Two-Unit Duplex with
120 Atkins Avenue, Neptune, NJ 07753
For Sale
$599,000
Pending
Multi-Family, Neptune Township, NJ
Property Size1,798 SF
Lot Size0.15 Acres
Days on Market102
Property Features for 120 Atkins Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Basement
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
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
Roof type
Buildings
Listing Agency:
Weichert Realtors-Sea Girt
Listed By:
Connie King
(732) 974-1000
Added: Jul 31
Changed: Nov 5
Last Checked: Nov 9 at 1:06PM
MLS# 22623576
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 1,798-square-foot duplex occupies a 0.15-acre corner lot measuring 52 by 129 feet. The lower residence has two bedrooms and is occupied on a month-to-month basis, while the vacant upper residence has three bedrooms. Interior features include a walk-up attic, basement, wood, ceramic tile, and linoleum flooring, along with multi-unit cooling.
Recent property work includes replacement of porch and deck wood, fresh paint, power washing, and a new shingle roof on the rear shed. The shed cannot be used as a garage because the property does not have a driveway. Electric and gas utilities are separate, while the landlord pays for water. Parking is available both on and off street. Public water and sewer serve the property, which was built in 1950. Bradley Beach and Asbury train stations are a few blocks away, and Jersey Shore beaches are accessible by bicycle.
Recent property work includes replacement of porch and deck wood, fresh paint, power washing, and a new shingle roof on the rear shed. The shed cannot be used as a garage because the property does not have a driveway. Electric and gas utilities are separate, while the landlord pays for water. Parking is available both on and off street. Public water and sewer serve the property, which was built in 1950. Bradley Beach and Asbury train stations are a few blocks away, and Jersey Shore beaches are accessible by bicycle.
Key Highlights
- 1,798‑square‑foot duplex on a 0.15‑acre corner lot
- 52x129 corner lot with deck and porch improvements
- Lower 2 bedroom unit occupied month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,092
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,840
$601.8K
Cap Rate 7%
$429,886
$429.9K
Cap Rate 9%
$334,356
$334.4K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$46.0K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.0K $23.91/SF
− OpEx
−$12.9K −$7.17/SF
NOI
$30.1K $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%
$601,840
Cap Rate 7%
$429,886
Cap Rate 9%
$334,356
Alternative Uses
Best Use
Multifamily LT 5
$429.9K
$376.2K – $501.5K
NOI $30,092 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,650 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$469.5K
$410.8K – $547.8K
NOI $32,865 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,732
Businesses Nearby
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Business Placement
Demographics for 07753, NJ
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
2,337
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
Median Home Value
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Market
Average Price Trend$/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 - Two residences include one month-to-month tenancy and one vacant upper-level unit.
Where is this duplex located?
The property is located at 120 Atkins Avenue Neptune, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,798‑square‑foot duplex on a 0.15‑acre corner lot; 52x129 corner lot with deck and porch improvements; Lower 2 bedroom unit occupied month‑to‑month
