Duplex with Two
For Sale
$899,000
264 West End Avenue, Long Branch, NJ 07740
Multi-Family, Long Branch, NJ
Property Size1,740 SF
Lot Size0.19 Acres
Price / SF$516.67
Days on Market50
Property Features for 264 West End Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Basement
Partially Finished
Elementary school
Garfield
Middle school
Long Branch
High school
Long Branch
Directions
Take exit 105 on GSP to HWY 36, right on Hwy 35 to right on Industrial Way, right on Wall St, right on Norwood, left on West End, cross over Westwood to 246.
Subdivision
West End
Standard status
Active
APN
27-00117-0000-00008
Size
1,740 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11637
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units
Water source
Public
Amenities
open front porch
spacious patio
storage shed
partially finished basement
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Listing Agency:
Burke&Manna Real Estate Agency
(732) 455-5420
Listed By:
Michael Manna · License #0900958
(732) 455-5420
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 26 at 5:06PM
MLS# 22620715
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 1,740-square-foot duplex was built in 1910 and is configured across two stories with 3 bedrooms, 2 full baths, and two kitchens. The property also includes a partially finished basement, an open front porch, a spacious patio, and a storage shed. Baseboard heating, multi-unit cooling, public water, and public sewer serve the property.
Positioned on a 0.19-acre lot at 264 West End Avenue in Long Branch, the tenant-occupied building provides an existing residential income configuration. Its proximity to beaches, the boardwalk, Pier Village, Monmouth University, Monmouth Medical Center, schools, shopping, dining, and the NJ Transit North Jersey Coast Line places a range of established coastal-area amenities and transportation options nearby.
Positioned on a 0.19-acre lot at 264 West End Avenue in Long Branch, the tenant-occupied building provides an existing residential income configuration. Its proximity to beaches, the boardwalk, Pier Village, Monmouth University, Monmouth Medical Center, schools, shopping, dining, and the NJ Transit North Jersey Coast Line places a range of established coastal-area amenities and transportation options nearby.
Key Highlights
- Two‑story duplex with 3 bedrooms, 2 full baths, and two kitchens
- 1,740 square feet on a 0.19‑acre lot
- Tenant‑occupied residential income property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,420
$582.4K
Cap Rate 7%
$416,014
$416.0K
Cap Rate 9%
$323,567
$323.6K
Market Conditions
NOI Build-Up for 1,740 SF
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.
Gross rent
$44.5K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.6K $23.91/SF
− OpEx
−$12.5K −$7.17/SF
NOI
$29.1K $16.74/SF
Area
Monmouth 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,420
Cap Rate 7%
$416,014
Cap Rate 9%
$323,567
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$454.3K
$397.6K – $530.1K
NOI $31,804 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-story duplex with a partially finished basement, porch, patio, and storage shed.
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 $899,000.
What are key features of this property?
This property features: Two‑story duplex with 3 bedrooms, 2 full baths, and two kitchens; 1,740 square feet on a 0.19‑acre lot; Tenant‑occupied residential income property
