Duplex with Full
New
For Sale
$549,000
28 7th Avenue, Long Branch, NJ 07740
Multi-Family, Long Branch, NJ
Property Size1,985 SF
Lot Size0.21 Acres
Price / SF$276.57
Days on Market1
Property Features for 28 7th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Parking features
Off Street
Basement
Full
Middle school
Long Branch
Directions
28 7th Ave near the intersection of 7th and Broadway; 7th Ave is across from the Municipal Complex.
Standard status
Active
APN
27-00266-0000-00008
Size
1,985 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7065
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
full basement
large yard
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Housemart Realty, LLC
Listed By:
Anthony C Jankowski · License #9332889
(732) 740-9400
Added: Nov 2
Last Checked: Nov 2 at 4:06PM
MLS# 22631038
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.
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Investment Insights
Based on property information with market context.
This 1,985-square-foot duplex, built in 1910, contains two vertically arranged residences with a 4/1 configuration and one full bathroom in each unit. The property includes a full basement and a large yard. The roof was replaced in 2025; the windows, siding, and heating system are about 8 years old. Cosmetic work remains. Long-term tenants are willing to continue their tenancies at market rents.
The 0.21-acre property is near Broadway shopping and dining and the redevelopment area east of the train tracks. Off-street parking is provided by a large driveway, with additional on-street parking available. Public water and public sewer serve the property.
The 0.21-acre property is near Broadway shopping and dining and the redevelopment area east of the train tracks. Off-street parking is provided by a large driveway, with additional on-street parking available. Public water and public sewer serve the property.
Key Highlights
- Legal two‑family duplex with upper and lower units
- 1,985 square feet on a 0.21‑acre lot
- 4/1 configuration; one full bathroom in each unit
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout has upper and lower residences, each with one full bathroom.
Where is this duplex located?
The property is located at 28 7th Avenue 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 duplex with upper and lower units; 1,985 square feet on a 0.21‑acre lot; 4/1 configuration; one full bathroom in each unit
