Duplex Property with Detached
For Sale
$1,499,000
175 Broad St, Manasquan, NJ 08736
Two residences offer flexible living arrangements, storage, outdoor space, and potential rental income.
Property Size3,530 SF
Price / SF$424.65
Days on Market51
Property Features for 175 Broad St
General Information
Standard status
Active
Size
3,530 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1908
Buildings
2
Listing Agency:
Keller Williams Realty Central Monmouth
(732) 359-3203
Listed By:
Curran Group
(732) 359-3203
Source:
Currangrp
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 26 at 12:35PM
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 Central Monmouth
Investment Insights
Based on property information with market context.
This duplex property combines a three-bedroom, two-bath main residence with a separate two-bedroom, one-bath apartment positioned above a detached three-car garage. The primary home includes an oversized living room, den, enclosed porch, kitchen with center island and custom ash cabinetry, plus walk-up attic and basement storage. A fiberglass deck, patio, and second detached two-car garage add utility to the property. The AC and furnace were installed two years ago.
The property is located at 175 Broad St in Manasquan, moments from downtown, the beach, an elementary school, and a high school. Built in 1908, the layout supports multigenerational living, extended-family use, guest accommodations, or occupancy of one residence while generating potential income from the other.
The property is located at 175 Broad St in Manasquan, moments from downtown, the beach, an elementary school, and a high school. Built in 1908, the layout supports multigenerational living, extended-family use, guest accommodations, or occupancy of one residence while generating potential income from the other.
Key Highlights
- Main residence includes 3 bedrooms and 2 full baths
- Separate 2 bedroom, 1 bath apartment above a detached 3‑car garage
- Additional detached 2‑car garage serves the primary residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,181,580
$1.2M
Cap Rate 7%
$843,986
$844.0K
Cap Rate 9%
$656,433
$656.4K
Market Conditions
NOI Build-Up for 3,530 SF
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.
Gross rent
$90.2K $25.56/SF
− Vacancy
−$5.8K −$1.65/SF
EGI
$84.4K $23.91/SF
− OpEx
−$25.3K −$7.17/SF
NOI
$59.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,181,580
Cap Rate 7%
$843,986
Cap Rate 9%
$656,433
Alternative Uses
Best Use
Multifamily LT 5
$844.0K
$738.5K – $984.7K
NOI $59,079 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$775.5K
$678.6K – $904.7K
NOI $54,284 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$921.8K
$806.5K – $1.08M
NOI $64,523 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
Demographics for 08736, NJ
12,566
Population
6,155
Households
2
Avg Household Size
49
Median Age
70%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
2,674
Density / Sq Mi
$170,042
Median Household Income
$72,924
Median Earnings
$1,838
Median Rent
$849,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexible living arrangements, storage, outdoor space, and potential rental income.
Where is this duplex located?
The property is located at 175 Broad St Manasquan, NJ.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Main residence includes 3 bedrooms and 2 full baths; Separate 2 bedroom, 1 bath apartment above a detached 3‑car garage; Additional detached 2‑car garage serves the primary residence
