Two-Family Residential
319 14th Avenue Belmar, NJ 07719
For Sale
$1,099,000
Two-family home with separate meters, private driveway, basement, and a large enclosed porch.
Property Size2,014 SF
Price / SF$545.68
Days on Market90
Property Features for 319 14th Avenue
General Information
- Standard status
- Active
- Size
- 2,014 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1950
Listing Agency:
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
(732) 449-3200
Listed By:
Edward James Szumski · License #1644256
(732) 449-3200
Source:
Compass
Added: Apr 26
Changed: Jul 22
Last Checked: Jul 23 at 10:50AM
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 Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Investment Insights
Based on property information with market context.
This two-family residential property is currently configured as a 2-unit home, offering flexible living and income potential. The downstairs unit is a 2-bedroom, 1-bath layout with a laundry room, and the upstairs unit features 3 bedrooms and 2 baths, along with a large bonus porch. The home also includes a basement and a great backyard, with exterior features such as a private driveway and a rocking chair front porch.
Improvements reported for the property include separate water lines, gas meters, and electric meters. The listing also notes the opportunity to personalize or update the home to suit your needs.
Additional described features include an enclosed 2nd level porch, supporting the property’s multi-level functionality and outdoor living spaces.
Improvements reported for the property include separate water lines, gas meters, and electric meters. The listing also notes the opportunity to personalize or update the home to suit your needs.
Additional described features include an enclosed 2nd level porch, supporting the property’s multi-level functionality and outdoor living spaces.
Key Highlights
- 5‑bedroom, 3‑bath 3‑level home built in 1950, currently set up as a 2‑family residence
- Separate utilities: separate water lines, gas meters, and electric meters
- Unit mix: downstairs 2 bed/1 bath with laundry room; upstairs 3 bed/2 bath with large bonus porch
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 | $51.5k | $25.56 |
| − Vacancy | −$3.3k | −$1.65 |
| EGI | $48.2k | $23.91 |
| − OpEx | −$14.4k | −$7.17 |
| NOI | $33.7k | $16.74 |
2,014 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.5K
$421.3K – $561.8K
NOI $33,707 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.2K
NOI $30,971 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$525.9K
$460.2K – $613.6K
NOI $36,813 @ 7.0% cap · market cap 3.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home with separate meters, private driveway, basement, and a large enclosed porch.
Where is this duplex located?
The property is located at 319 14th Avenue Belmar, NJ.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 5‑bedroom, 3‑bath 3‑level home built in 1950, currently set up as a 2‑family residence; Separate utilities: separate water lines, gas meters, and electric meters; Unit mix: downstairs 2 bed/1 bath with laundry room; upstairs 3 bed/2 bath with large bonus porch
