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    Keyport Three-Family Near Waterfront Title is generated by Realmo AI

    41 Atlantic Street, Keyport, NJ 07735

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    Claim this Listing
    For Sale
    $675,000

    MULTI_FAMILY - Keyport, NJ

    Property size:
    3,200 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $210/SF
    Added:
    Mar 23, 2026
    Days on Market:
    99
    Last Refresh:
    Jun 29 at 8:06 pm

    Property Features for 41 Atlantic Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 4, Basement, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 5
    Parking features
    Off Street
    Patio and Porch features
    Patio
    Interior features
    Attic - Walk Up
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Finished
    Standard status
    Active
    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, Baseboard, Radiant
    Water source
    Public

    Building Details

    Year built
    1909
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood, Laminate, Tile - Ceramic
    Roof type
    Wood, Shingle

    We can help!

    Contact an agent
    Dennis Fotopoulos

    Listing agent Dennis Fotopoulos License #2297828

    Listing office Heritage House Sotheby's International Realty 38 Main Street, Holmdel, NJ

    Listing date Mar 23, 2026

    MLS# 22607534 Listing URL

    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.

    HighLights

    • Legal three‑family with approx. 3,200 SF and three units
    • One 2‑bedroom/1‑bath unit leased through December 2026
    • Two units vacant and ready for renovation: 2‑bedroom/1‑bath and 1‑bedroom/1‑bath
    • Recent updates: roof replaced (2019), water heaters (May 2023), furnace (Jan 2024)
    • Saltwater heated in‑ground pool plus fenced oversized lot
    • Amenities include patio, fireplace, walk‑up attic, and common basement laundry

    Overview

    This legal three-family property is located one block from the Keyport Yacht Club and minutes from Keyport's vibrant waterfront downtown district. The property contains approximately 3,200 square feet of living space. It presents a strong opportunity for investors or owner-occupants seeking rental income. The property features three units: one 2-bedroom, 1-bath apartment leased through December 2026, and two vacant units, one with 2-bedrooms and 1-bath, and another with 1-bedroom and 1-bath, ready for renovation. There is potential opportunity to increase income through improvements. Recent improvements include a roof replaced in 2019, water heaters in May 2023, and a furnace in January 2024. The oversized lot spans 0.25 acres and features a saltwater heated in-ground pool and common basement laundry. The property is located in Keyport, New Jersey.

    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 $81.8k $25.56
    − Vacancy −$5.3k −$1.65
    EGI $76.5k $23.91
    − OpEx −$23.0k −$7.17
    NOI $53.6k $16.74
    3,200 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $765.1K
    $669.5K – $892.6K (±1% cap)
    NOI $53,556 @ 7.0% cap · market cap 7.93%
    Second Best
    Apartment 5plus
    $703.0K
    $615.1K – $820.2K (±1% cap)
    NOI $49,210 @ 7.0% cap · market cap 7.29%
    Theoretical Best
    Office A
    $835.6K
    $731.1K – $974.9K (±1% cap)
    NOI $58,491 @ 7.0% cap · market cap 8.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Keyport
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.19775
    Latitude
    40.437746

    FAQs

    What type of property is this?
    Triplex - Three-family property near Keyport's waterfront with income potential.
    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: Legal three‑family with approx. 3,200 SF and three units; One 2‑bedroom/1‑bath unit leased through December 2026; Two units vacant and ready for renovation: 2‑bedroom/1‑bath and 1‑bedroom/1‑bath
    More about this property
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