Two-Unit Duplex with
For Sale
$525,000
126 De Witt Avenue, Asbury Park, NJ 07712
Two one-bedroom units include off-street parking, tenant storage, and separate occupancy status.
Property Size1,568 SF
Lot Size0.17 Acres
Days on Market21
Property Features for 126 De Witt Avenue
General Information
Standard status
Active
Size
1,568 SF
Lot size
0.17 Acres
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
renovate and refresh
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,248
Amenities
off-street parking
full basement with tenant storage
Building Details
Building Size
1,568 SF
Year Built
1920
Listing Agency:
Patrick Parker Realty
Listed By:
Patrick Parker · License #0336463
(732) 455-5252
Source:
Sackmanrealty
Added: Sep 16
Changed: Sep 25
Last Checked: Oct 6 at 12:46AM
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 Patrick Parker Realty
Investment Insights
Based on property information with market context.
Built in 1920, this 1,568-square-foot duplex contains two one-bedroom, one-bath units with comparable layouts. One apartment is vacant, while the other is tenant occupied. A full basement provides tenant storage, and the property includes off-street parking.
The building sits on a 50 x 150 lot at 126 De Witt Ave in Asbury Park, with access to the surrounding Jersey Shore area. The vacant unit provides space for renovation and updates, while the existing tenant occupancy adds an established operating component.
The building sits on a 50 x 150 lot at 126 De Witt Ave in Asbury Park, with access to the surrounding Jersey Shore area. The vacant unit provides space for renovation and updates, while the existing tenant occupancy adds an established operating component.
Key Highlights
- Two 1‑bedroom, 1‑bath units with similar layouts
- 1,568 square feet in a building constructed in 1920
- One unit vacant and one unit tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,242
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,840
$524.8K
Cap Rate 7%
$374,886
$374.9K
Cap Rate 9%
$291,578
$291.6K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$40.1K $25.56/SF
− Vacancy
−$2.6K −$1.65/SF
EGI
$37.5K $23.91/SF
− OpEx
−$11.2K −$7.17/SF
NOI
$26.2K $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%
$524,840
Cap Rate 7%
$374,886
Cap Rate 9%
$291,578
Alternative Uses
Best Use
Multifamily LT 5
$374.9K
$328.0K – $437.4K
NOI $26,242 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$344.5K
$301.4K – $401.9K
NOI $24,113 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$409.4K
$358.3K – $477.7K
NOI $28,661 @ 7.0% cap · market cap 5.46%
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
1,763
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 one-bedroom units include off-street parking, tenant storage, and separate occupancy status.
Where is this duplex located?
The property is located at 126 De Witt Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units with similar layouts; 1,568 square feet in a building constructed in 1920; One unit vacant and one unit tenant occupied
