Updated Duplex with Detached
New
For Sale
$449,000
60 Hanover Street, Pemberton, NJ 08068
MULTI_FAMILY - Pemberton, NJ
Property Size1,614 SF
Lot Size0.09 Acres
Price / SF$278.19
Days on Market5
Property Features for 60 Hanover Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
On Street
Patio and Porch features
Deck
Interior features
Attic, Recessed Lighting
Exterior features
Deck
Fencing
Fenced
Directions
Take Route 530 to Hanover Street (CR 616). Turn onto Hanover Street and continue to 60 Hanover Street. Property will be on your left/right depending on direction of travel.
Standard status
Active
APN
28-00400-0000-00010
Size
1,614 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2305
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
covered front porch
spacious backyard
additional attic storage
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty East Monmouth
(732) 704-4033
Listed By:
Robert Mahone
(732) 704-4033
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 2:06PM
MLS# 22623268
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 updated duplex sits on a unique double lot and offers bright interior living space with updated flooring and recessed lighting. The home includes a modern kitchen with dark cabinetry, stone countertops, and stainless steel appliances, along with an updated full bath. Additional interior features include attic space for extra storage and a basement. Heating is provided by baseboard units, and the roof is shingled.
Outside, the property features a deck and fenced yard areas. A covered front porch adds outdoor living space, and a detached garage is located on the rear lot. The second lot may offer potential for subdivision or future development, subject to township zoning and approvals, with the buyer responsible for due diligence on permitted uses.
Additional details include on-street parking, public water, and public sewer. Built in 1900, the property is listed at 1,614 square feet on a 0.09-acre lot.
Outside, the property features a deck and fenced yard areas. A covered front porch adds outdoor living space, and a detached garage is located on the rear lot. The second lot may offer potential for subdivision or future development, subject to township zoning and approvals, with the buyer responsible for due diligence on permitted uses.
Additional details include on-street parking, public water, and public sewer. Built in 1900, the property is listed at 1,614 square feet on a 0.09-acre lot.
Key Highlights
- Updated duplex on a unique double lot with rear‑lot detached garage
- 1,614 SF home on a 0.09‑acre lot
- Modern kitchen with dark cabinetry, stone countertops, and stainless steel appliances
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 | $34.9k | $21.60 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $33.0k | $20.47 |
| − OpEx | −$9.9k | −$6.14 |
| NOI | $23.1k | $14.33 |
1,614 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.5K
NOI $23,130 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$302.0K
$264.3K – $352.3K
NOI $21,140 @ 7.0% cap · market cap 4.71%
Theoretical Best
Warehouse
$3.38M
$2.95M – $3.94M
NOI $236,296 @ 7.0% cap · market cap 52.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 08068, NJ
6,628
Population
2,888
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
23.3 sq mi
ZIP Area
284
Density / Sq Mi
$79,570
Median Household Income
$48,498
Median Earnings
$1,100
Median Rent
$256,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex on a double lot with a detached garage on the rear lot and public water and sewer.
Where is this duplex located?
The property is located at 60 Hanover Street Pemberton, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Updated duplex on a unique double lot with rear‑lot detached garage; 1,614 SF home on a 0.09‑acre lot; Modern kitchen with dark cabinetry, stone countertops, and stainless steel appliances
