Two-Unit Duplex
For Sale
$599,900
Pending
1001 Sewall Avenue, Asbury Park, NJ 07712
Multi-Family, Asbury Park, NJ
Property Size1,840 SF
Days on Market92
Property Features for 1001 Sewall Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bathroom 1
Basement
Full
Directions
Memorial Drive to Sewall Avenue
Subdivision
SW Asbury Pk
Standard status
Pending
APN
04-00501-0000-00003
Size
1,840 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10682
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Listing Agency:
VRI Homes
Listed By:
Elizabeth Buccigrossi · License #9910559
(732) 264-9511
Added: Aug 3
Changed: Oct 25
Last Checked: Nov 2 at 3:06AM
MLS# 22623948
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.
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Investment Insights
Based on property information with market context.
This 1,840-square-foot duplex, built in 1920, contains two residential units. Each unit is configured with two bedrooms and one bathroom, providing a defined two-unit layout for renovation planning. The property requires a complete renovation, and a small detached structure along the side also needs to be rebuilt.
Public water and public sewer serve the property. The asset is located in Asbury Park, New Jersey, within Monmouth County. Its existing unit configuration and documented repair needs provide a clear scope for a buyer evaluating a substantial residential redevelopment project.
Public water and public sewer serve the property. The asset is located in Asbury Park, New Jersey, within Monmouth County. Its existing unit configuration and documented repair needs provide a clear scope for a buyer evaluating a substantial residential redevelopment project.
Key Highlights
- Two‑unit duplex with 1,840 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,795
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,900
$615.9K
Cap Rate 7%
$439,929
$439.9K
Cap Rate 9%
$342,167
$342.2K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$47.0K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$44.0K $23.91/SF
− OpEx
−$13.2K −$7.17/SF
NOI
$30.8K $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 Rate 5%
$615,900
Cap Rate 7%
$439,929
Cap Rate 9%
$342,167
Alternative Uses
Best Use
Multifamily LT 5
$439.9K
$384.9K – $513.3K
NOI $30,795 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,296 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$480.5K
$420.4K – $560.5K
NOI $33,632 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,059
Businesses Nearby
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Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units require comprehensive renovation, with an additional side structure requiring reconstruction.
Where is this duplex located?
The property is located at 1001 Sewall Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,840 square feet; Each unit includes 2 bedrooms and 1 bathroom; Built in 1920
