For Sale
$1,699,900
104 Morris Avenue, Long Branch, NJ 07740
Land/Lots, Long Branch, NJ
Property Size3,491 SF
Lot Size0.40 Acres
Price / SF$486.94
Days on Market17
Property Features for 104 Morris Avenue
General Information
Property type
Land
Property subtype
Other
Zoning description
Multi-Family
Lot features
Corner Lot
Middle school
Long Branch
High school
Long Branch
Directions
Corner of Morris Ave and 2nd Ave
Standard status
Active
APN
27-00228-0000-00014
Size
3,491 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11850
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Jamie Arcykiewicz
(973) 903-2721
Added: Sep 21
Last Checked: Oct 7 at 5:06AM
MLS# 22629839
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.
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
