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 Market114
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 5, Bathroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 6
Patio and Porch features
Patio
Interior features
Attic - Walk Up
Exterior features
Thermal Window
Fireplace
1
Basement
Full, Finished
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
Solar (Heating), Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1939
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile - Ceramic, Laminate
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: Sep 4
Last Checked: Sep 5 at 4:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,648
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
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
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-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
