Duplex with 3-Bay
For Sale
$1,275,000
Pending
517 14th Avenue, Belmar, NJ 07719
Multi-Family, Belmar, NJ
Property Size2,590 SF
Lot Size0.13 Acres
Days on Market206
Property Features for 517 14th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2
Parking
6
Parking features
On Street, Off Street
Middle school
Belmar
High school
St. Rose High
Directions
Turn east onto 15th Ave, then north onto E Ave, then make your first right onto 14th.
Standard status
Pending
APN
07-00144-0000-00009-01
Size
2,590 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6822
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Listing Agency:
Sackman Realty
(732) 798-8188
Listed By:
Timothy A Henry · License #2220528
(732) 410-5699
Added: Mar 3
Changed: Sep 22
Last Checked: Sep 25 at 1:06AM
MLS# 22605386
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.
Located at 517 14th Avenue in Belmar, this duplex contains 2,590 square feet on a 0.13-acre lot. The property includes a 3-bay garage, a private 6-car parking lot, and both on-street and off-street parking. Its layout supports occupying one unit while renting the other, immediate rental use, or conversion to a single-family residence, as described for the property.
Built in 1950, the home is served by public water and public sewer. Heating is provided by baseboard and forced-air systems, while cooling includes central air with zoned control. The property is within walking distance of Belmar’s beaches and offers a combination of residential configuration, garage capacity, and dedicated parking.
Built in 1950, the home is served by public water and public sewer. Heating is provided by baseboard and forced-air systems, while cooling includes central air with zoned control. The property is within walking distance of Belmar’s beaches and offers a combination of residential configuration, garage capacity, and dedicated parking.
Key Highlights
- Duplex with 2,590 square feet on a 0.13‑acre lot
- 3‑bay garage included
- Private 6‑car parking lot plus on‑street and off‑street parking
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
$43,347
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
3.40%
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%
$866,940
$866.9K
Cap Rate 7%
$619,243
$619.2K
Cap Rate 9%
$481,633
$481.6K
Market Conditions
NOI Build-Up for 2,590 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
$66.2K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$61.9K $23.91/SF
− OpEx
−$18.6K −$7.17/SF
NOI
$43.3K $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 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%
$866,940
Cap Rate 7%
$619,243
Cap Rate 9%
$481,633
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
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 - Duplex offering separate living and rental potential near Belmar beaches, with private parking and garage space.
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: Duplex with 2,590 square feet on a 0.13‑acre lot; 3‑bay garage included; Private 6‑car parking lot plus on‑street and off‑street parking
