104 Morris Ave, Long Branch, NJ 07740

Building Details

Year Built 1910 More

Buildings 1 More

Listing Agency: EXP Realty

Listed By: Jamie Arcykiewicz · License #1974879 Show Phone

Source: Goldstandardrealty

Added: Sep 22 Changed: Oct 25 Last Checked: Oct 7 at 4:10PM

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Investment Insights

Based on property information with market context.

This income-producing duplex occupies an oversized 0.4-acre corner lot and includes a detached garage. Recent work includes replacement windows, fresh interior paint, updated mechanical systems, new sheetrock, and additional improvements. The property offers an existing two-family configuration for continued rental use or owner occupancy.

At 104 Morris Ave in Long Branch, the property is positioned two blocks from the beach, Pier Village, and NJ Transit. Its location and large corner parcel provide a practical residential income-property profile with flexibility for an investor or an owner-occupant.

Key Highlights

• Income‑producing two‑family property on an oversized 0.4‑acre corner lot
• Detached garage included
• Two blocks from the beach, Pier Village, and NJ Transit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,426

Cap Rate

3.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,168,520 $1.2M

Cap Rate 7%

$834,657 $834.7K

Cap Rate 9%

$649,178 $649.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,491 SF

Gross rent

$89.2K $25.56/SF

− Vacancy

−$5.8K −$1.65/SF

EGI

$83.5K $23.91/SF

− OpEx

−$25.0K −$7.17/SF

NOI

$58.4K $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%

$1,168,520

Cap Rate 7%

$834,657

Cap Rate 9%

$649,178

Alternative Uses

Best Use

Multifamily LT 5

$834.7K

$730.3K – $973.8K (±1% cap)

NOI $58,426 @ 7.0% cap · market cap 3.44%

Second Best

Apartment 5plus

$766.9K

$671.1K – $894.8K (±1% cap)

NOI $53,685 @ 7.0% cap · market cap 3.16%

Theoretical Best

Office A

$911.6K

$797.6K – $1.06M (±1% cap)

NOI $63,810 @ 7.0% cap · market cap 3.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,383

Businesses Nearby

Explore this area Business Placement

Demographics for 07740, NJ

31,905

Population

15,208

Households

2.1

Avg Household Size

38

Median Age

35%

College-Educated

84%

High-School Grad

5.3 sq mi

ZIP Area

6,020

Density / Sq Mi

$73,806

Median Household Income

$38,614

Median Earnings

$1,744

Median Rent

$521,900

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Monmouth County, NJ

$366 Jul

$406 Aug

$434 Sep

$443 Oct

Properties on Market for Duplexes in Monmouth County

Jul

Aug

Sep

Oct

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?

Duplex - Income-producing two-family residence on a corner parcel two blocks from the beach, Pier Village, and NJ Transit.

Where is this duplex located?

The property is located at 104 Morris Ave Long Branch, NJ.

What is the asking price?

The asking price for this property is $1,699,900.

What are key features of this property?

This property features: Income‑producing two‑family property on an oversized 0.4‑acre corner lot; Detached garage included; Two blocks from the beach, Pier Village, and NJ Transit