Two-Unit Duplex with
For Sale
$750,000
Pending
416 Broadway, Long Branch, NJ 07740
Multi-Family, Long Branch, NJ
Property Size2,230 SF
Lot Size0.19 Acres
Days on Market63
Property Features for 416 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Basement, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1
Basement
Partial
Elementary school
Garfield
Middle school
Long Branch
High school
Long Branch
Directions
Exit 105 on GSP becomes Hwy 36, right on Brodaway to #416
Standard status
Pending
APN
27-00237-0000-00041
Size
2,230 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8229
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
ceramic tile
forced hot air heat
central air conditioning
basement
laundry
covered front porch
separate meters
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Roof type
Shingle
Listing Agency:
Burke&Manna Real Estate Agency
Listed By:
Michael Manna · License #0900958
(732) 455-5420
Added: Aug 5
Changed: Sep 22
Last Checked: Oct 6 at 4:06PM
MLS# 22624071
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 two-unit duplex contains 2,230 square feet of living space, arranged as one 2-bedroom apartment and one 3-bedroom apartment. Each residence has its own kitchen, full bathroom, hardwood flooring, ceramic tile, and living area. Separate meters support independent utility management, while forced-air heating and central air conditioning serve the property. A covered front porch adds exterior amenity space.
The 1,083-square-foot basement provides laundry facilities and storage capacity. The property occupies 0.19 acres and was built in 1910, with aluminum siding, a shingle roof, public water, and public sewer. Its location provides access to Long Branch beaches, Pier Village, NJ Transit, Monmouth Medical Center, Monmouth University, shopping, dining, and major highways.
The 1,083-square-foot basement provides laundry facilities and storage capacity. The property occupies 0.19 acres and was built in 1910, with aluminum siding, a shingle roof, public water, and public sewer. Its location provides access to Long Branch beaches, Pier Village, NJ Transit, Monmouth Medical Center, Monmouth University, shopping, dining, and major highways.
Key Highlights
- 2,230 square feet of living space across two apartments
- Unit mix includes one 2‑bedroom apartment and one 3‑bedroom apartment
- 1,083‑square‑foot basement with laundry and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,322
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,440
$746.4K
Cap Rate 7%
$533,171
$533.2K
Cap Rate 9%
$414,689
$414.7K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$57.0K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.3K $23.91/SF
− OpEx
−$16.0K −$7.17/SF
NOI
$37.3K $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 Rate 5%
$746,440
Cap Rate 7%
$533,171
Cap Rate 9%
$414,689
Alternative Uses
Best Use
Multifamily LT 5
$533.2K
$466.5K – $622.0K
NOI $37,322 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$489.9K
$428.7K – $571.6K
NOI $34,293 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$582.3K
$509.5K – $679.4K
NOI $40,761 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,621
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate kitchens, full baths, meters, and central air conditioning in a well-maintained residential income property.
Where is this duplex located?
The property is located at 416 Broadway Long Branch, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,230 square feet of living space across two apartments; Unit mix includes one 2‑bedroom apartment and one 3‑bedroom apartment; 1,083‑square‑foot basement with laundry and storage space
