35 4th St, Highlands, NJ 07732
For Sale
$899,000
Both residences are updated and occupied, and the property lies within a designated redevelopment zone.
Property Size2,922 SF
Price / SF$307.67
Days on Market11
Property Features for 35 4th St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Keller Williams Shore Properties
Listed By:
Curran Group
(732) 359-3203
Source:
Currangrp
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:29AM
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 Keller Williams Shore Properties
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Investment Insights
Based on property information with market context.
This two-unit duplex was built in 1933 and has been renovated throughout. Both residences are currently occupied.
The property is in Highlands, near the beach, ferry, shops, and restaurants. It is also within a designated redevelopment zone.
The property is in Highlands, near the beach, ferry, shops, and restaurants. It is also within a designated redevelopment zone.
Key Highlights
- Two residential units, both currently occupied
- Renovated throughout
- Located within a designated redevelopment zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,903
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,060
$978.1K
Cap Rate 7%
$698,614
$698.6K
Cap Rate 9%
$543,367
$543.4K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$74.7K $25.56/SF
− Vacancy
−$4.8K −$1.65/SF
EGI
$69.9K $23.91/SF
− OpEx
−$21.0K −$7.17/SF
NOI
$48.9K $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%
$978,060
Cap Rate 7%
$698,614
Cap Rate 9%
$543,367
Alternative Uses
Best Use
Multifamily LT 5
$698.6K
$611.3K – $815.1K
NOI $48,903 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$641.9K
$561.7K – $748.9K
NOI $44,935 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$763.0K
$667.6K – $890.2K
NOI $53,409 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 07732, NJ
4,710
Population
3,040
Households
1.5
Avg Household Size
49
Median Age
54%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
1,239
Density / Sq Mi
$90,205
Median Household Income
$72,484
Median Earnings
$1,841
Median Rent
$396,800
Median Home Value
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Market
Average Price Trend$/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 - Both residences are updated and occupied, and the property lies within a designated redevelopment zone.
Where is this duplex located?
The property is located at 35 4th St Highlands, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residential units, both currently occupied; Renovated throughout; Located within a designated redevelopment zone
