Duplex with Detached
New
For Sale
$999,000
65 Atlantic Avenue, Long Branch, NJ 07740
MULTI_FAMILY - Long Branch, NJ
Property Size2,006 SF
Price / SF$498.01
Days on Market1
Property Features for 65 Atlantic Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Off Street, On Street
Interior features
Attic, Locked Storage
Basement
Full, Walk-Out Access
Lot features
Corner Lot
Middle school
Long Branch
Directions
Ocean to Atlantic
Subdivision
N Long Branch
Standard status
Active
APN
27-00468-0000-00020-01
Size
2,006 SF
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
detached 2-car garage
wraparound porch
full basement
full stand-up attic
gleaming hardwood floors
turn-of-the-century millwork
Building Details
Year built
1907
Floors in Building
2
Number of units
2
Flooring type
Wood
Additional Structures
Storage
Listing Agency:
Atlantic Real Estate Brokers, LLC
(732) 312-5223
Listed By:
Paul Ziajski
(732) 312-5223
Added: Aug 10
Last Checked: Aug 10 at 9:06AM
MLS# 22624582
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 65 Atlantic Avenue in Long Branch, NJ, this 2,006-square-foot duplex was built in 1907 and offers two separate living units within a well-preserved residential structure. Interior features include wood flooring, period millwork, a wraparound porch, locked storage, a full basement, and a full stand-up attic. The property also includes a detached two-car garage and off-street parking, with additional on-street parking available.
The home sits a few hundred yards from the beach and is near shopping, transportation, and a high-speed ferry to NYC. Public water and public sewer serve the property. The residence is outside a flood zone and did not sustain water damage from Superstorm Sandy. Supported occupancy approaches include short-term rental, long-term rental, owner occupancy, or a combination of these uses.
The home sits a few hundred yards from the beach and is near shopping, transportation, and a high-speed ferry to NYC. Public water and public sewer serve the property. The residence is outside a flood zone and did not sustain water damage from Superstorm Sandy. Supported occupancy approaches include short-term rental, long-term rental, owner occupancy, or a combination of these uses.
Key Highlights
- 2,006‑square‑foot duplex on a large corner lot
- Detached 2‑car garage with off‑street parking
- Built in 1907 with wood flooring and period millwork
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
$33,573
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
3.36%
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%
$671,460
$671.5K
Cap Rate 7%
$479,614
$479.6K
Cap Rate 9%
$373,033
$373.0K
Market Conditions
NOI Build-Up for 2,006 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
$51.3K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$48.0K $23.91/SF
− OpEx
−$14.4K −$7.17/SF
NOI
$33.6K $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%
$671,460
Cap Rate 7%
$479,614
Cap Rate 9%
$373,033
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.6K
NOI $33,573 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$440.7K
$385.6K – $514.1K
NOI $30,848 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$523.8K
$458.3K – $611.1K
NOI $36,666 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
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 - Corner-lot residence with a wraparound porch, hardwood floors, basement, attic, and flexible occupancy options.
Where is this duplex located?
The property is located at 65 Atlantic Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,006‑square‑foot duplex on a large corner lot; Detached 2‑car garage with off‑street parking; Built in 1907 with wood flooring and period millwork
