Two-Family Duplex with
28 7th Ave, Long Branch, NJ 07740
For Sale
$549,000
The up-and-down arrangement includes a full bathroom in each residence and a driveway with additional on-street parking.
Property Size1,985 SF
Price / SF$276.57
Days on Market8
Property Features for 28 7th Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Tenancy
Listing Agency:
Housemart Realty, LLC
Listed By:
Anthony C Jankowski · License #9332889
(732) 740-9400
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 7:29AM
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 Housemart Realty, LLC
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Investment Insights
Based on property information with market context.
Located at 28 7th Ave in Long Branch, this legal two-family property has an up-and-down layout, a 4/1 configuration, and 1,985 square feet. Each unit has a full bathroom. The property also includes a full basement, a large yard, and a substantial driveway, with on-street parking available as well.
The roof was replaced in 2025; the windows, siding, and heating system are about 8 years old. Long-term tenants are willing to remain and pay market rents. Broadway shopping and dining are nearby, as is Long Branch’s redevelopment area east of the train tracks.
The roof was replaced in 2025; the windows, siding, and heating system are about 8 years old. Long-term tenants are willing to remain and pay market rents. Broadway shopping and dining are nearby, as is Long Branch’s redevelopment area east of the train tracks.
Key Highlights
- Legal two‑family property with an up‑and‑down layout and 4/1 configuration
- 1,985 square feet; each unit has 1 full bathroom
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,221
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,420
$664.4K
Cap Rate 7%
$474,586
$474.6K
Cap Rate 9%
$369,122
$369.1K
Market Conditions
NOI Build-Up for 1,985 SF
Gross rent
$50.7K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$47.5K $23.91/SF
− OpEx
−$14.2K −$7.17/SF
NOI
$33.2K $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 Rate 5%
$664,420
Cap Rate 7%
$474,586
Cap Rate 9%
$369,122
Alternative Uses
Best Use
Multifamily LT 5
$474.6K
$415.3K – $553.7K
NOI $33,221 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,525 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,283 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
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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
$521,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monmouth County, NJ
Properties on Market for Duplexes in Monmouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The up-and-down arrangement includes a full bathroom in each residence and a driveway with additional on-street parking.
Where is this duplex located?
The property is located at 28 7th Ave Long Branch, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Legal two‑family property with an up‑and‑down layout and 4/1 configuration; 1,985 square feet; each unit has 1 full bathroom; Roof replaced in 2025
