Four-Bedroom
For Sale
$899,000
1284-1286 Washington Avenue, Asbury Park, NJ 07712
Multi-Family, Asbury Park, NJ
Property Size2,240 SF
Lot Size0.17 Acres
Price / SF$401.34
Days on Market146
Property Features for 1284-1286 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 7
Basement
Crawl Space
Directions
use Waze
Standard status
Active
APN
04-01403-0000-00007
Size
2,240 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11458
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1985
Floors in Building
2
Number of units
2
Listing Agency:
Avenue Realty NJ
(732) 508-0778
Listed By:
Marion A Osherovitz · License #1758633
(718) 506-2847
Added: May 25
Changed: Oct 2
Last Checked: Oct 17 at 12:06PM
MLS# 22615454
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.
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Investment Insights
Based on property information with market context.
This 2,240-square-foot duplex contains two residential units, each with four bedrooms and one bathroom. Both units include updated kitchens, separate living and dining areas, and washer/dryer equipment. The property was built in 1985 and uses baseboard heating, with public water and public sewer serving the building.
Set on a 0.17-acre lot at 1284-1286 Washington Avenue in Asbury Park, the property is located 1–2 miles from the beach, shops, and the growing downtown area. The two-unit configuration provides a clearly defined multifamily layout with eight bedrooms and two total bathrooms.
Set on a 0.17-acre lot at 1284-1286 Washington Avenue in Asbury Park, the property is located 1–2 miles from the beach, shops, and the growing downtown area. The two-unit configuration provides a clearly defined multifamily layout with eight bedrooms and two total bathrooms.
Key Highlights
- Two units, each with 4 bedrooms and 1 bathroom
- 2,240 square feet on a 0.17‑acre lot
- Updated kitchens 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.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated kitchens, generous living and dining areas, and in-unit laundry equipment.
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 units, each with 4 bedrooms and 1 bathroom; 2,240 square feet on a 0.17‑acre lot; Updated kitchens in both units
