Duplex with Finished
534 Alpine Street, Forked River, NJ 08731
For Sale
New
$749,000
Multi-Family, Forked River, NJ
Property Size2,408 SF
Lot Size0.14 Acres
Price / SF$311.05
Days on Market5
Property Features for 534 Alpine Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fireplace
Basement
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
finished basement
sunroom
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Duarte Homes Agency LLC
Listed By:
Adriana Duarte · License NJ #2079236
(908) 315-9080
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 12 at 10:06AM
MLS# 22635402
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.
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Investment Insights
Based on property information with market context.
Built in 1956, this 2,408-square-foot duplex has two residential units, a finished basement, and a sunroom. The exterior is brick, with a deck; central air conditioning and baseboard heat serve the property.
The parcel covers 0.14 acres and has public water and public sewer. Off-street parking is available.
The parcel covers 0.14 acres and has public water and public sewer. Off-street parking is available.
Key Highlights
- Two‑unit duplex with 2,408 square feet of building area
- Finished basement and sunroom
- 0.14‑acre parcel with a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,301
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,020
$806.0K
Cap Rate 7%
$575,729
$575.7K
Cap Rate 9%
$447,789
$447.8K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$61.5K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.6K $23.91/SF
− OpEx
−$17.3K −$7.17/SF
NOI
$40.3K $16.74/SF
Area
Ocean 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%
$806,020
Cap Rate 7%
$575,729
Cap Rate 9%
$447,789
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.8K – $671.7K
NOI $40,301 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,030 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$628.8K
$550.2K – $733.6K
NOI $44,014 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
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Business Placement
Demographics for 08731, NJ
20,953
Population
9,663
Households
2.2
Avg Household Size
45
Median Age
32%
College-Educated
94%
High-School Grad
78.1 sq mi
ZIP Area
268
Density / Sq Mi
$93,267
Median Household Income
$45,345
Median Earnings
$2,080
Median Rent
$360,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Ocean County, NJ
Properties on Market for Duplexes in Ocean County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Off-street parking serves this two-unit residential property.
Where is this duplex located?
The property is located at 534 Alpine Street Forked River, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,408 square feet of building area; Finished basement and sunroom; 0.14‑acre parcel with a deck
