Renovated Duplex with Finished
1257 Washington Avenue Asbury, Asbury Park, NJ 07712
For Sale
$849,999
Two-family residential property with updated interiors, a finished lower level, and natural gas service.
Property Size2,000 SF
Lot Size0.08 Acres
Price / SF$424
Days on Market149
Property Features for 1257 Washington Avenue Asbury
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Amenities
finished basement
Natural Gas
Building Details
Year Built
Buildings
Listing Agency:
C21/ Solid Gold Realty
Listed By:
Victor Alhalabi
(732) 531-7772
Source:
Kw
Added: Jun 17
Changed: Nov 10
Last Checked: Nov 10 at 12:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C21/ Solid Gold Realty
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Investment Insights
Based on property information with market context.
This duplex is arranged as a two-family home with nearly 2,000 square feet of living space. The residence was built in 1930 and has undergone renovation with modern updates throughout. A finished basement adds usable interior area, while natural gas is listed among the property’s interior features. The home occupies a 3,500-square-foot lot.
The property is in Asbury Park, with the city’s beaches, boardwalk, dining, and downtown area located minutes away. Its two-family configuration supports both investment and owner-occupant use, as stated in the property information.
The property is in Asbury Park, with the city’s beaches, boardwalk, dining, and downtown area located minutes away. Its two-family configuration supports both investment and owner-occupant use, as stated in the property information.
Key Highlights
- Two‑family duplex with nearly 2,000 sq ft of living space
- Renovated with modern updates throughout
- Finished basement provides additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,472
Cap Rate
3.94%
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
NOI $33,472 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
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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
$578,300
Median Home Value
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Market
Average Price Trend$/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-family residential property with updated interiors, a finished lower level, and natural gas service.
Where is this duplex located?
The property is located at 1257 Washington Avenue Asbury 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: Two‑family duplex with nearly 2,000 sq ft of living space; Renovated with modern updates throughout; Finished basement provides additional usable space
