Updated Two-Family
New
For Sale
$575,000
214 4th Street, Hazlet, NJ 07730
Multi-Family, Hazlet, NJ
Property Size1,927 SF
Lot Size0.11 Acres
Price / SF$298.39
Days on Market3
Property Features for 214 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking
3
Parking features
Off Street, On Street, Paved or Surfaced
Patio and Porch features
Patio
Interior features
Attic
Fencing
Fenced
Fireplace
1
Basement
Crawl Space
Elementary school
Cove Road
Middle school
Hazlet Middle
High school
Raritan
Directions
Route 36 to Laurel Ave to fourth St.
Standard status
Active
APN
18-00011-0000-00006
Size
1,927 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7912
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Multi Units
Water source
Public
Amenities
fenced yard
Building Details
Year built
1933
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Cedar Shake, Brick
Roof type
Shingle
Listing Agency:
RE/MAX First Class
Listed By:
Susan Farrant · License #0017745
(732) 842-8420
Added: Sep 25
Changed: Sep 27
Last Checked: Sep 27 at 7:06PM
MLS# 22630485
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.
This legal two-family duplex contains 1,927 square feet, with a three-bedroom residence downstairs and a two-bedroom unit above. Both interiors have been updated, including fresh paint and new flooring. The property also has an attic, a patio, a fireplace, forced-air heat, and multiple cooling units. The fenced yard serves both residences. The home was built in 1933 on a 0.11-acre lot.
An NYC bus stop is at the corner, with a beach nearby. The Henry Hudson Trail and shopping are also in the surrounding area.
An NYC bus stop is at the corner, with a beach nearby. The Henry Hudson Trail and shopping are also in the surrounding area.
Key Highlights
- Two legal residential units: three bedrooms downstairs and two upstairs
- Both units updated with fresh paint and new flooring
- 1,927 square feet on a 0.11‑acre lot
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
$32,251
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
5.61%
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%
$645,020
$645.0K
Cap Rate 7%
$460,729
$460.7K
Cap Rate 9%
$358,344
$358.3K
Market Conditions
NOI Build-Up for 1,927 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
$49.3K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$46.1K $23.91/SF
− OpEx
−$13.8K −$7.17/SF
NOI
$32.3K $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%
$645,020
Cap Rate 7%
$460,729
Cap Rate 9%
$358,344
Alternative Uses
Best Use
Multifamily LT 5
$460.7K
$403.1K – $537.5K
NOI $32,251 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$423.3K
$370.4K – $493.9K
NOI $29,633 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 07730, NJ
17,263
Population
6,713
Households
2.6
Avg Household Size
44
Median Age
32%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
3,320
Density / Sq Mi
$122,276
Median Household Income
$62,017
Median Earnings
$1,149
Median Rent
$452,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate three- and two-bedroom layouts share a fenced outdoor area.
Where is this duplex located?
The property is located at 214 4th Street Hazlet, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two legal residential units: three bedrooms downstairs and two upstairs; Both units updated with fresh paint and new flooring; 1,927 square feet on a 0.11‑acre lot
