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Duplex with Finished Basement
New
For Sale
$1,199,000

254 Martin Luther King Drive, Lakewood, NJ 08701

Residential, Duplex, Lakewood, NJ

Property SizeContact for details
Days on Market3

Property Features for 254 Martin Luther King Drive

General Information

Property type Residential
Property subtype Duplex
Zoning description Residential
Bedrooms 8
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 4, Bedroom 6, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 3
Patio and Porch features Deck, Porch
Interior features Attic, Ceilings - 9Ft+ 1st Flr, Dec Molding, Recessed Lighting
Basement Full, Finished
Middle school Lakewood
Directions Pine St to Martin Luther King Dr
Standard status Active
APN 0000000

Utilities

Sewer type Public Sewer
Heating system Zoned, Natural Gas
Cooling system Zoned
Water source Public

Building Details

Floors in Building 2
Roof type Shingle
Architectural style Colonial
Listing Agency: Good Choice Realty
Listed By: Esther P Goodman · License #1007419
Added: Oct 11 Changed: Oct 12 Last Checked: Oct 13 at 8:06AM
MLS# 22632227

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 Colonial duplex at 254 Martin Luther King Drive in Lakewood has eight bedrooms, including five on the second floor and three in the finished basement. The main living and dining area features hardwood flooring, recessed lighting, and decorative moldings. The kitchen has granite counters, stainless steel appliances, a pantry, and ample cabinetry, with a playroom adjacent to it. An attic is also included.

Outdoor features include a yard, deck, and porch. The property has zoned heating and cooling, with natural gas heat, public water, and public sewer.

Key Highlights

  • Eight bedrooms: five on the second floor and three in the finished basement
  • Finished basement described as rentable
  • Kitchen includes granite counters, stainless steel appliances, pantry, and ample cabinetry

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic Storage Facility Auto Parts Store Locksmith

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

Location Intelligence

Trade Area within ½ mile

821
Businesses Nearby

Demographics for 08701, NJ

135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - Eight bedrooms include five on the second floor and three in the finished basement.
Where is this duplex located?
The property is located at 254 Martin Luther King Drive Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Eight bedrooms: five on the second floor and three in the finished basement; Finished basement described as rentable; Kitchen includes granite counters, stainless steel appliances, pantry, and ample cabinetry
More about this property
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