Updated Triplex Near
For Sale
$1,035,000
Pending
384 Sairs Avenue, Long Branch, NJ 07740
Multi-Family, Long Branch, NJ
Property Size2,608 SF
Lot Size0.17 Acres
Days on Market172
Property Features for 384 Sairs Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Basement, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bedroom 3
Patio and Porch features
Patio
Interior features
Attic - Walk Up
Exterior features
Thermal Window
Fireplace
1
Basement
Finished, Full
Lot features
Level
Middle school
Long Branch
Directions
Ocean Ave to Bath Ave to Sairs
Subdivision
West End
Standard status
Pending
APN
27-00154-0000-00007
Size
2,608 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14141
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Solar (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1939
Floors in Building
2
Number of units
3
Flooring type
Laminate, Tile - Ceramic, Wood
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Heritage House Sotheby's International Realty
Listed By:
Alexandra Appolonia · License #2321687
(732) 946-9200
Added: May 15
Changed: Oct 26
Last Checked: Nov 2 at 3:06PM
MLS# 22614403
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 1939 triplex in Long Branch contains 2,608 square feet on a 0.17-acre lot. The primary residence offers six bedrooms, hardwood flooring, a fully updated kitchen with quartz countertops and stainless steel appliances, and a finished basement that expands the usable living and entertaining areas. The rear portion includes a private one-bedroom apartment and a separate studio apartment. Additional features include central air, baseboard and solar heating, a fireplace, thermal windows, a walk-up attic, and a patio.
The property is located three blocks from the beach and near the train station, hospital, shopping, dining, and houses of worship. Public water and public sewer serve the property, which has stucco construction and a shingle roof.
The property is located three blocks from the beach and near the train station, hospital, shopping, dining, and houses of worship. Public water and public sewer serve the property, which has stucco construction and a shingle roof.
Key Highlights
- 2,608‑square‑foot triplex on a 0.17‑acre lot
- Six‑bedroom primary residence with a finished basement
- Private 1‑bedroom apartment plus separate studio apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,648
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,960
$873.0K
Cap Rate 7%
$623,543
$623.5K
Cap Rate 9%
$484,978
$485.0K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$66.7K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$62.4K $23.91/SF
− OpEx
−$18.7K −$7.17/SF
NOI
$43.6K $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%
$872,960
Cap Rate 7%
$623,543
Cap Rate 9%
$484,978
Alternative Uses
Best Use
Multifamily LT 5
$623.5K
$545.6K – $727.5K
NOI $43,648 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$572.9K
$501.3K – $668.4K
NOI $40,106 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,670 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
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Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a finished basement, renovated kitchen, and separate one-bedroom and studio apartments.
Where is this triplex located?
The property is located at 384 Sairs Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 2,608‑square‑foot triplex on a 0.17‑acre lot; Six‑bedroom primary residence with a finished basement; Private 1‑bedroom apartment plus separate studio apartment
