Three-Family Income
For Sale
$720,000
368 Carr Avenue, Keansburg, NJ 07734
Three residential units include bedroom and bath variety, with an unfinished walk-up attic tied to the second-floor unit.
Property Size2,653 SF
Price / SF$271.39
Days on Market53
Property Features for 368 Carr Avenue
General Information
Standard status
Active
Size
2,653 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1907
Listing Agency:
C21/ Action Plus Realty
(800) 299-2129
Listed By:
Felix Tamayo · License #1328795
Source:
Actionplusrealty
Added: Jun 9
Changed: Jul 27
Last Checked: Jul 31 at 4:44PM
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 C21/ Action Plus Realty
Investment Insights
Based on property information with market context.
This three-family income property is configured with three separate units. Unit 1 includes 1 bedroom and 1 bath. Unit 2 includes 2 bedrooms and 1 bath, and also provides access to a walk-up unfinished attic. Unit 3 includes 1 bedroom and 1 bath and was not photographed.
The property is situated in a non-conforming commercial area, and offers flexibility for buyers evaluating residential income and potential commercial-use considerations. Recent improvements include a newer roof and an upgraded detached garage.
Overall, the building’s unit mix provides multiple rental configurations, while the unfinished attic access adds an additional area that could support future expansion or storage needs.
The property is situated in a non-conforming commercial area, and offers flexibility for buyers evaluating residential income and potential commercial-use considerations. Recent improvements include a newer roof and an upgraded detached garage.
Overall, the building’s unit mix provides multiple rental configurations, while the unfinished attic access adds an additional area that could support future expansion or storage needs.
Key Highlights
- 3‑family property built in 1907 with three units offering 1BR/1BA and 2BR/1BA configurations
- Unit mix: Unit 1 has 1 bedroom/1 bath, Unit 2 has 2 bedrooms/1 bath, and Unit 3 has 1 bedroom/1 bath
- Second‑floor unit includes access to a walk‑up unfinished attic for storage or future development
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 | $67.8k | $25.56 |
| − Vacancy | −$4.4k | −$1.65 |
| EGI | $63.4k | $23.91 |
| − OpEx | −$19.0k | −$7.17 |
| NOI | $44.4k | $16.74 |
2,653 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.3K
$555.0K – $740.0K
NOI $44,401 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$582.8K
$510.0K – $680.0K
NOI $40,798 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$692.8K
$606.2K – $808.2K
NOI $48,493 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 07734, NJ
12,772
Population
5,349
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,513
Density / Sq Mi
$89,073
Median Household Income
$41,228
Median Earnings
$1,638
Median Rent
$310,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include bedroom and bath variety, with an unfinished walk-up attic tied to the second-floor unit.
Where is this triplex located?
The property is located at 368 Carr Avenue Keansburg, NJ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 3‑family property built in 1907 with three units offering 1BR/1BA and 2BR/1BA configurations; Unit mix: Unit 1 has 1 bedroom/1 bath, Unit 2 has 2 bedrooms/1 bath, and Unit 3 has 1 bedroom/1 bath; Second‑floor unit includes access to a walk‑up unfinished attic for storage or future development
