Duplex with
New
For Sale
$619,000
26 Powell Lane, Barnegat, NJ 08005
Multi-Family, Barnegat, NJ
Property Size2,868 SF
Lot Size0.14 Acres
Price / SF$215.83
Days on Market5
Property Features for 26 Powell Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 1
Patio and Porch features
Deck
Exterior features
Deck
Basement
Crawl Space
Middle school
Russ Brackman
Directions
E Bay to Powell ave
Standard status
Active
APN
01-00260-0000-00002
Size
2,868 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9123
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Well
Building Details
Year built
1974
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
Blue Key Realty, LLC
Listed By:
Yitzy Rosenbaum
(732) 497-9994
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 24 at 11:06AM
MLS# 22633209
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.
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains 2,868 square feet, with two three-bedroom, one-bath units. The upper residence also includes a bonus room that can serve as a bedroom. Both units are tenant-occupied, and the property has a deck.
Built in 1974 on a 0.14-acre lot, the home is equipped with forced-air heating, well water, and public sewer. Located in Barnegat, the property’s two-unit configuration and existing occupancy are established features of the offering.
Built in 1974 on a 0.14-acre lot, the home is equipped with forced-air heating, well water, and public sewer. Located in Barnegat, the property’s two-unit configuration and existing occupancy are established features of the offering.
Key Highlights
- Legal two‑family duplex with both units tenant‑occupied
- 2,868 square feet on a 0.14‑acre lot
- Two three‑bedroom, one‑bath units; upper unit has a bonus room/bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,999
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,980
$960.0K
Cap Rate 7%
$685,700
$685.7K
Cap Rate 9%
$533,322
$533.3K
Market Conditions
NOI Build-Up for 2,868 SF
Gross rent
$73.3K $25.56/SF
− Vacancy
−$4.7K −$1.65/SF
EGI
$68.6K $23.91/SF
− OpEx
−$20.6K −$7.17/SF
NOI
$48.0K $16.74/SF
Area
Ocean 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 Rate 5%
$959,980
Cap Rate 7%
$685,700
Cap Rate 9%
$533,322
Alternative Uses
Best Use
Multifamily LT 5
$685.7K
$600.0K – $800.0K
NOI $47,999 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$630.1K
$551.3K – $735.1K
NOI $44,104 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$748.9K
$655.3K – $873.7K
NOI $52,422 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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Business Placement
Demographics for 08005, NJ
25,814
Population
11,671
Households
2.2
Avg Household Size
49
Median Age
34%
College-Educated
94%
High-School Grad
53.5 sq mi
ZIP Area
483
Density / Sq Mi
$92,548
Median Household Income
$47,209
Median Earnings
$1,949
Median Rent
$356,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms and one bathroom, with an extra room in the upper unit.
Where is this duplex located?
The property is located at 26 Powell Lane Barnegat, NJ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Legal two‑family duplex with both units tenant‑occupied; 2,868 square feet on a 0.14‑acre lot; Two three‑bedroom, one‑bath units; upper unit has a bonus room/bedroom
