1702 Grand Avenue Asbury Park, NJ 07712
MULTI_FAMILY - Asbury Park, NJ
Property Features for 1702 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bathroom 4
- Parking
- 3
- Parking features
- On Street, Off Street
- Basement
- Full
- Standard status
- Active
- APN
- 04-03704-0000-00006
- Size
- 3,600 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 22044
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Zoned
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Wood
- Building materials
- Brick
- Roof type
- Shingle, Flat
Listing agent Josh Starner License #2191038 (732) 798-8188
Listing office Sackman Realty 513 Cookman Ave., Asbury Park, NJ (732) 798-8188
Listing date May 27, 2026
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Three‑family home with two 1BR/1BA apartments and one oversized 2BR/2BA unit
- Brick construction built in 1950
- Zoned forced‑air heating and zoned central air conditioning
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 |
