Two-Family Residential Income
102 Herbert Street Red Bank, NJ 07701
New
102 Herbert Street, Red Bank, NJ, 07701
$799,000
For Sale
$799,000
MULTI_FAMILY - Red Bank, NJ
Property Size1,596 SF
Lot Size0.12 Acres
Price / SF$500.63
Days on Market2
Property Features for 102 Herbert Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 3, Bathroom 1
- Parking
- 2
- Basement
- Walk-Out Access
- Standard status
- Active
- APN
- 39-00066-0000-00026
- Size
- 1,596 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9804
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
Listing agency
Resources Real Estate
(732) 212-0440
Listed by
Gary Casazza
(732) 212-0440
Added: Jul 20 Checked: Jul 21 at 3:06PM
MLS# 22621989
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 fully renovated, freshly painted two-family home offers two separate apartments within a residential income layout. One unit is a 3-bedroom apartment with basement access, and the second unit is a 1-bedroom apartment.
The property is listed as tenant occupied and located on the west side of Red Bank, New Jersey. The 3-bedroom apartment is currently paying $2,900, and the 1-bedroom apartment is currently paying $2,200.
The home sits on a 0.12-acre lot and has an overall size of 1,596 square feet. Buyers should note the property is currently occupied.
The property is listed as tenant occupied and located on the west side of Red Bank, New Jersey. The 3-bedroom apartment is currently paying $2,900, and the 1-bedroom apartment is currently paying $2,200.
The home sits on a 0.12-acre lot and has an overall size of 1,596 square feet. Buyers should note the property is currently occupied.
Key Highlights
- Fully renovated two‑family home, freshly painted (year built 1915)
- Tenant‑occupied 3‑bedroom unit rents for $2,900 per month with basement access
- 1‑bedroom unit rents for $2,200 per month
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 | $40.8k | $25.56 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $38.2k | $23.91 |
| − OpEx | −$11.4k | −$7.17 |
| NOI | $26.7k | $16.74 |
1,596 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.6K
$333.9K – $445.2K
NOI $26,711 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$350.6K
$306.8K – $409.1K
NOI $24,543 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$416.7K
$364.7K – $486.2K
NOI $29,172 @ 7.0% cap · market cap 3.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated two-family home features a basement-access 3-bedroom unit and a separate 1-bedroom unit.
Where is this duplex located?
The property is located at 102 Herbert Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully renovated two‑family home, freshly painted (year built 1915); Tenant‑occupied 3‑bedroom unit rents for $2,900 per month with basement access; 1‑bedroom unit rents for $2,200 per month
