tennis and pickleball courts, fitness facilities, and social amenities. Approximately one year remains under the community's PILOT program.
Key Highlights
- 2,065‑square‑foot duplex built in 2022
- Three bedrooms, three full bathrooms, and two family rooms
- Walk‑up attic plus four walk‑in closets
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
$34,560
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
6.91%
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%
$691,200
$691.2K
Cap Rate 7%
$493,714
$493.7K
Cap Rate 9%
$384,000
$384.0K
Market Conditions
NOI Build-Up for 2,065 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
$52.8K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.4K $23.91/SF
− OpEx
−$14.8K −$7.17/SF
NOI
$34.6K $16.74/SF
Area
Ocean 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%
$691,200
Cap Rate 7%
$493,714
Cap Rate 9%
$384,000
Alternative Uses
Best Use
Multifamily LT 5
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$453.7K
$397.0K – $529.3K
NOI $31,756 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,745 @ 7.0% cap · market cap 7.55%
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
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 08533, NJ
6,764
Population
2,625
Households
2.6
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
54.9 sq mi
ZIP Area
123
Density / Sq Mi
$101,982
Median Household Income
$51,358
Median Earnings
$1,662
Median Rent
$471,500
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 - Newer duplex with flexible living areas, extensive storage, and access to community recreation amenities.
Where is this duplex located?
The property is located at 8 Saratoga Road New Egypt, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,065‑square‑foot duplex built in 2022; Three bedrooms, three full bathrooms, and two family rooms; Walk‑up attic plus four walk‑in closets
