Keansburg Duplex Near Raritan
For Sale
$629,000
151 Shore Boulevard, Keansburg, NJ 07734
Two-family property near Raritan Bay, local amenities, and transportation.
Property Size2,034 SF
Lot Size0.19 Acres
Days on Market197
Property Features for 151 Shore Boulevard
General Information
Standard status
Active
Size
2,034 SF
Lot size
0.19 Acres
Property subtype
Duplex
Amenities
Forced Air
Shingle
Building Details
Building Size
2,034 SF
Year Built
1940
Listing Agency:
KELLER WILLIAMS REALTY WEST MONMOUTH
(732) 585-5817
Listed By:
Frank Coppola · License #NJ
(732) 585-5817
Source:
Kw
Added: Feb 16
Changed: Aug 31
Last Checked: Aug 31 at 12:25AM
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 KELLER WILLIAMS REALTY WEST MONMOUTH
Investment Insights
Based on property information with market context.
This two-family property presents an investment opportunity. It is located near Raritan Bay and offers convenient access to local amenities. The location provides easy access to nearby parks, beaches, and marinas. Shops, restaurants, and Keansburg Amusement Park are also in close proximity. Commuters can benefit from the accessibility to public transportation and major highways.
Key Highlights
- Prime location near Raritan Bay and local amenities.
- Two‑family property: Great investment opportunity.
- Easy access to nearby parks, beaches, and marinas.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,041
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$680,820
$680.8K
Cap Rate 7%
$486,300
$486.3K
Cap Rate 9%
$378,233
$378.2K
Market Conditions
NOI Build-Up for 2,034 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.0K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$48.6K $23.91/SF
− OpEx
−$14.6K −$7.17/SF
NOI
$34.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$680,820
Cap Rate 7%
$486,300
Cap Rate 9%
$378,233
Alternative Uses
Best Use
Multifamily LT 5
$486.3K
$425.5K – $567.4K
NOI $34,041 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$446.8K
$391.0K – $521.3K
NOI $31,279 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$531.1K
$464.7K – $619.6K
NOI $37,178 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 07734, NJ
12,772
Population
5,349
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,513
Density / Sq Mi
$89,073
Median Household Income
$41,228
Median Earnings
$1,638
Median Rent
$310,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property near Raritan Bay, local amenities, and transportation.
Where is this duplex located?
The property is located at 151 Shore Boulevard Keansburg, NJ.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Prime location near Raritan Bay and local amenities.; Two‑family property: Great investment opportunity.; Easy access to nearby parks, beaches, and marinas.
