Renovated Duplex with Finished
For Sale
$849,999
1257 Washington Avenue Asbury, Asbury Park, NJ 07712
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 Market112
Property Features for 1257 Washington Avenue Asbury
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.08 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
finished basement
Natural Gas
Building Details
Year Built
1930
Buildings
1
Listing Agency:
C21/ Solid Gold Realty
Listed By:
Victor Alhalabi
(732) 531-7772
Source:
Kw
Added: Jun 17
Changed: Oct 6
Last Checked: Oct 5 at 4:35PM
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
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
