Duplex with Private Outdoor
For Sale
$600,000
130 Heck Avenue, Ocean Grove, NJ 07756
Two separate living units include distinct kitchens and bathrooms, with one opening to a rear yard and deck.
Property Size1,072 SF
Days on Market11
Property Features for 130 Heck Avenue
General Information
Standard status
Active
Size
1,072 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,444
Amenities
screened-in porch
composite deck
low-maintenance pavers
private exterior entrance
Building Details
Building Size
1,072 SF
Year Built
1904
Listing Agency:
Coldwell Banker Realty
Listed By:
John Lattanzio · License #1120341
(732) 462-4242
Source:
Sackmanrealty
Added: Sep 26
Changed: Oct 6
Last Checked: Oct 6 at 12:06AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,072-square-foot duplex, built in 1904, is recognized as a two-family property. The first-floor residence has a screened porch, living room, pass-through bedroom with two closets, updated kitchen, and three-piece bathroom. Sliding doors connect it to a rear yard with a composite deck and paver-finished rear and side areas. The upstairs unit has a private exterior entrance and was recently refreshed with new sheetrock, cabinets, trim, doors, paint, and lighting. Its kitchen includes a refrigerator, gas range, ceramic tile, and seating area; the unit also has a living area, private bedroom, and three-piece bathroom.
The property is eight short blocks from the beach and boardwalk in Ocean Grove. There is no HOA.
The property is eight short blocks from the beach and boardwalk in Ocean Grove. There is no HOA.
Key Highlights
- Recognized two‑family duplex with 1,072 square feet
- Built in 1904
- Eight short blocks from the beach and boardwalk in Ocean Grove
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,921
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 separate living units include distinct kitchens and bathrooms, with one opening to a rear yard and deck.
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: Recognized two‑family duplex with 1,072 square feet; Built in 1904; Eight short blocks from the beach and boardwalk in Ocean Grove
