Duplex With Private
For Sale
$589,000
173 - 173A Forest Avenue, Keansburg, NJ 07734
Two separate residences each have a private entrance, with three-bedroom and two-bedroom layouts.
Property Size1,604 SF
Price / SF$367.21
Days on Market11
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 173 - 173A Forest Avenue
General Information
Standard status
Active
Size
1,604 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1928
Listing Agency:
Keller Williams Realty East Monmouth
Listed By:
Allison M Kane · License #0572876
(732) 203-1290
Source:
Actionplusrealty
Added: Oct 5
Changed: Oct 15
Last Checked: Oct 14 at 11:46PM
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 Keller Williams Realty East Monmouth
Investment Insights
Based on property information with market context.
This 1,604-square-foot duplex contains two separate living spaces, each with its own entrance. One residence has 3 bedrooms and 2 full bathrooms; the other has 2 bedrooms and 1 full bathroom. Built in 1928, the property also includes a large driveway and a generous lot.
The Keansburg property is described as close to the Bayshore, beaches, local attractions, shopping, and transportation.
The Keansburg property is described as close to the Bayshore, beaches, local attractions, shopping, and transportation.
Key Highlights
- Two separate residences, each with its own private entrance
- Unit mix: 3 bedrooms and 2 full baths; 2 bedrooms and 1 full bath
- 1,604 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,845
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,900
$536.9K
Cap Rate 7%
$383,500
$383.5K
Cap Rate 9%
$298,278
$298.3K
Market Conditions
NOI Build-Up for 1,604 SF
Gross rent
$41.0K $25.56/SF
− Vacancy
−$2.6K −$1.65/SF
EGI
$38.3K $23.91/SF
− OpEx
−$11.5K −$7.17/SF
NOI
$26.8K $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%
$536,900
Cap Rate 7%
$383,500
Cap Rate 9%
$298,278
Alternative Uses
Best Use
Multifamily LT 5
$383.5K
$335.6K – $447.4K
NOI $26,845 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$352.4K
$308.3K – $411.1K
NOI $24,666 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$418.8K
$366.5K – $488.7K
NOI $29,319 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
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 separate residences each have a private entrance, with three-bedroom and two-bedroom layouts.
Where is this duplex located?
The property is located at 173 - 173A Forest Avenue Keansburg, NJ.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two separate residences, each with its own private entrance; Unit mix: 3 bedrooms and 2 full baths; 2 bedrooms and 1 full bath; 1,604 square feet
