Turn-Key Two-Family
233 Broadway Union Beach, NJ 07735
233 Broadway, Union Beach, NJ, 07735
$599,999
For Sale
$599,999
Two fully occupied units with off-street parking, backyard space, and a garage, with leases secured through early 2026.
Property Size2,482 SF
Price / SF$241.74
Days on Market170
Property Features for 233 Broadway
General Information
- Standard status
- Active
- Size
- 2,482 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
EXP Realty
(866) 201-6210
Listed by
Anthony Barone · License #20826226
(866) 201-6210
Source
Compass
Added: Feb 1 Updated: Jul 20 at 9:25PM Checked: Jul 21 at 6:33AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This turn-key two-family property is income-producing and has both units fully occupied with leases secured through early 2026. The first-floor unit offers two bedrooms plus a bonus room and includes access to the basement. Unit 2 features two bedrooms. The property also includes a garage for extra storage and a spacious backyard, along with off-street parking.
Solar panels are fully owned and generate SREC credits, providing an additional passive income stream for the next owner. The home is located at 233 Broadway in Union Beach, NJ.
Set on a large lot, the duplex configuration supports straightforward separate living spaces while maintaining shared outdoor space and parking. This setup may appeal to buyers seeking a stabilized, low-maintenance residential income asset.
Solar panels are fully owned and generate SREC credits, providing an additional passive income stream for the next owner. The home is located at 233 Broadway in Union Beach, NJ.
Set on a large lot, the duplex configuration supports straightforward separate living spaces while maintaining shared outdoor space and parking. This setup may appeal to buyers seeking a stabilized, low-maintenance residential income asset.
Key Highlights
- 2‑family home with both units fully occupied; leases secured through early 2026
- 5 bedrooms and 2 full bathrooms total; 2 levels with full basement
- First‑floor unit has 2 bedrooms plus a bonus room with basement access
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $25.56 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.3k | $23.91 |
| − OpEx | −$17.8k | −$7.17 |
| NOI | $41.5k | $16.74 |
2,482 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$593.4K
$519.2K – $692.3K
NOI $41,539 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$545.3K
$477.1K – $636.1K
NOI $38,168 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$648.1K
$567.1K – $756.1K
NOI $45,367 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two fully occupied units with off-street parking, backyard space, and a garage, with leases secured through early 2026.
Where is this duplex located?
The property is located at 233 Broadway Union Beach, NJ.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 2‑family home with both units fully occupied; leases secured through early 2026; 5 bedrooms and 2 full bathrooms total; 2 levels with full basement; First‑floor unit has 2 bedrooms plus a bonus room with basement access
