Duplex with Patio and Walk-Up
For Sale
$600,000
250 Broad Street, Keyport, NJ 07735
MULTI_FAMILY - Keyport, NJ
Property Size1,914 SF
Lot Size0.13 Acres
Price / SF$313.48
Days on Market93
Property Features for 250 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Basement, Bedroom 1
Parking features
On Street
Patio and Porch features
Patio
Interior features
Attic - Walk Up
Exterior features
Lighting
Basement
Full
Lot features
Corner Lot
Elementary school
St. Josephs
Middle school
Central
High school
Keyport
Directions
Route 36 to Broad Street
Standard status
Active
APN
24-00056-0000-00003
Size
1,914 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11554
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Roof type
Shingle
Listing Agency:
Preferred Properties Real Estate
Listed By:
Francine Taglianetti
(732) 531-5900
Added: Jun 4
Changed: Aug 7
Last Checked: Sep 4 at 10:06AM
MLS# 22616822
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 duplex offers two homes on one lot: a 3-bedroom home and a 1-bedroom home, providing a flexible setup for rental use or shared living arrangements. The property includes a walk-up attic and a patio, with aluminum siding and a shingle roof.
The lot totals 0.13 acres, and the property size is 1,914 square feet. The home is served by public water and public sewer. Off-street parking is noted via patio space, with on-street parking provided.
Built in 1900, the interior features include a walk-up attic. Additional exterior features include lighting.
The lot totals 0.13 acres, and the property size is 1,914 square feet. The home is served by public water and public sewer. Off-street parking is noted via patio space, with on-street parking provided.
Built in 1900, the interior features include a walk-up attic. Additional exterior features include lighting.
Key Highlights
- Two homes on one lot: 3‑bedroom home plus 1‑bedroom home
- 0.13‑acre lot
- 1,914 square feet
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
$32,033
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
5.34%
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%
$640,660
$640.7K
Cap Rate 7%
$457,614
$457.6K
Cap Rate 9%
$355,922
$355.9K
Market Conditions
NOI Build-Up for 1,914 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
$48.9K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$45.8K $23.91/SF
− OpEx
−$13.7K −$7.17/SF
NOI
$32.0K $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%
$640,660
Cap Rate 7%
$457,614
Cap Rate 9%
$355,922
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,033 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$420.5K
$367.9K – $490.6K
NOI $29,433 @ 7.0% cap · market cap 4.91%
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.
Property Analytics
Property Profile
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
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 - Duplex on one lot featuring a 3-bedroom home and a 1-bedroom home with a patio and walk-up attic access.
Where is this duplex located?
The property is located at 250 Broad Street 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 on one lot: 3‑bedroom home plus 1‑bedroom home; 0.13‑acre lot; 1,914 square feet
