Two-Building Four-Unit
396 2nd Avenue Long Branch, NJ 07740
396 2nd Avenue, Long Branch, NJ, 07740
$1,725,000
For Sale
$1,725,000
Four rental units are spread across two distinct buildings on two lots, offered for sale in Long Branch.
Property Size3,546 SF
Price / SF$486.46
Days on Market77
Property Features for 396 2nd Avenue
General Information
- Standard status
- Active
- Size
- 3,546 SF
- Property subtype
- Multi-Family / Multiple Buildings
Building Details
- Year Built
- 1907
Listing agency
Rosario Realty Inc
(732) 229-4900
Listed by
Carolina M Zocco · License #8936342
(732) 229-4900
Source
Compass
Added: May 6 Updated: Jul 21 at 4:42AM Checked: Jul 21 at 4:42AM
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 Rosario Realty Inc
Investment Insights
Based on property information with market context.
This for-sale multi-family complex includes two distinct buildings positioned across two separate lots, totaling four rental units. The buildings are described as thoughtfully laid out to maximize space and comfort, with each unit presented as uniquely tailored.
The property is located in Long Branch, just steps from Pier Village and the beaches, with access to boardwalk attractions and local amenities nearby.
With four income-producing units in a two-building configuration, the asset offers a straightforward rental setup for investors seeking a small multifamily portfolio in a coastal market.
The property is located in Long Branch, just steps from Pier Village and the beaches, with access to boardwalk attractions and local amenities nearby.
With four income-producing units in a two-building configuration, the asset offers a straightforward rental setup for investors seeking a small multifamily portfolio in a coastal market.
Key Highlights
- Multi‑family complex in Long Branch with 4 rental units across two distinct buildings
- Two buildings spread across two lots
- 3 levels with full basement
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 | $90.6k | $25.56 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $84.8k | $23.91 |
| − OpEx | −$25.4k | −$7.17 |
| NOI | $59.3k | $16.74 |
3,546 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$847.8K
$741.8K – $989.1K
NOI $59,346 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$779.0K
$681.6K – $908.8K
NOI $54,530 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$925.9K
$810.2K – $1.08M
NOI $64,815 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four rental units are spread across two distinct buildings on two lots, offered for sale in Long Branch.
Where is this quadplex located?
The property is located at 396 2nd Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Multi‑family complex in Long Branch with 4 rental units across two distinct buildings; Two buildings spread across two lots; 3 levels with full basement
