Belmar Duplex Near
517 14th Avenue Belmar, NJ 07719
517 14th Avenue, Belmar, NJ, 07719
$1,275,000
For Sale
$1,275,000
Move-in ready duplex near Belmar beaches with parking and garage.
Property Size2,590 SF
Price / SF$492.28
Days on Market135
Property Features for 517 14th Avenue
General Information
- Standard status
- Active
- Size
- 2,590 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1950
Listing Agency
Sackman Realty
(732) 798-8188
Listed by
Timothy A Henry · License #2220528
(732) 798-8188
Source
Compass
Added: Mar 4 Checked: Jul 17 at 5:41 am
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 Sackman Realty
Investment Insights
Based on property information with market context.
This property presents an investment opportunity near the Jersey Shore. Located within walking distance of Belmar's beaches, the property includes a 6-car private parking lot and a 3-bay garage. The property offers flexibility for various uses. It is move-in ready, allowing for immediate occupancy or rental. Options include living in one unit and renting out the other, converting the property into a single-family home, or renting out both units. The property size is 2590 square feet.
Key Highlights
- Walking distance to Belmar beaches.
- 6‑car private parking lot.
- 3‑bay garage.
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 | $66.2k | $25.56 |
| − Vacancy | −$4.3k | −$1.65 |
| EGI | $61.9k | $23.91 |
| − OpEx | −$18.6k | −$7.17 |
| NOI | $43.3k | $16.74 |
2,590 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.2K
$541.8K – $722.5K
NOI $43,347 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$569.0K
$497.9K – $663.8K
NOI $39,829 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$676.3K
$591.8K – $789.0K
NOI $47,341 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready duplex near Belmar beaches with parking and garage.
Where is this duplex located?
The property is located at 517 14th Avenue Belmar, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Walking distance to Belmar beaches.; 6‑car private parking lot.; 3‑bay garage.
