27 Spring Street Freehold, NJ 07728
27 Spring Street, Freehold, NJ, 07728
$999,000
For Sale
$999,000
Triplexes
Property Size2,680 SF
Price / SF$372.76
Days on Market153
Property Features for 27 Spring Street
General Information
- Standard status
- Active
- Size
- 2,680 SF
- Property subtype
- Multi-Family / Three Family
Building Details
- Year Built
- 1905
Listing agency
NEXT HOME FORCE REALTY PARTNER
(732) 768-1188
Listed by
MICHELLE LORME · License #1648509
Source
Compass
Added: Feb 18 Updated: Jul 21 at 3:40AM Checked: Jul 21 at 3:40AM
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 NEXT HOME FORCE REALTY PARTNER
Investment Insights
Based on property information with market context.
Key Highlights
- Victorian three‑family home (2 levels) built in 1905 with a partial basement
- 3 leased units: two 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 1.5‑bath residence spanning two levels
- Each unit has a private entrance
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 | $68.5k | $25.56 |
| − Vacancy | −$4.4k | −$1.65 |
| EGI | $64.1k | $23.91 |
| − OpEx | −$19.2k | −$7.17 |
| NOI | $44.9k | $16.74 |
2,680 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$640.8K
$560.7K – $747.6K
NOI $44,853 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$699.8K
$612.3K – $816.4K
NOI $48,986 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
Where is this triplex located?
The property is located at 27 Spring Street Freehold, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Victorian three‑family home (2 levels) built in 1905 with a partial basement; 3 leased units: two 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 1.5‑bath residence spanning two levels; Each unit has a private entrance
