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New Construction Duplex with Garages
For Sale
$769,000

108 Broad Street, Keyport, NJ 07735

Residential, Duplex, Keyport, NJ

Property Size2,000 SF
Price / SF$384.50
Days on Market47

Property Features for 108 Broad Street

General Information

Property type Residential
Property subtype Duplex
Property condition Under Construction
Zoning description Residential
Bedrooms 3
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2
Parking features Oversize, Driveway
Patio and Porch features Patio
Interior features Attic, Attic - Pull Down Stairs, Balcony, Ceilings - 9Ft+ 1st Flr, Dec Molding, Recessed Lighting
Exterior features Balcony, Thermal Window
Elementary school Central
Middle school Central
High school Keyport
Directions Please use gps
Standard status Active
APN 24-00060-0000-00006
Size 2,000 SF

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air, Zoned
Cooling system Zoned, Central Air
Water source Public

Amenities

engineered wood flooring
crown molding
recessed lighting
Pella windows
ceiling fans
storage
2-zone HVAC
washer/dryer
stainless appliances
quartz counters
pantry
tiled backsplash
custom cabinetry
tiled baths
Juliet balcony

Building Details

Year built 2026
Floors in Building 3
Flooring type Porcelain, Tile - Ceramic, Engineered
Roof type Shingle
Architectural style Other
Listing Agency: Raritan Bay Realty
Listed By: Christine Shwartz
Added: Sep 8 Changed: Oct 18 Last Checked: Oct 24 at 3:06PM
MLS# 22628151

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 under-construction duplex is planned as a 2026 residential income property with approximately 2,000 square feet, 3 bedrooms, and 2 1/2 baths. The layout includes an open-concept main level, dining and living areas, a Juliet balcony, attic storage, and an oversized 2-car direct-entry garage. Interior finishes include engineered wood flooring, crown molding, recessed lighting, quartz kitchen counters, stainless appliances, custom cabinetry, a tiled backsplash, and tiled baths. Two-zone HVAC, Pella windows, ceiling fans, and a second-floor washer and dryer add to the planned specifications. A 10-year new home warranty is included.

The property is located at 108 Broad Street in Keyport, across from stores and restaurants and near the waterfront. Public transportation and schools are also nearby. Public water and public sewer serve the property, with natural gas forced-air heating, central air, and a shingle roof.

Key Highlights

  • 2026 construction with a 10‑year new home warranty
  • 3 bedrooms and 2 1/2 baths
  • Approximately 2,000 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$33,472
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,440 $669.4K
Cap Rate 7%
$478,171 $478.2K
Cap Rate 9%
$371,911 $371.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$51.1K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$47.8K $23.91/SF
− OpEx
−$14.3K −$7.17/SF
NOI
$33.5K $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%
$669,440
Cap Rate 7%
$478,171
Cap Rate 9%
$371,911

Alternative Uses

Best Use
Multifamily LT 5
$478.2K
$418.4K – $557.9K (±1% cap)
NOI $33,472 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K (±1% cap)
NOI $30,756 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K (±1% cap)
NOI $36,557 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

822
Businesses Nearby

Demographics for 07735, NJ

18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Under-construction duplex with upgraded interiors, open-concept living, and public water and sewer service.
Where is this duplex located?
The property is located at 108 Broad Street Keyport, NJ.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 2026 construction with a 10‑year new home warranty; 3 bedrooms and 2 1/2 baths; Approximately 2,000 square feet
More about this property
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