Two-Unit Multifamily Property in
805 Shore Concourse Cliffwood Beach, NJ 07735
805 Shore Concourse, Cliffwood Beach, NJ, 07735
$499,900
Pending
For Sale
$499,900
Pending
MULTI_FAMILY - Cliffwood Beach, NJ
Property Size961 SF
Lot Size0.17 Acres
Days on Market84
Property Features for 805 Shore Concourse
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Basement, Bedroom 1, Bathroom 3, Bathroom 2
- Parking
- 3
- Window features
- Insulated Windows
- Interior features
- Attic, Locked Storage
- Exterior features
- Storm Window
- Standard status
- Pending
- APN
- 01-00330-0000-00021
- Size
- 961 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6774
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Laminate
- Additional Structures
- Storage
Listing agency
HomeZu
(610) 326-2414
Listed by
Christopher J Carr · License #RM420776
(610) 326-2414
Added: May 1 Updated: Jul 21 at 1:49PM Checked: Jul 23 at 12:06AM
MLS# 22612555
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 multifamily property in Cliffwood Beach features a main house and a detached cottage studio. The main house offers 3 bedrooms, 1 bathroom, a full basement, and a partial attic, with 961 square feet of living space. It includes central HVAC and a 3-car driveway. Appliances include an upscale refrigerator, stove, dishwasher, washer, and dryer. The detached cottage studio provides 324 square feet of living space and features a new deck, new roof, new appliances, and a new water heater. There is also a shed on the property. The property is situated on a 0.17-acre lot. The main house is currently rented for $2,650 per month with a lease expiring in June 2028. The detached cottage studio is rented for $1,150 per month with a lease expiring in May 2027. The total gross rent is $45,600 per year. After deducting $6,774 for taxes, $1,398 for insurance, and $2,288 for water and sewer, the net cash flow is $35,140 per year, or $2,928 per month.
Key Highlights
- Tenant‑occupied 2‑family property with a detached cottage studio and a third shed structure
- MAIN HOUSE: 3 BR, 1 BA, 961 SF living space, full basement (580 SF not included in 961 SF), central air
- MAIN HOUSE rent is $2,650/month per lease expiring June 2028
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 | $24.6k | $25.56 |
| − Vacancy | −$1.6k | −$1.65 |
| EGI | $23.0k | $23.91 |
| − OpEx | −$6.9k | −$7.17 |
| NOI | $16.1k | $16.74 |
961 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.8K
$201.0K – $268.1K
NOI $16,083 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$211.1K
$184.7K – $246.3K
NOI $14,778 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$250.9K
$219.6K – $292.8K
NOI $17,566 @ 7.0% cap · market cap 3.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Tenant-occupied two-unit property with strong income potential.
Where is this duplex located?
The property is located at 805 Shore Concourse Cliffwood Beach, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Tenant‑occupied 2‑family property with a detached cottage studio and a third shed structure; MAIN HOUSE: 3 BR, 1 BA, 961 SF living space, full basement (580 SF not included in 961 SF), central air; MAIN HOUSE rent is $2,650/month per lease expiring June 2028
