Two-Unit Residential Income
170 Forest Avenue Keansburg, NJ 07734
170 Forest Avenue, Keansburg, NJ, 07734
$599,000
For Sale
$599,000
Well-maintained duplex on a corner lot with two 1BR/1BA units, separate utilities, and multiple exterior improvements.
Property Size1,500 SF
Price / SF$399.33
Days on Market24
Property Features for 170 Forest Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1928
Listing agency
VRI Homes
(732) 264-9593
Listed by
Anthony Genovese · License #1859350
(732) 264-9593
Source
Compass
Added: Jun 30 Updated: Jul 22 at 1:32AM Checked: Jul 22 at 9:13AM
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 VRI Homes
Investment Insights
Based on property information with market context.
This well-maintained true two-family property offers two separate 1BR/1BA units, each with its own kitchen and living space. Recent updates include new upstairs laminate flooring, fresh paint, new doors, updated bathrooms, refinished hardwood floors, an updated downstairs kitchen, and a newer upstairs hot water heater.
The property has separate gas/electric service with shared water/sewer. Exterior amenities include a fenced yard, paver patio and walkways, ramp access, outdoor lighting, a fresh blacktop 3-car driveway, a detached garage, and two new sheds.
Set on a spacious corner lot near the Bayshore waterfront, the location provides proximity to the beach, amusement park, shopping, dining, transit, and the Raritan Bay shoreline.
The property has separate gas/electric service with shared water/sewer. Exterior amenities include a fenced yard, paver patio and walkways, ramp access, outdoor lighting, a fresh blacktop 3-car driveway, a detached garage, and two new sheds.
Set on a spacious corner lot near the Bayshore waterfront, the location provides proximity to the beach, amusement park, shopping, dining, transit, and the Raritan Bay shoreline.
Key Highlights
- Two‑family (duplex) with 2 levels and a crawl space, built in 1928
- 2 units, each with 1 bedroom and 1 full bath, with separate kitchen and living space
- Separate gas/electric utilities with shared water/sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $25.56 |
| − Vacancy | −$2.5k | −$1.65 |
| EGI | $35.9k | $23.91 |
| − OpEx | −$10.8k | −$7.17 |
| NOI | $25.1k | $16.74 |
1,500 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K
NOI $25,104 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$329.5K
$288.3K – $384.5K
NOI $23,067 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex on a corner lot with two 1BR/1BA units, separate utilities, and multiple exterior improvements.
Where is this duplex located?
The property is located at 170 Forest Avenue Keansburg, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family (duplex) with 2 levels and a crawl space, built in 1928; 2 units, each with 1 bedroom and 1 full bath, with separate kitchen and living space; Separate gas/electric utilities with shared water/sewer
