Duplex with Upper-Level
100 Shore Rd, Jefferson Twp, NJ 07849
For Sale
$599,000
Two separate units offer rental income potential, with one currently vacant and the other occupied month-to-month.
Property Size2,016 SF
Price / SF$297.12
Days on Market53
Property Features for 100 Shore Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Additional Details
Multifamily Units
Tenant in Place
Amenities
Garage
Laundry
deck
Carbon Monoxide Detector
Cathedral Ceiling
Fire Extinguisher
Smoke Detector
Vinyl-Linoleum Floors
Deck
Lake Privileges
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Top Value Realty
(973) 769-6184
Listed By:
Maria Lopez
(866) 877-5333
Source:
Culturaunitedrealty
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 8 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Top Value Realty
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Investment Insights
Based on property information with market context.
This 2,016-square-foot duplex was built in 1950 and has two residential units. The first level contains a garage, laundry area, and kitchen; the second level includes a living room, dining room, bonus room, and two bedrooms. A second apartment occupies the third level, with two bedrooms and a deck. The property also has parking for 7 cars.
The residence is directly across from preserved town property and has a lake view. One unit is vacant, while the other is occupied on a month-to-month basis. Short-term rental use has occurred previously; town permits are required for that use.
The residence is directly across from preserved town property and has a lake view. One unit is vacant, while the other is occupied on a month-to-month basis. Short-term rental use has occurred previously; town permits are required for that use.
Key Highlights
- Two‑unit property totaling 2,016 square feet
- Parking area accommodates 7 cars
- First unit includes a living room, dining room, bonus room, and two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,740
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,800
$674.8K
Cap Rate 7%
$482,000
$482.0K
Cap Rate 9%
$374,889
$374.9K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$51.5K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$48.2K $23.91/SF
− OpEx
−$14.5K −$7.17/SF
NOI
$33.7K $16.74/SF
Area
Morris 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%
$674,800
Cap Rate 7%
$482,000
Cap Rate 9%
$374,889
Alternative Uses
Best Use
Multifamily LT 5
$482.0K
$421.8K – $562.3K
NOI $33,740 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$442.9K
$387.5K – $516.7K
NOI $31,002 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$526.4K
$460.6K – $614.2K
NOI $36,849 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 07849, NJ
8,569
Population
3,648
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
1,279
Density / Sq Mi
$111,081
Median Household Income
$63,264
Median Earnings
$1,594
Median Rent
$412,800
Median Home Value
Market
Properties on Market for Duplexes in Morris County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer rental income potential, with one currently vacant and the other occupied month-to-month.
Where is this duplex located?
The property is located at 100 Shore Rd Jefferson Twp, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,016 square feet; Parking area accommodates 7 cars; First unit includes a living room, dining room, bonus room, and two bedrooms
