1702 Grand Avenue Asbury Park, NJ 07712
1702 Grand Avenue, Asbury Park, NJ, 07712
$1,350,000
For Sale
$1,350,000
Triplexes
Property Size3,600 SF
Price / SF$375
Days on Market78
Property Features for 1702 Grand Avenue
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1950
Listing agency
Sackman Realty
Listed by
Josh Starner
(833) 740-1234
Source
Actionplusrealty
Added: May 6 Updated: Jul 21 at 11:02AM Checked: Jul 22 at 8:04AM
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
Investment Insights
Based on property information with market context.
Key Highlights
- 1950‑built three‑family home with 2 one‑bedroom/one‑bath units and 1 oversized two‑bedroom/two‑bath unit
- Professionally managed property designed for rental income, with two large 1BR/1BA apartments and one 2BR/2BA unit
- Long driveway plus detached garage for tenant and owner/off‑street parking
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 | $92.0k | $25.56 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $86.1k | $23.91 |
| − OpEx | −$25.8k | −$7.17 |
| NOI | $60.3k | $16.74 |
3,600 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.7K
$753.1K – $1.00M
NOI $60,250 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,802 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
Where is this triplex located?
The property is located at 1702 Grand Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1950‑built three‑family home with 2 one‑bedroom/one‑bath units and 1 oversized two‑bedroom/two‑bath unit; Professionally managed property designed for rental income, with two large 1BR/1BA apartments and one 2BR/2BA unit; Long driveway plus detached garage for tenant and owner/off‑street parking
