Triplex with Heated
For Sale
$675,000
Pending
41 Atlantic Street, Keyport, NJ 07735
Multi-Family, Keyport, NJ
Property Size3,200 SF
Lot Size0.25 Acres
Days on Market207
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 41 Atlantic Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bedroom 1
Parking features
Off Street
Patio and Porch features
Patio
Interior features
Attic - Walk Up
Fencing
Fenced
Fireplace
1
Basement
Finished
Lot features
Fenced Area
Middle school
Central
High school
Keyport
Directions
Route 35 to Holmdel Road North Right on Atlantic Street into Keyport 41 Atlantic on right after 3rd St. Intersection
Standard status
Pending
APN
24-00096-0000-00004
Size
3,200 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12199
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Zoned, Radiant, Baseboard
Water source
Public
Amenities
saltwater heated in-ground pool
common basement laundry
Building Details
Year built
1909
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile - Ceramic, Laminate
Roof type
Wood, Shingle
Listing Agency:
Heritage House Sotheby's International Realty
(732) 946-9200
Listed By:
Dennis Fotopoulos · License #2297828
(732) 673-9347
Added: Mar 23
Changed: Oct 2
Last Checked: Oct 15 at 2:06PM
MLS# 22607534
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 legal three-family property contains approximately 3,200 square feet across three apartments: two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. One 2-bedroom apartment is leased through December 2026, while the other two units are vacant and ready for renovation. The oversized 0.25-acre lot includes a saltwater heated in-ground pool, fenced outdoor space, patio, off-street parking, and common basement laundry. A walk-up attic and basement add functional storage and utility space.
Recent capital improvements include a roof replacement in 2019, water heaters installed in May 2023, and a furnace replaced in January 2024. The property is located one block from the Keyport Yacht Club and minutes from Keyport’s waterfront downtown district. Public water and public sewer serve the property. Buyers should conduct due diligence regarding zoning and permitted uses.
Recent capital improvements include a roof replacement in 2019, water heaters installed in May 2023, and a furnace replaced in January 2024. The property is located one block from the Keyport Yacht Club and minutes from Keyport’s waterfront downtown district. Public water and public sewer serve the property. Buyers should conduct due diligence regarding zoning and permitted uses.
Key Highlights
- Approximately 3,200 square feet on a 0.25‑acre lot
- Three units: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- One 2‑bedroom unit leased through December 2026; two units vacant for renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,556
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,120
$1.1M
Cap Rate 7%
$765,086
$765.1K
Cap Rate 9%
$595,067
$595.1K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$81.8K $25.56/SF
− Vacancy
−$5.3K −$1.65/SF
EGI
$76.5K $23.91/SF
− OpEx
−$23.0K −$7.17/SF
NOI
$53.6K $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 Rate 5%
$1,071,120
Cap Rate 7%
$765,086
Cap Rate 9%
$595,067
Alternative Uses
Best Use
Multifamily LT 5
$765.1K
$669.5K – $892.6K
NOI $53,556 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$703.0K
$615.1K – $820.2K
NOI $49,210 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$835.6K
$731.1K – $974.9K
NOI $58,491 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with one leased apartment, two vacant units, and shared basement laundry.
Where is this triplex located?
The property is located at 41 Atlantic Street Keyport, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 3,200 square feet on a 0.25‑acre lot; Three units: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; One 2‑bedroom unit leased through December 2026; two units vacant for renovation
