Two-Unit
New
For Sale
$575,000
170 Forest Avenue, Keansburg, NJ 07734
Residential Income, Keansburg, NJ
Property Size1,360 SF
Lot Size0.14 Acres
Price / SF$422.79
Days on Market7
Property Features for 170 Forest Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SF05
Zoning description
Buyer Should Verify
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Dining Room, Bathroom 2
Parking features
Garage
Interior features
Unit 1(1 Bath, 1 Bedroom, Kitchen, Living Room), Unit 2(1 Bath, 1 Bedroom, Dining Room, Kitchen)
Appliances
Water Heater(Gas), Water Heater
Lot features
Corner Lot
Directions
GPS to 170 Forest Ave, Keansburg, NJ 07734
Standard status
Active
APN
2300152000000005
Size
1,360 SF
Lot size
0.14 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7391
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
fenced yard
paver patio and walkways
ramp access
detached garage
outdoor lighting
two newer sheds
attic storage
Building Details
Year built
1928
Floors in Building
2
Building materials
Block
Roof type
Asphalt
Listing Agency:
VRI HOMES
(732) 719-2211
Listed By:
Anthony Genovese · License #NJ1859350
(732) 977-2675
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 31 at 1:06PM
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 1,360-square-foot duplex contains two residences, each configured with one bedroom, one bathroom, a kitchen and living space. The property occupies a 0.1446-acre corner lot and is zoned SF05. Interior work includes refreshed bathrooms, an updated first-floor kitchen, refinished hardwood flooring, new laminate upstairs, fresh paint and replacement doors. A newer upstairs water heater is also in place.
Separate gas and electric service serve the units, while water and sewer are shared. Exterior features include a fenced yard, paver patio and walkways, ramp access, outdoor lighting, two sheds, attic storage and a detached garage. The paved driveway accommodates three cars. The property is near the beach, waterfront attractions, retail, dining and transit.
Separate gas and electric service serve the units, while water and sewer are shared. Exterior features include a fenced yard, paver patio and walkways, ramp access, outdoor lighting, two sheds, attic storage and a detached garage. The paved driveway accommodates three cars. The property is near the beach, waterfront attractions, retail, dining and transit.
Key Highlights
- Two residences, each with 1 bedroom and 1 bathroom
- 1,360 square feet on a 0.1446‑acre corner lot
- Separate gas and electric; shared water and sewer
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained residences feature separate kitchens and living areas, with separate gas and electric 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 residences, each with 1 bedroom and 1 bathroom; 1,360 square feet on a 0.1446‑acre corner lot; Separate gas and electric; shared water and sewer
