Updated Duplex with
209 MAIN ST, Keyport, NJ 07735
For Sale
$900,000
Two residences provide separate three-bedroom layouts, including one with 2.5 bathrooms and the other with 1.5.
Property Size3,893 SF
Price / SF$231.18
Days on Market21
Property Features for 209 MAIN ST
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Listing Agency:
Swink Realty
(856) 765-3999
Listed By:
Emilie Siderio · License #2078025
(856) 418-7741
Source:
Sandrasellstheshore
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 8 at 5:14AM
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 Swink Realty
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Investment Insights
Based on property information with market context.
This 3,893-square-foot duplex contains two residences. The owner's unit has three bedrooms, 2.5 bathrooms, an updated interior, and an open-concept living area anchored by a kitchen with ample cabinetry and counter space. A second residence provides three bedrooms and 1.5 bathrooms. The property also includes a garage/workshop and a backyard.
The property is at 209 Main Street in Keyport, moments from the Keyport Waterfront along Raritan Bay. Downtown, the promenade, local restaurants, and the Garden State Parkway are nearby. The remarks also note access to New York City transportation and the future Netflix Studios campus at Fort Monmouth.
The property is at 209 Main Street in Keyport, moments from the Keyport Waterfront along Raritan Bay. Downtown, the promenade, local restaurants, and the Garden State Parkway are nearby. The remarks also note access to New York City transportation and the future Netflix Studios campus at Fort Monmouth.
Key Highlights
- Two residences, each with 3 bedrooms
- Owner's unit: 2.5 bathrooms, updated interior, and open‑concept living area
- Second unit: 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,154
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,080
$1.3M
Cap Rate 7%
$930,771
$930.8K
Cap Rate 9%
$723,933
$723.9K
Market Conditions
NOI Build-Up for 3,893 SF
Gross rent
$99.5K $25.56/SF
− Vacancy
−$6.4K −$1.65/SF
EGI
$93.1K $23.91/SF
− OpEx
−$27.9K −$7.17/SF
NOI
$65.2K $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%
$1,303,080
Cap Rate 7%
$930,771
Cap Rate 9%
$723,933
Alternative Uses
Best Use
Multifamily LT 5
$930.8K
$814.4K – $1.09M
NOI $65,154 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$855.2K
$748.3K – $997.8K
NOI $59,867 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.02M
$889.5K – $1.19M
NOI $71,158 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Monmouth County, NJ
Properties on Market for Duplexes in Monmouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate three-bedroom layouts, including one with 2.5 bathrooms and the other with 1.5.
Where is this duplex located?
The property is located at 209 MAIN ST Keyport, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms; Owner's unit: 2.5 bathrooms, updated interior, and open‑concept living area; Second unit: 1.5 bathrooms
