Renovated Duplex with Finished
For Sale
$849,999
1257 Washington Avenue, Asbury Park, NJ 07712
MULTI_FAMILY - Asbury Park, NJ
Property Size1,960 SF
Lot Size0.08 Acres
Price / SF$433.67
Days on Market52
Property Features for 1257 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Directions
1257 Washington Ave on GPS
Standard status
Active
APN
04-01301-0000-00031
Size
1,960 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7019
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
C21/ Solid Gold Realty
(732) 531-7772
Listed By:
Victor Alhalabi
(732) 531-7772
Added: Jun 16
Changed: Aug 2
Last Checked: Aug 6 at 12:06AM
MLS# 22618241
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.
Investment Insights
Based on property information with market context.
This renovated duplex offers two-family living with a finished basement and modern updates throughout. The property includes approximately 1,960 square feet of interior space and was built in 1930. Public records indicate public water service and public sewer.
The home sits on a 0.08-acre lot. Rooms are configured to support multiple bedrooms and bathrooms across the two-family layout, including Bedrooms 1 through 6, Bathroom 1 and Bathroom 2, and a basement.
With its duplex configuration, finished basement, and public utilities, the property is set up for either an owner-occupant or an investor looking for a two-family residential asset.
The home sits on a 0.08-acre lot. Rooms are configured to support multiple bedrooms and bathrooms across the two-family layout, including Bedrooms 1 through 6, Bathroom 1 and Bathroom 2, and a basement.
With its duplex configuration, finished basement, and public utilities, the property is set up for either an owner-occupant or an investor looking for a two-family residential asset.
Key Highlights
- Duplex with finished basement and modern updates throughout
- Built in 1930
- Approximately 1,960 sq ft
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.1k | $25.56 |
| − Vacancy | −$3.2k | −$1.65 |
| EGI | $46.9k | $23.91 |
| − OpEx | −$14.1k | −$7.17 |
| NOI | $32.8k | $16.74 |
1,960 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.6K
$410.0K – $546.7K
NOI $32,803 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,141 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex built in 1930 featuring a finished basement and public water and public sewer services.
Where is this duplex located?
The property is located at 1257 Washington Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Duplex with finished basement and modern updates throughout; Built in 1930; Approximately 1,960 sq ft
