Two-Unit Duplex with
For Sale
$625,000
Pending
40 Twilight Avenue, Keansburg, NJ 07734
Multi-Family, Keansburg, NJ
Property Size2,426 SF
Lot Size0.28 Acres
Days on Market159
Property Features for 40 Twilight Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Single Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Fireplace
1
Basement
Crawl Space
Lot features
Corner Lot
Directions
From Rt 36 to Main Street , To Johnson and right to Twilight Ave
Standard status
Pending
APN
23-00032-0000-00019
Size
2,426 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8238
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Zoned
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Porcelain, Laminate
Roof type
Shingle
Listing Agency:
Realty One Group Open Door
(732) 410-5699
Listed By:
Galina Pereverzeva · License #2185152
(732) 410-5699
Added: Mar 27
Changed: Aug 21
Last Checked: Sep 1 at 8:06PM
MLS# 22607837
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 duplex contains 2,426 square feet across two residential units. The first-floor residence has three bedrooms and two full bathrooms, while the second-floor unit includes two bedrooms, two full bathrooms, and two bonus rooms suitable for office or studio use. The property also includes a large backyard, a new concrete driveway, porcelain and laminate flooring, zoned heating and cooling, a fireplace, a shingle roof, and public water and sewer service. Built in 1930, the home is located in Keansburg near beaches, a water park, a library, a public school, and shopping. The 0.28-acre lot adds outdoor space to the two-unit configuration.
Key Highlights
- 2,426‑square‑foot duplex on a 0.28‑acre lot
- Two units with a combined five bedrooms and four full bathrooms
- Second‑floor unit includes two additional 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 residential units provide five bedrooms, four full bathrooms, and flexible bonus-room space.
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: 2,426‑square‑foot duplex on a 0.28‑acre lot; Two units with a combined five bedrooms and four full bathrooms; Second‑floor unit includes two additional bonus rooms
