Duplex with Detached
170 Forest Avenue, Keansburg, NJ 07734
For Sale
$575,000
Residential Income, Keansburg, NJ
Property Size1,360 SF
Lot Size0.14 Acres
Price / SF$422.79
Days on Market13
Property Features for 170 Forest Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced yard
paver patio
ramp access
detached garage
2 newer sheds
attic storage
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
VRI HOMES
(732) 719-2211
Listed By:
Anthony Genovese · License #NJ1859350
(732) 977-2675
Added: Oct 25
Changed: Nov 6
Last Checked: Nov 6 at 8:06PM
MLS# 2706920R
Copyright © 2026 All Jersey 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.
This vacant duplex contains two one-bedroom, one-bathroom residences within 1,360 square feet. Each has a kitchen and living area; one also includes a dining room. Separate heat systems, hot water heaters, and gas and electric meters serve the units, while water and sewer are shared. Interior work includes an updated kitchen and bathrooms on the lower level, refinished hardwood, newer laminate upstairs, fresh paint, and replacement doors.
The 0.1446-acre corner parcel has a fenced yard, paver patio, ramp access, and a three-car driveway. Additional space includes a detached garage, two newer sheds, and attic storage. The property is near Keansburg beaches, waterfront attractions, retail, dining, and transit.
The 0.1446-acre corner parcel has a fenced yard, paver patio, ramp access, and a three-car driveway. Additional space includes a detached garage, two newer sheds, and attic storage. The property is near Keansburg beaches, waterfront attractions, retail, dining, and transit.
Key Highlights
- Two one‑bedroom, one‑bathroom units in a 1,360‑square‑foot duplex
- Separate gas and electric meters, heat systems, and hot water heaters for each unit
- 0.1446‑acre corner lot with fenced yard and paver patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,761
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,220
$455.2K
Cap Rate 7%
$325,157
$325.2K
Cap Rate 9%
$252,900
$252.9K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$34.8K $25.56/SF
− Vacancy
−$2.2K −$1.65/SF
EGI
$32.5K $23.91/SF
− OpEx
−$9.8K −$7.17/SF
NOI
$22.8K $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%
$455,220
Cap Rate 7%
$325,157
Cap Rate 9%
$252,900
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$298.8K
$261.4K – $348.6K
NOI $20,914 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$355.1K
$310.7K – $414.3K
NOI $24,859 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
508
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
$310,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monmouth County, NJ
Properties on Market for Duplexes in Monmouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences include individual kitchens and living areas, with shared water and sewer service.
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 $575,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units in a 1,360‑square‑foot duplex; Separate gas and electric meters, heat systems, and hot water heaters for each unit; 0.1446‑acre corner lot with fenced yard and paver patio
