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Multifamily Property with Garage Apartment
For Lease
$2,600/Mo

251 Main Street, Port Monmouth, NJ 07758

Residential income property with a front home and an occupied apartment above the detached garage.

Space SizeContact for details
Days on Market179

Property Features for 251 Main Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Rental / Single Family Residence
Lease Term Lease Length: Annual,Multi-Year

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,868

Amenities

1
Full
2
1.0
0.0
No

Building Details

Year Built 1924
Buildings 2
Listing Agency: C21 Thomson & Co.
Listed By: Maureen Yetman · License #9695557
Source: Compass
Added: May 8 Changed: Nov 1 Last Checked: Nov 1 at 8:00AM

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 C21 Thomson & Co.

Rey
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Investment Insights

Based on property information with market context.

This multifamily property includes a front residence and a separate rear structure with a two-car garage and an apartment on the upper level. The apartment is occupied by a tenant, providing an existing residential income component. The front home may serve as an owner’s residence or an additional rental unit, subject to applicable requirements.

The property contains 1,420 square feet and was built in 1924. Residential zoning supports the property’s existing residential configuration, while the separate buildings provide distinct living and parking areas. Located at 251 Main Street in Port Monmouth, New Jersey, the property offers an on-site living arrangement with an additional occupied unit.

Key Highlights

  • Front home plus separate rear garage‑and‑apartment structure
  • Two‑car garage provides enclosed parking or storage
  • Apartment above the garage is currently occupied by a tenant

Property Analytics

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Lease Details

2
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby

Demographics for 07758, NJ

4,942
Population
1,653
Households
3
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
3,089
Density / Sq Mi
$121,150
Median Household Income
$55,761
Median Earnings
$1,203
Median Rent
$478,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Residential income property with a front home and an occupied apartment above the detached garage.
Where is this multifamily property located?
The property is located at 251 Main Street Port Monmouth, NJ.
What is the lease rate?
The lease rate is $2,600/Mo.
What are key features of this property?
This property features: Front home plus separate rear garage‑and‑apartment structure; Two‑car garage provides enclosed parking or storage; Apartment above the garage is currently occupied by a tenant
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