Two-Unit Duplex with Bonus
For Sale
$619,000
26 Powell Lane, Barnegat, NJ 08005
Each residence has three bedrooms and one bathroom, with an additional room in the upper unit.
Property Size2,868 SF
Price / SF$215.83
Days on Market12
Property Features for 26 Powell Lane
General Information
Standard status
Active
Size
2,868 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1974
Listing Agency:
Blue Key Realty,LLC
Listed By:
Yitzy Rosenbaum
(732) 497-9994
Source:
Actionplusrealty
Added: Oct 17
Changed: Oct 26
Last Checked: Oct 28 at 8:34AM
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 Blue Key Realty,LLC
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Investment Insights
Based on property information with market context.
This Barnegat duplex is a legal two-family property with two residences. Each unit includes three bedrooms and one bathroom, and the upper residence also has a bonus room that may serve as a bedroom. The building dates to 1974 and is currently tenant occupied.
Key Highlights
- Two legal residential units
- Both residences have 3 bedrooms and 1 bathroom
- Upper unit includes 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 has three bedrooms and one bathroom, with an additional 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: Two legal residential units; Both residences have 3 bedrooms and 1 bathroom; Upper unit includes a bonus room/bedroom
