Duplex with Separate Electric
New
For Sale
$625,000
1534 Asbury Avenue, Asbury Park, NJ 07712
Multi-Family, Asbury Park, NJ
Property Size1,904 SF
Lot Size0.15 Acres
Price / SF$328.26
Days on Market3
Property Features for 1534 Asbury Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 3, Basement, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Assigned, On Street
Basement
Full
Elementary school
P. Bradley
High school
Asbury Park
Directions
From Asbury Circle east on Asbury Avenue
Standard status
Active
APN
04-01502-0000-00007
Size
1,904 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8799
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
RE/MAX Welcome Home
(732) 212-9900
Listed By:
Michael Littleford · License #8741232
(732) 381-5140
Added: Oct 13
Last Checked: Oct 15 at 6:06PM
MLS# 22632337
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.
Built in 1920, this 1,904-square-foot duplex has five bedrooms and three bathrooms. Stucco construction, radiant heat, multiple cooling units, and a shingle roof serve the property. The building is offered in its current condition, with month-to-month tenancies and separate electric meters.
Tenants pay for their own electricity; the landlord covers water, sewer, and gas. Public water and sewer serve the property. Parking includes assigned spaces and on-street availability.
Tenants pay for their own electricity; the landlord covers water, sewer, and gas. Public water and sewer serve the property. Parking includes assigned spaces and on-street availability.
Key Highlights
- 1,904 square feet on a 0.15‑acre lot
- Five bedrooms and three bathrooms
- Separate electric meters; tenants pay their own electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,866
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,320
$637.3K
Cap Rate 7%
$455,229
$455.2K
Cap Rate 9%
$354,067
$354.1K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$48.7K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$45.5K $23.91/SF
− OpEx
−$13.7K −$7.17/SF
NOI
$31.9K $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%
$637,320
Cap Rate 7%
$455,229
Cap Rate 9%
$354,067
Alternative Uses
Best Use
Multifamily LT 5
$455.2K
$398.3K – $531.1K
NOI $31,866 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$418.3K
$366.0K – $488.0K
NOI $29,280 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$497.2K
$435.0K – $580.0K
NOI $34,802 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Five bedrooms and three bathrooms accompany month-to-month tenancies with tenants paying their own electric service.
Where is this duplex located?
The property is located at 1534 Asbury Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,904 square feet on a 0.15‑acre lot; Five bedrooms and three bathrooms; Separate electric meters; tenants pay their own electric
