Renovated Two-Unit
New
For Sale
$899,000
35 4th Street, Highlands, NJ 07732
Multi-Family, Highlands, NJ
Property Size2,922 SF
Lot Size0.05 Acres
Price / SF$307.67
Days on Market4
Property Features for 35 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2
Parking
2
Parking features
Off Street
Exterior features
Screens
Fencing
Fenced
Basement
Crawl Space
Lot features
Level
Elementary school
Highlands
Middle school
Henry Hudson Reg
Directions
Turn off Bay Ave 2nd property in.
Standard status
Active
APN
19-00058-0000-00016
Size
2,922 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9169
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Zoned
Water source
Public
Building Details
Year built
1933
Floors in Building
2
Number of units
2
Flooring type
Wood, Linoleum, Laminate, Tile - Ceramic
Building materials
Brick, Brick Veneer
Roof type
Rubber, Flat
Buildings
1
Listing Agency:
Real Broker, LLC- Hampton
Listed By:
Charles LaRue
(855) 450-0442
Added: Oct 29
Last Checked: Nov 1 at 9:06PM
MLS# 22634264
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 renovated duplex contains two occupied residences within a 2,922-square-foot building on a 0.05-acre lot. The room data identifies four bedrooms and two bathrooms in total. Exterior construction includes brick and brick veneer, while interior flooring includes wood, laminate, linoleum, and ceramic tile. Heating is zoned and provided by baseboard units; the property also has off-street parking and fencing. The building dates to 1933 and has a flat rubber roof.
At 35 4th Street in Highlands, the property is near the beach, ferry service, shops, and restaurants. It is situated within a designated redevelopment zone. Public water and sewer serve the property.
At 35 4th Street in Highlands, the property is near the beach, ferry service, shops, and restaurants. It is situated within a designated redevelopment zone. Public water and sewer serve the property.
Key Highlights
- Two occupied residential units
- 2,922‑square‑foot building on a 0.05‑acre lot
- Four bedrooms and two bathrooms
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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Lease Details
2
Residential units
Multi-tenant
Tenancy
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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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 - Both residences are occupied, with public water and sewer service and off-street parking.
Where is this duplex located?
The property is located at 35 4th Street 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 occupied residential units; 2,922‑square‑foot building on a 0.05‑acre lot; Four bedrooms and two bathrooms
