Duplex with Detached
New
For Sale
$1,225,000
105 Prospect Avenue, Red Bank, NJ 07701
Multi-Family, Red Bank, NJ
Property Size2,752 SF
Lot Size0.21 Acres
Price / SF$445.13
Days on Market3
Property Features for 105 Prospect Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Single Family, Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Oversize
Interior features
Attic - Pull Down Strs, Recessed Lighting
Exterior features
Underground Sprinkler System
Basement
Walk-Out Access, Full, Partially Finished
Directions
Propsect Ave to 105
Standard status
Active
APN
39-00054-0000-00004
Size
2,752 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16476
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Zoned
Cooling system
Central Air, Zoned
Water source
Public
Amenities
hardwood floors
cast iron heat
central air conditioning
storage
workshop
solar panels
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Wood
Building materials
Brick
Listing Agency:
Real Broker, LLC- Red Bank
Listed By:
Patricia G Norkus
(855) 653-6723
Added: Oct 30
Last Checked: Nov 1 at 8:06PM
MLS# 22634309
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 brick duplex contains 2,752 square feet across two three-bedroom residences, each with an updated kitchen, a full bathroom, hardwood floors, cast-iron heat, and central air conditioning. The upper residence has a brand-new kitchen, while the lower residence has an updated kitchen. The property was built in 1940 and occupies a 0.21-acre lot.
Garage space includes a two-car garage in the basement and a separate detached two-car garage with 14-foot ceilings. Owned solar panels serve the property, and public water and sewer are available. Additional features include pull-down attic stairs, recessed lighting, and an underground sprinkler system.
Garage space includes a two-car garage in the basement and a separate detached two-car garage with 14-foot ceilings. Owned solar panels serve the property, and public water and sewer are available. Additional features include pull-down attic stairs, recessed lighting, and an underground sprinkler system.
Key Highlights
- Two three‑bedroom residences, each with a full bathroom and kitchen
- 2,752 square feet on a 0.21‑acre lot
- Four‑car garage capacity: two basement spaces and a detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,058
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,160
$921.2K
Cap Rate 7%
$657,971
$658.0K
Cap Rate 9%
$511,756
$511.8K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$70.3K $25.56/SF
− Vacancy
−$4.5K −$1.65/SF
EGI
$65.8K $23.91/SF
− OpEx
−$19.7K −$7.17/SF
NOI
$46.1K $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%
$921,160
Cap Rate 7%
$657,971
Cap Rate 9%
$511,756
Alternative Uses
Best Use
Multifamily LT 5
$658.0K
$575.7K – $767.6K
NOI $46,058 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$604.6K
$529.0K – $705.3K
NOI $42,320 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$718.6K
$628.8K – $838.4K
NOI $50,302 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,733
Businesses Nearby
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Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer three bedrooms each, with owned solar panels and central air conditioning.
Where is this duplex located?
The property is located at 105 Prospect Avenue Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Two three‑bedroom residences, each with a full bathroom and kitchen; 2,752 square feet on a 0.21‑acre lot; Four‑car garage capacity: two basement spaces and a detached two‑car garage
