Renovated Duplex with Bonus
For Sale
$625,000
Pending
40 Twilight Avenue, Keansburg, NJ 07734
Two-unit home with outdoor space and convenient access to beaches, recreation, education, and shopping.
Property Size2,426 SF
Days on Market161
Property Features for 40 Twilight Avenue
General Information
Standard status
Pending
Size
2,426 SF
Property subtype
Multi-Family / Duplex
Zoning
Single Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,238
Amenities
Laminate, Porcelain
Vinyl
2
Crawl Space
5
3.0
1.0
3.1
No
Shingle
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Realty One Group Open Door
(732) 410-5699
Listed By:
Galina Pereverzeva · License #2185152
(732) 410-5699
Source:
Compass
Added: Mar 25
Changed: Aug 31
Last Checked: Aug 31 at 1:56AM
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 Realty One Group Open Door
Investment Insights
Based on property information with market context.
This renovated duplex in Keansburg includes two separate residential units with distinct bedroom and bathroom configurations. The first-floor residence has three bedrooms and two full bathrooms. Upstairs, the second unit provides two bedrooms, one full bathroom, and two additional rooms suited to office or studio use. The property was built in 1930 and is zoned Multi-Family.
Exterior improvements include a brand-new concrete driveway and a large backyard. The home is located at 40 Twilight Avenue, with beaches, a water park, a library, a public school, and shopping located just blocks away.
The combination of two living units, flexible bonus space, updated condition, and outdoor area supports a range of residential ownership and occupancy arrangements without changing the property’s established duplex configuration.
Exterior improvements include a brand-new concrete driveway and a large backyard. The home is located at 40 Twilight Avenue, with beaches, a water park, a library, a public school, and shopping located just blocks away.
The combination of two living units, flexible bonus space, updated condition, and outdoor area supports a range of residential ownership and occupancy arrangements without changing the property’s established duplex configuration.
Key Highlights
- Renovated duplex with two separate residential units
- First‑floor unit offers 3 bedrooms and 2 full bathrooms
- Second‑floor unit includes 2 bedrooms, 1 full bathroom, and 2 bonus rooms
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
$40,602
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
6.50%
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%
$812,040
$812.0K
Cap Rate 7%
$580,029
$580.0K
Cap Rate 9%
$451,133
$451.1K
Market Conditions
NOI Build-Up for 2,426 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
$62.0K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$58.0K $23.91/SF
− OpEx
−$17.4K −$7.17/SF
NOI
$40.6K $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%
$812,040
Cap Rate 7%
$580,029
Cap Rate 9%
$451,133
Alternative Uses
Best Use
Multifamily LT 5
$580.0K
$507.5K – $676.7K
NOI $40,602 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$533.0K
$466.3K – $621.8K
NOI $37,307 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$633.5K
$554.3K – $739.1K
NOI $44,343 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 07734, NJ
12,772
Population
5,349
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,513
Density / Sq Mi
$89,073
Median Household Income
$41,228
Median Earnings
$1,638
Median Rent
$310,000
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?
Duplex - Two-unit home with outdoor space and convenient access to beaches, recreation, education, and shopping.
Where is this duplex located?
The property is located at 40 Twilight Avenue Keansburg, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Renovated duplex with two separate residential units; First‑floor unit offers 3 bedrooms and 2 full bathrooms; Second‑floor unit includes 2 bedrooms, 1 full bathroom, and 2 bonus rooms
