Two-Home Multifamily
For Sale
$600,000
250 Broad St, Keyport, NJ 07735
Separate three-bedroom and one-bedroom homes share a single lot with off-street parking.
Property Size1,914 SF
Price / SF$313.48
Days on Market88
Property Features for 250 Broad St
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Preferred Properties Real Estate
Listed By:
Francine Taglianetti
(732) 531-5900
Source:
Mynewjerseyrealestate
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 2:21PM
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 Preferred Properties Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property comprises two homes on one lot, with a combined 1,914 square feet. The configuration includes one three-bedroom residence and a separate one-bedroom residence, providing distinct living spaces within the same property. Off-street parking is included, and the property dates to 1900.
The location offers access to the Garden State Parkway and NYC transportation. Shopping, dining, and waterfront parks are also identified as nearby area amenities.
The location offers access to the Garden State Parkway and NYC transportation. Shopping, dining, and waterfront parks are also identified as nearby area amenities.
Key Highlights
- Two homes situated on one lot
- Three‑bedroom home plus separate one‑bedroom home
- Combined property size of 1,914 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,433
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,660
$588.7K
Cap Rate 7%
$420,471
$420.5K
Cap Rate 9%
$327,033
$327.0K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$57.4K $30.00/SF
− Vacancy
−$3.9K −$2.04/SF
EGI
$53.5K $27.96/SF
− OpEx
−$24.1K −$12.58/SF
NOI
$29.4K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,660
Cap Rate 7%
$420,471
Cap Rate 9%
$327,033
Alternative Uses
Best Use
Apartment 5plus
$420.5K
$367.9K – $490.6K
NOI $29,433 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.8K
$437.3K – $583.1K
NOI $34,985 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
904
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate three-bedroom and one-bedroom homes share a single lot with off-street parking.
Where is this multifamily property located?
The property is located at 250 Broad St Keyport, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two homes situated on one lot; Three‑bedroom home plus separate one‑bedroom home; Combined property size of 1,914 square feet
