Renovated Duplex with
For Sale
$1,319,000
1611 River Rd, Belmar, NJ 07719
Two updated residences offer flexible occupancy options with dedicated off-street parking.
Property Size2,469 SF
Price / SF$534.22
Days on Market186
Property Features for 1611 River Rd
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Sackman Realty
Listed By:
Eric Magliacane · License #2078851
(732) 798-8188
Source:
Mynewjerseyrealestate
Added: Apr 13
Changed: Oct 2
Last Checked: Oct 7 at 1:50PM
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 Sackman Realty
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Investment Insights
Based on property information with market context.
This renovated duplex contains two separate residences within 2,469 square feet. The larger unit includes 3 bedrooms and 2 full bathrooms, while the second provides 2 bedrooms and 2 full bathrooms. Both interiors have been updated with modern finishes, creating practical living spaces for rental use, owner occupancy, or multigenerational living.
The property includes a 1-car garage and a 2-car driveway for off-street parking. A new asphalt shingle roof carries a 30-year warranty. Built in 1950, the home also features a deck, bay view, storm doors, attic storage, and a crawl space. Its Belmar setting offers proximity to beaches, dining, and major routes.
The property includes a 1-car garage and a 2-car driveway for off-street parking. A new asphalt shingle roof carries a 30-year warranty. Built in 1950, the home also features a deck, bay view, storm doors, attic storage, and a crawl space. Its Belmar setting offers proximity to beaches, dining, and major routes.
Key Highlights
- Duplex with two residences totaling 2,469 square feet
- Unit mix includes 3 bedrooms and 2 full bathrooms plus 2 bedrooms and 2 full bathrooms
- Renovated interiors with updated modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,322
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,440
$826.4K
Cap Rate 7%
$590,314
$590.3K
Cap Rate 9%
$459,133
$459.1K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$63.1K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.0K $23.91/SF
− OpEx
−$17.7K −$7.17/SF
NOI
$41.3K $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%
$826,440
Cap Rate 7%
$590,314
Cap Rate 9%
$459,133
Alternative Uses
Best Use
Multifamily LT 5
$590.3K
$516.5K – $688.7K
NOI $41,322 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$542.4K
$474.6K – $632.8K
NOI $37,968 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$644.7K
$564.1K – $752.2K
NOI $45,129 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
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 - Two updated residences offer flexible occupancy options with dedicated off-street parking.
Where is this duplex located?
The property is located at 1611 River Rd Belmar, NJ.
What is the asking price?
The asking price for this property is $1,319,000.
What are key features of this property?
This property features: Duplex with two residences totaling 2,469 square feet; Unit mix includes 3 bedrooms and 2 full bathrooms plus 2 bedrooms and 2 full bathrooms; Renovated interiors with updated modern finishes
