Two-Unit Duplex with Rental
For Sale
$375,000
14 Story St, New Egypt, NJ 08533
1960-built duplex offering two separate two-bedroom apartments near parks, schools, local amenities, and commuter routes.
Property Size1,300 SF
Price / SF$288.46
Days on Market79
Property Features for 14 Story St
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1960
Listing Agency:
Smires & Associates
Listed By:
James Traynham · License #1327427
(609) 865-1801
Source:
Soldbypattie
Added: Jul 30
Changed: Oct 14
Last Checked: Oct 7 at 3:56PM
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 Smires & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1960-built duplex contains two separate apartments, each configured with two bedrooms and one bathroom. The property offers a straightforward two-unit layout suited to multifamily ownership, with the option for an owner-occupant to live in one unit while renting the other, as supported by the existing configuration.
Located in New Egypt, the property is positioned near local amenities, parks, schools, and commuter routes. The address is 14 Story St, New Egypt, NJ 08533. Both apartments are part of the same duplex structure, providing a compact residential income property with two units under one roof.
Located in New Egypt, the property is positioned near local amenities, parks, schools, and commuter routes. The address is 14 Story St, New Egypt, NJ 08533. Both apartments are part of the same duplex structure, providing a compact residential income property with two units under one roof.
Key Highlights
- Two‑unit duplex with two separate apartments
- Each apartment includes 2 bedrooms and 1 bathroom
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,757
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,140
$435.1K
Cap Rate 7%
$310,814
$310.8K
Cap Rate 9%
$241,744
$241.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$33.2K $25.56/SF
− Vacancy
−$2.1K −$1.65/SF
EGI
$31.1K $23.91/SF
− OpEx
−$9.3K −$7.17/SF
NOI
$21.8K $16.74/SF
Area
Ocean 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%
$435,140
Cap Rate 7%
$310,814
Cap Rate 9%
$241,744
Alternative Uses
Best Use
Multifamily LT 5
$310.8K
$272.0K – $362.6K
NOI $21,757 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,991 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 08533, NJ
6,764
Population
2,625
Households
2.6
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
54.9 sq mi
ZIP Area
123
Density / Sq Mi
$101,982
Median Household Income
$51,358
Median Earnings
$1,662
Median Rent
$471,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - 1960-built duplex offering two separate two-bedroom apartments near parks, schools, local amenities, and commuter routes.
Where is this duplex located?
The property is located at 14 Story St New Egypt, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with two separate apartments; Each apartment includes 2 bedrooms and 1 bathroom; Built in 1960
