Two-Unit
1284-1286 Washington Avenue, Asbury Park, NJ 07712
For Sale
$899,000
Each residence offers four bedrooms, one bathroom, an updated kitchen, and laundry appliances.
Property Size2,240 SF
Price / SF$401.34
Days on Market169
Property Features for 1284-1286 Washington Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Avenue Realty NJ
Listed By:
Marion A Osherovitz · License NJ #1758633
(732) 508-0778
Source:
Delvirginiarealtors
Added: May 25
Changed: Oct 26
Last Checked: Nov 9 at 3:22AM
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 Avenue Realty NJ
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,240-square-foot duplex, built in 1985, contains two residences with four bedrooms and one bathroom apiece. Both units have updated kitchens, living and dining areas, and washer and dryer appliances.
The property is in Asbury Park, approximately 1–2 miles from the beach, shops, and downtown.
The property is in Asbury Park, approximately 1–2 miles from the beach, shops, and downtown.
Key Highlights
- Two residences, each with 4 bedrooms and 1 bathroom
- 2,240 square feet; built in 1985
- Updated kitchens and living and dining areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,489
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,780
$749.8K
Cap Rate 7%
$535,557
$535.6K
Cap Rate 9%
$416,544
$416.5K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$57.3K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.6K $23.91/SF
− OpEx
−$16.1K −$7.17/SF
NOI
$37.5K $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%
$749,780
Cap Rate 7%
$535,557
Cap Rate 9%
$416,544
Alternative Uses
Best Use
Multifamily LT 5
$535.6K
$468.6K – $624.8K
NOI $37,489 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$492.1K
$430.6K – $574.1K
NOI $34,447 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,944 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$578,300
Median Home Value
Market
Average Price Trend$/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 - Each residence offers four bedrooms, one bathroom, an updated kitchen, and laundry appliances.
Where is this duplex located?
The property is located at 1284-1286 Washington Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 1 bathroom; 2,240 square feet; built in 1985; Updated kitchens and living and dining areas in both units
