Two-Family Duplex with Outdoor
130 Heck Avenue, Ocean Grove, NJ 07756
For Sale
$600,000
Multi-Family, Ocean Grove, NJ
Property Size1,072 SF
Lot Size0.04 Acres
Price / SF$559.70
Days on Market51
Property Features for 130 Heck Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Basement
Lot features
Middle school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
Coldwell Banker Realty
Listed By:
John Lattanzio · License NJ #1120341
(732) 462-4242
Added: Sep 26
Changed: Nov 14
Last Checked: Nov 15 at 1:06AM
MLS# 22630484
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 1,072-square-foot duplex contains two legally recognized residential units on a 0.04-acre lot. The first-floor unit has a screened porch, living room, pass-through bedroom with two closets, updated kitchen and three-piece bath; sliding doors open to a rear yard with a composite deck and pavers. The second-floor unit is reached by a private exterior entrance and includes a renovated kitchen, seating area, living space, bedroom and three-piece bath. The property was built in 1904 and has central air, forced-air heat, ceramic tile and wood flooring.
The home is eight short blocks from the beach and boardwalk in Ocean Grove. Outdoor features include the first-floor porch and deck, with additional paved areas along the rear and side of the property. There is on-street parking, public water and public sewer, and cable is available.
The home is eight short blocks from the beach and boardwalk in Ocean Grove. Outdoor features include the first-floor porch and deck, with additional paved areas along the rear and side of the property. There is on-street parking, public water and public sewer, and cable is available.
Key Highlights
- Legal two‑family property with two residential units
- 1,072 square feet on a 0.04‑acre lot
- Second‑floor unit has a private exterior entrance and was recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,941
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,820
$358.8K
Cap Rate 7%
$256,300
$256.3K
Cap Rate 9%
$199,344
$199.3K
Market Conditions
NOI Build-Up for 1,072 SF
Gross rent
$27.4K $25.56/SF
− Vacancy
−$1.8K −$1.65/SF
EGI
$25.6K $23.91/SF
− OpEx
−$7.7K −$7.17/SF
NOI
$17.9K $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%
$358,820
Cap Rate 7%
$256,300
Cap Rate 9%
$199,344
Alternative Uses
Best Use
Multifamily LT 5
$256.3K
$224.3K – $299.0K
NOI $17,941 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$235.5K
$206.1K – $274.8K
NOI $16,485 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$279.9K
$244.9K – $326.6K
NOI $19,594 @ 7.0% cap · market cap 3.27%
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
1,921
Businesses Nearby
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Business Placement
Demographics for 07756, NJ
3,164
Population
2,831
Households
1.1
Avg Household Size
58
Median Age
64%
College-Educated
92%
High-School Grad
0.4 sq mi
ZIP Area
7,910
Density / Sq Mi
$74,410
Median Household Income
$58,148
Median Earnings
$1,212
Median Rent
$764,200
Median Home Value
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Market
Average Price Trend$/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 - Separate unit entrances and private outdoor areas support flexible use of this two-unit property.
Where is this duplex located?
The property is located at 130 Heck Avenue Ocean Grove, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Legal two‑family property with two residential units; 1,072 square feet on a 0.04‑acre lot; Second‑floor unit has a private exterior entrance and was recently renovated
