Two-Unit Duplex with Walk-Up
For Sale
$655,000
Pending
282 Morris Avenue, Long Branch, NJ 07740
Multi-Family, Long Branch, NJ
Property Size1,664 SF
Lot Size0.15 Acres
Days on Market160
Property Features for 282 Morris Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
On Street
Patio and Porch features
Patio
Interior features
Attic - Walk Up, Recessed Lighting
Exterior features
Lighting
Fencing
Fenced
Basement
Full
Lot features
Level, Subdividable
Middle school
Long Branch
Directions
Broadway to Morris
Standard status
Pending
APN
27-00189-0000-00017
Size
1,664 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8688
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Multi Units
Water source
Public
Amenities
patios
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile - Ceramic, Wood
Roof type
Shingle
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
Matthew Tully · License #2075152
(908) 692-9227
Added: May 7
Changed: Oct 8
Last Checked: Oct 13 at 2:06AM
MLS# 22613321
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 1,664-square-foot duplex contains two residential units within a 1910-built property. The first floor has three bedrooms, one full bathroom, a living room, and a full kitchen. The upper unit provides two bedrooms, one full bathroom, a living room, and its own full kitchen. A full unfinished basement adds storage or work space, while the walk-up attic offers standing-height area for future consideration subject to township approvals.
The 0.15-acre parcel extends between Morris Avenue and Willow Avenue in Long Branch. Exterior features include patios, fenced yard space, a detached garage, and a private driveway, with on-street parking also noted. The property has public water and public sewer service. Beaches, shopping, restaurants, major roadways, Monmouth Medical Center, and the NJ Transit North Jersey Coast Line train station are nearby.
The 0.15-acre parcel extends between Morris Avenue and Willow Avenue in Long Branch. Exterior features include patios, fenced yard space, a detached garage, and a private driveway, with on-street parking also noted. The property has public water and public sewer service. Beaches, shopping, restaurants, major roadways, Monmouth Medical Center, and the NJ Transit North Jersey Coast Line train station are nearby.
Key Highlights
- Two‑unit duplex with 3‑bedroom first‑floor and 2‑bedroom upper‑floor layouts
- 1,664 square feet on a 0.15‑acre lot
- Full unfinished basement plus walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,849
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,980
$557.0K
Cap Rate 7%
$397,843
$397.8K
Cap Rate 9%
$309,433
$309.4K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$42.5K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$39.8K $23.91/SF
− OpEx
−$11.9K −$7.17/SF
NOI
$27.8K $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%
$556,980
Cap Rate 7%
$397,843
Cap Rate 9%
$309,433
Alternative Uses
Best Use
Multifamily LT 5
$397.8K
$348.1K – $464.2K
NOI $27,849 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$365.6K
$319.9K – $426.5K
NOI $25,589 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,415 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,630
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units include full kitchens, living areas, and a full unfinished basement for additional utility.
Where is this duplex located?
The property is located at 282 Morris Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom first‑floor and 2‑bedroom upper‑floor layouts; 1,664 square feet on a 0.15‑acre lot; Full unfinished basement plus walk‑up attic
