Building Details

Year Built 1924

Buildings 2

Listing Agency: C21 Thomson & Co. y***@gmail.com Show Phone

Listed By: Maureen Yetman · License #9695557 Show Phone

Source: Compass

Added: May 8 Changed: Aug 31 Last Checked: Aug 30 at 11:54PM

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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.

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

Property Profile

Current Use

Smoke-Stock THH (Bike/Boat/Book/etc) Store Smoke-Stack & Chimney Cleaning ... Building Supply

Suggested Use

Top Pick Law Firm Spa & Massage Center Dental Office Real Estate Agency Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

233

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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 $2,725/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