Two-Unit Duplex with
New
For Sale
$1,050,000
186 Monmouth Avenue, Long Branch, NJ 07740
Each residence has independent utilities and private rear access to a fenced yard.
Property Size2,584 SF
Days on Market5
Property Features for 186 Monmouth Avenue
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$9,312
Amenities
laundry room with washer/dryer
fenced-in yard
tankless water heater
Building Details
Building Size
2,584 SF
Year Built
2017
Year Renovated
2026
Buildings
1
Listing Agency:
Resources Real Estate
Listed By:
Marie Jackson
(732) 212-0440
Source:
Sackmanrealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 11:49PM
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 Resources Real Estate
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Investment Insights
Based on property information with market context.
Built in 2017, this duplex contains two residences, each with 3 bedrooms and 1.5 baths. Both units include a full kitchen with a large pantry, a laundry room with washer and dryer, and a tankless water heater. Separate utilities serve each residence, and each has private rear access to a fenced yard and a dedicated one-car garage. Off-street parking is also available.
The property is on Monmouth Avenue in Long Branch, blocks from the beach, boardwalk, and Pier Village. Monmouth Medical Center, the NJ Transit train station, Monmouth University, and Netflix Studios are also identified nearby. Gregory Elementary School is on the same block, with a park at the end of the street.
The property is on Monmouth Avenue in Long Branch, blocks from the beach, boardwalk, and Pier Village. Monmouth Medical Center, the NJ Transit train station, Monmouth University, and Netflix Studios are also identified nearby. Gregory Elementary School is on the same block, with a park at the end of the street.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 baths
- Separate utilities for each unit
- One dedicated one‑car garage per residence, plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,246
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,920
$864.9K
Cap Rate 7%
$617,800
$617.8K
Cap Rate 9%
$480,511
$480.5K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$66.0K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$61.8K $23.91/SF
− OpEx
−$18.5K −$7.17/SF
NOI
$43.2K $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%
$864,920
Cap Rate 7%
$617,800
Cap Rate 9%
$480,511
Alternative Uses
Best Use
Multifamily LT 5
$617.8K
$540.6K – $720.8K
NOI $43,246 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$567.7K
$496.7K – $662.3K
NOI $39,737 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$674.7K
$590.4K – $787.2K
NOI $47,231 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
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Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has independent utilities and private rear access to a fenced yard.
Where is this duplex located?
The property is located at 186 Monmouth Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1.5 baths; Separate utilities for each unit; One dedicated one‑car garage per residence, plus off‑street parking
