Turnkey Two-Unit Residential
264 West End Avenue Long Branch, NJ 07740
264 West End Avenue, Long Branch, NJ, 07740
$925,000
For Sale
$925,000
Tenant-occupied two-story income property with 2 full baths, two kitchens, and outdoor living space.
Property Size1,740 SF
Price / SF$531.61
Days on Market25
Property Features for 264 West End Avenue
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1910
Listing agency
Burke&Manna Real Estate Agency
(732) 455-5420
Listed by
Michael Manna · License #0900958
(732) 455-5420
Source
Compass
Added: Jun 29 Updated: Jul 22 at 1:21AM Checked: Jul 22 at 10:18AM
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 Burke&Manna Real Estate Agency
Investment Insights
Based on property information with market context.
This well-maintained, tenant-occupied two-story multifamily property is presented as a turnkey investment. The layout includes approximately 1,740 square feet with three bedrooms and two full baths, along with two kitchens. Additional features include a partially finished basement, an open front porch, a spacious patio, and a storage shed.
Located at 264 West End Avenue in Long Branch, the property is positioned near local schools, shopping, dining, and the NJ Transit North Jersey Coast Line, with the area’s beaches and boardwalk attractions also described as nearby.
The configuration supports a practical two-kitchen setup with additional interior and outdoor utility through the basement, porch, patio, and storage shed.
Located at 264 West End Avenue in Long Branch, the property is positioned near local schools, shopping, dining, and the NJ Transit North Jersey Coast Line, with the area’s beaches and boardwalk attractions also described as nearby.
The configuration supports a practical two-kitchen setup with additional interior and outdoor utility through the basement, porch, patio, and storage shed.
Key Highlights
- Tenant‑occupied two‑story multi‑family with approx. 1,740 sq. ft.
- 3 bedrooms and 2 full baths, plus two kitchens for flexible living or rental layouts
- Partially finished basement and additional storage included
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $25.56 |
| − Vacancy | −$2.9k | −$1.65 |
| EGI | $41.6k | $23.91 |
| − OpEx | −$12.5k | −$7.17 |
| NOI | $29.1k | $16.74 |
1,740 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$454.3K
$397.6K – $530.1K
NOI $31,804 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied two-story income property with 2 full baths, two kitchens, and outdoor living space.
Where is this duplex located?
The property is located at 264 West End Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Tenant‑occupied two‑story multi‑family with approx. 1,740 sq. ft.; 3 bedrooms and 2 full baths, plus two kitchens for flexible living or rental layouts; Partially finished basement and additional storage included
