Updated Duplex with Detached
104 Morris Avenue, Long Branch, NJ 07740
For Sale
$1,699,900
Multi-Family, Long Branch, NJ
Property Size3,491 SF
Lot Size0.40 Acres
Price / SF$486.94
Days on Market50
Property Features for 104 Morris Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Lot features
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
EXP Realty
Listed By:
Jamie Arcykiewicz · License #1974879
(866) 201-6210
Added: Sep 21
Changed: Oct 27
Last Checked: Nov 9 at 5:06AM
MLS# 22629613
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 3,491-square-foot duplex, built in 1910, occupies a 0.4-acre corner lot and includes a detached garage. The two-family configuration includes five bedrooms, four bathrooms, a basement, wood flooring, stucco construction, shingle roofing, and multi-unit cooling. Recent work includes new windows, fresh paint, updated mechanical systems, and new sheetrock.
The property is positioned two blocks from the beach, Pier Village, and NJ Transit. Public water and public sewer serve the site, with both off-street and on-street parking available. The property can continue as an income-producing duplex or be adapted for owner occupancy, subject to applicable requirements.
The property is positioned two blocks from the beach, Pier Village, and NJ Transit. Public water and public sewer serve the site, with both off-street and on-street parking available. The property can continue as an income-producing duplex or be adapted for owner occupancy, subject to applicable requirements.
Key Highlights
- 3,491‑square‑foot duplex on a 0.4‑acre corner lot
- Two‑family property with 5 bedrooms and 4 bathrooms
- Detached garage plus off‑street and on‑street parking
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
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
NOI $58,426 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$766.9K
$671.1K – $894.8K
NOI $53,685 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$911.6K
$797.6K – $1.06M
NOI $63,810 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
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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
$521,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monmouth County, NJ
Properties on Market for Duplexes in Monmouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recent improvements support continued use as a two-family income property on a corner lot.
Where is this duplex located?
The property is located at 104 Morris Avenue 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: 3,491‑square‑foot duplex on a 0.4‑acre corner lot; Two‑family property with 5 bedrooms and 4 bathrooms; Detached garage plus off‑street and on‑street parking
