4-Unit Quadplex with Two
For Sale
$1,725,000
396 2nd Avenue, Long Branch, NJ 07740
MULTI_FAMILY - Long Branch, NJ
Property Size3,546 SF
Lot Size0.34 Acres
Price / SF$486.46
Days on Market76
Property Features for 396 2nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 8, Bedroom 9, Bathroom 4, Basement, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 10
Parking features
Open
Exterior features
Lighting
Basement
Full
Lot features
Level
View
Water
Elementary school
Anastasia
Middle school
Long Branch
High school
Long Branch
Directions
396 2nd Avenue
Subdivision
West End
Standard status
Active
APN
27-00153-0000-00017
Size
3,546 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15086
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1907
Floors in Building
2
Number of units
4
Roof type
Shingle
Listing Agency:
Rosario Realty Inc
(732) 229-4900
Listed By:
Carolina M Zocco · License #8936342
(732) 229-4900
Added: Jun 12
Changed: Aug 7
Last Checked: Aug 26 at 6:06PM
MLS# 22617865
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 4-unit quadplex comprises two separate buildings on two expansive lots, totaling four rental units. The property totals 3,546 square feet on a 0.34-acre lot. The buildings were built in 1907 and feature a shingle roof, public water, and public sewer. Heating is provided with zoned systems, and cooling is listed for the multi-unit configuration. Exterior features include lighting, and parking is listed as open.
The package includes two next-door addresses: 396 2nd Avenue (lot size 54x274) and 402 2nd Avenue (lot size 75x274). The 402 2nd property is identified in the remarks as an 8-family, and both properties are stated to be sold together. The property is located in an R-4 zone and is described as being near Pier Village and beach attractions, as well as public transportation and local amenities.
The rooms include multiple bedrooms and bathrooms across the residence and basement spaces, supporting a range of renter layouts within the four-unit configuration.
The package includes two next-door addresses: 396 2nd Avenue (lot size 54x274) and 402 2nd Avenue (lot size 75x274). The 402 2nd property is identified in the remarks as an 8-family, and both properties are stated to be sold together. The property is located in an R-4 zone and is described as being near Pier Village and beach attractions, as well as public transportation and local amenities.
The rooms include multiple bedrooms and bathrooms across the residence and basement spaces, supporting a range of renter layouts within the four-unit configuration.
Key Highlights
- 4 rental units across two buildings totaling 3,546 SF on 0.34 acres
- Zoned R‑4 multi‑family zoning
- Both parcels sold together: 396 2nd Avenue (54x274) and 402 2nd Avenue (75x274)
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
$59,346
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
3.44%
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%
$1,186,920
$1.2M
Cap Rate 7%
$847,800
$847.8K
Cap Rate 9%
$659,400
$659.4K
Market Conditions
NOI Build-Up for 3,546 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
$90.6K $25.56/SF
− Vacancy
−$5.9K −$1.65/SF
EGI
$84.8K $23.91/SF
− OpEx
−$25.4K −$7.17/SF
NOI
$59.3K $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%
$1,186,920
Cap Rate 7%
$847,800
Cap Rate 9%
$659,400
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,132
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?
Quadplex - Two-building quadplex on two lots with four rental units in R-4 zoning.
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: 4 rental units across two buildings totaling 3,546 SF on 0.34 acres; Zoned R‑4 multi‑family zoning; Both parcels sold together: 396 2nd Avenue (54x274) and 402 2nd Avenue (75x274)
