Duplex With Three-Car
For Sale
$774,900
Pending
608 Princeton Ave, Brick, NJ 08724
Two-unit residential property with hardwood flooring, separate laundry equipment, and a recently installed HVAC system.
Property Size1,470 SF
Days on Market48
Property Features for 608 Princeton Ave
General Information
Standard status
Pending
Size
1,470 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
hardwood floors
in-unit washer/dryer
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Goldstone Realty
Listed By:
Curran Group
(732) 359-3203
Source:
Currangrp
Added: Sep 7
Changed: Oct 21
Last Checked: Oct 23 at 7:01AM
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 Goldstone Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this 1,470-square-foot duplex contains two residential units, each with 2 bedrooms, 1 full bath, hardwood floors, and separate washer and dryer equipment. The property is situated on a conforming double lot and includes a new HVAC system.
An oversized 3-car garage provides substantial accessory space for storage or workshop use. The property is located on Princeton Ave in Brick, with proximity to beaches and the Garden State Parkway.
An oversized 3-car garage provides substantial accessory space for storage or workshop use. The property is located on Princeton Ave in Brick, with proximity to beaches and the Garden State Parkway.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per unit
- 1,470 square feet on a conforming double lot
- Hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,602
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
$492.0K
Cap Rate 7%
$351,457
$351.5K
Cap Rate 9%
$273,356
$273.4K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$37.6K $25.56/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$35.1K $23.91/SF
− OpEx
−$10.5K −$7.17/SF
NOI
$24.6K $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%
$492,040
Cap Rate 7%
$351,457
Cap Rate 9%
$273,356
Alternative Uses
Best Use
Multifamily LT 5
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$322.9K
$282.6K – $376.8K
NOI $22,606 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$383.8K
$335.9K – $447.8K
NOI $26,869 @ 7.0% cap · market cap 3.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 08724, NJ
41,458
Population
17,799
Households
2.3
Avg Household Size
47
Median Age
36%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
3,004
Density / Sq Mi
$98,771
Median Household Income
$51,099
Median Earnings
$1,767
Median Rent
$364,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with hardwood flooring, separate laundry equipment, and a recently installed HVAC system.
Where is this duplex located?
The property is located at 608 Princeton Ave Brick, NJ.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath per unit; 1,470 square feet on a conforming double lot; Hardwood floors in both units
