New Construction
New
For Sale
$1,550,000
3 Buttel Avenue, Lakewood, NJ 08701
Residential, Duplex, Lakewood, NJ
Property Size3,800 SF
Price / SF$407.89
Days on Market1
Property Features for 3 Buttel Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Basement, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Patio and Porch features
Porch
Basement
Finished, Walk-Out Access
Elementary school
Adamsville
Middle school
Lakewood
Directions
Cedar Street to Henry Street onto River Ave
Standard status
Active
APN
15-00418-0000-00001.02
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Natural Gas
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Floors in Building
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX On the Move Realty
Listed By:
Ahron Gordon · License #1967620
(732) 901-0701
Added: Oct 6
Last Checked: Oct 6 at 9:06PM
MLS# 22631532
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.
Planned new construction, this duplex is designed with nearly 3,800 square feet of living space, five bedrooms, four bathrooms, and two basements. A porch and shingle roof are among the listed physical features. Heating is zoned and gas-fired, while cooling is zoned central air. Completion is anticipated in 6–8 weeks.
The property is served by public water and public sewer.
The property is served by public water and public sewer.
Key Highlights
- Nearly 3,800 square feet of living space
- Five bedrooms and four bathrooms
- Two basements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,597
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,940
$1.3M
Cap Rate 7%
$908,529
$908.5K
Cap Rate 9%
$706,633
$706.6K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$97.1K $25.56/SF
− Vacancy
−$6.3K −$1.65/SF
EGI
$90.9K $23.91/SF
− OpEx
−$27.3K −$7.17/SF
NOI
$63.6K $16.74/SF
Area
Ocean 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%
$1,271,940
Cap Rate 7%
$908,529
Cap Rate 9%
$706,633
Alternative Uses
Best Use
Multifamily LT 5
$908.5K
$795.0K – $1.06M
NOI $63,597 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$834.8K
$730.5K – $973.9K
NOI $58,436 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
Check the figures for this property
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 - The planned residence includes two basement levels, a porch, and zoned central air conditioning.
Where is this duplex located?
The property is located at 3 Buttel Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Nearly 3,800 square feet of living space; Five bedrooms and four bathrooms; Two basements
