Building Details

Year Built 1989

Listing Agency: RE/MAX Revolution

Listed By: Curran Group Show Phone

Source: Currangrp

Added: Sep 28 Changed: Oct 4 Last Checked: Oct 5 at 6:45PM

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Investment Insights

Based on property information with market context.

The 1989-built duplex contains 1,912 square feet across two separate residences. Each unit has two bedrooms and one full bathroom. The property encompasses approximately 2 acres in Howell Township, New Jersey.

Key Highlights

• Two residential units, each with 2 bedrooms and 1 full bathroom
• 1,912 square feet of building area
• Approximately 2 acres in Howell Township, New Jersey

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,000

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$640,000 $640.0K

Cap Rate 7%

$457,143 $457.1K

Cap Rate 9%

$355,556 $355.6K

Market Conditions

NOI Build-Up for 1,912 SF

Gross rent

$48.9K $25.56/SF

− Vacancy

−$3.2K −$1.65/SF

EGI

$45.7K $23.91/SF

− OpEx

−$13.7K −$7.17/SF

NOI

$32.0K $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%

$640,000

Cap Rate 7%

$457,143

Cap Rate 9%

$355,556

Alternative Uses

Best Use

Multifamily LT 5

$457.1K

$400.0K – $533.3K (±1% cap)

NOI $32,000 @ 7.0% cap · market cap 4.39%

Second Best

Apartment 5plus

$420.0K

$367.5K – $490.1K (±1% cap)

NOI $29,403 @ 7.0% cap · market cap 4.03%

Theoretical Best

Office A

$499.3K

$436.9K – $582.5K (±1% cap)

NOI $34,948 @ 7.0% cap · market cap 4.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Daycare Center Garden Center Locksmith Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

291

Businesses Nearby

Explore this area Business Placement

Demographics for 07731, NJ

39,677

Population

14,102

Households

2.8

Avg Household Size

40

Median Age

42%

College-Educated

94%

High-School Grad

31.8 sq mi

ZIP Area

1,248

Density / Sq Mi

$130,064

Median Household Income

$57,228

Median Earnings

$2,619

Median Rent

$454,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences have two bedrooms and one full bathroom, providing a consistent layout across the property.

Where is this duplex located?

The property is located at 135 Friendship Rd Howell, NJ.

What is the asking price?

The asking price for this property is $729,000.

What are key features of this property?

This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; 1,912 square feet of building area; Approximately 2 acres in Howell Township, New Jersey