Two-Unit Duplex on
135 Friendship Road, Howell, NJ 07731
For Sale
$729,000
Pending
Residential, Duplex, Howell, NJ
Property Size1,912 SF
Lot Size2.08 Acres
Days on Market49
Property Features for 135 Friendship Road
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Fireplace
Basement
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
1st Class Real Estate Agency
Listed By:
Kayla DeMonte
(732) 314-4444
Added: Sep 25
Changed: Nov 9
Last Checked: Nov 12 at 9:06AM
MLS# 22630436
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 1,912-square-foot Colonial duplex, built in 1989, contains two separate units. Each has two bedrooms and one full bathroom. The building has aluminum siding, ceramic tile flooring, a fireplace, and a porch. Heating is natural gas, and cooling is provided by multiple units.
The property encompasses 2.08 acres in Howell, New Jersey. Public water serves the site, while wastewater is handled by a septic tank. Parking includes a driveway and off-street spaces.
The property encompasses 2.08 acres in Howell, New Jersey. Public water serves the site, while wastewater is handled by a septic tank. Parking includes a driveway and off-street spaces.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,912‑square‑foot building on a 2.08‑acre parcel
- Built in 1989 with Colonial architectural style
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
NOI $32,000 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$420.0K
$367.5K – $490.1K
NOI $29,403 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$499.3K
$436.9K – $582.5K
NOI $34,948 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
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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
$454,900
Median Home Value
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Market
Average Price Trend$/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 - Each residence has two bedrooms and one full bathroom, with a shared parcel of more than two acres.
Where is this duplex located?
The property is located at 135 Friendship Road 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 units, each with 2 bedrooms and 1 full bathroom; 1,912‑square‑foot building on a 2.08‑acre parcel; Built in 1989 with Colonial architectural style
