Building Details

Year Built 1960

Units 2

Listing Agency: f***@fredricawilliamsrealty.org Show Phone

Listed By: FREDRICA WILLIAMS

Source: Elliman

Added: Aug 8 Changed: Aug 9 Last Checked: Aug 9 at 4:26AM

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Investment Insights

Based on property information with market context.

This multifamily property was built in 1960 and is located at 1024 Randolph Ave in Avenel, New Jersey. The surrounding area has a Walk Score of 64, described as Somewhat Walkable, along with a Bike Score of 43 and Transit Score of 35. These scores indicate access to walking, bicycling, and public transportation options in the surrounding area.

Key Highlights

• Multifamily property constructed in 1960
• Walk Score of 64, rated Somewhat Walkable
• Bike Score of 43, rated Somewhat Bikeable

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Spa & Massage Center Real Estate Agency Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

439

Businesses Nearby

Explore this area Business Placement

Demographics for 07065, NJ

29,556

Population

12,811

Households

2.3

Avg Household Size

39

Median Age

36%

College-Educated

90%

High-School Grad

3.9 sq mi

ZIP Area

7,578

Density / Sq Mi

$90,852

Median Household Income

$57,021

Median Earnings

$1,764

Median Rent

$362,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Built in 1960, this multifamily property is situated in a somewhat walkable area.

Where is this multifamily property located?

The property is located at 1024 Randolph Ave Avenel, NJ.

What is the asking price?

The asking price for this property is $640,000.

What are key features of this property?

This property features: Multifamily property constructed in 1960; Walk Score of 64, rated Somewhat Walkable; Bike Score of 43, rated Somewhat Bikeable