Remodeled Two-Home Income
383 Navesink Avenue Atlantic Highlands, NJ 07716
383 Navesink Avenue, Atlantic Highlands, NJ, 07716
$1,350,000
For Sale
$1,350,000
Two newly remodeled homes on one lot with quartz counters, replacement windows, and multiple flexible rooms.
Property Size3,500 SF
Price / SF$385.71
Days on Market41
Property Features for 383 Navesink Avenue
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Multi-Family / Multiple Buildings
Building Details
- Year Built
- 1908
Listing agency
Resources Real Estate
(732) 212-0440
Listed by
Jo Ann Davenport · License #9033200
(732) 212-0440
Source
Compass
Added: Jun 12 Updated: Jul 21 at 10:03PM Checked: Jul 22 at 9:23AM
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 Resources Real Estate
Investment Insights
Based on property information with market context.
This for-sale property features two newly remodeled homes on a single lot. The larger home has three bedrooms and three bathrooms, with a first-floor open layout that includes a living room, dining room, and eat-in kitchen, plus two additional rooms that could serve as offices or additional bedrooms. The second home includes two bedrooms and one bathroom, with an open kitchen/living area highlighted by exposed brickwork and access to a spacious backyard.
Both homes include upgrades such as quartz countertops, new fixtures and trim, and replacement windows. The configuration offers practical flexibility for a variety of household and income scenarios described in the remarks.
Both homes include upgrades such as quartz countertops, new fixtures and trim, and replacement windows. The configuration offers practical flexibility for a variety of household and income scenarios described in the remarks.
Key Highlights
- Two newly remodeled homes on one lot with flexible space and quartz countertops
- Larger home: 3 bedrooms, 3 full baths, open living/dining/eat‑in kitchen, plus two additional rooms
- Second home: 2 bedrooms, 1 full bath, open kitchen/living area with exposed brickwork
Local 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 | $89.5k | $25.56 |
| − Vacancy | −$5.8k | −$1.65 |
| EGI | $83.7k | $23.91 |
| − OpEx | −$25.1k | −$7.17 |
| NOI | $58.6k | $16.74 |
3,500 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$836.8K
$732.2K – $976.3K
NOI $58,577 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$768.9K
$672.8K – $897.1K
NOI $53,823 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two newly remodeled homes on one lot with quartz counters, replacement windows, and multiple flexible rooms.
Where is this duplex located?
The property is located at 383 Navesink Avenue Atlantic Highlands, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two newly remodeled homes on one lot with flexible space and quartz countertops; Larger home: 3 bedrooms, 3 full baths, open living/dining/eat‑in kitchen, plus two additional rooms; Second home: 2 bedrooms, 1 full bath, open kitchen/living area with exposed brickwork
