Updated Duplex with Detached
For Sale
$1,300,000
65 Branch Avenue, Red Bank, NJ 07701
Multi-Family, Red Bank, NJ
Property Size2,393 SF
Lot Size0.15 Acres
Price / SF$543.25
Days on Market8
Property Features for 65 Branch Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Single Family, Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street, Oversize, Garage
Patio and Porch features
Deck
Interior features
Attic, Recessed Lighting
Exterior features
Outdoor Grill, Deck, Recreation Area
Fencing
Fenced
Basement
Crawl Space, Partial
Directions
Please use GPS for the most direct route
Standard status
Active
APN
39-00107-0000-00011-01
Size
2,393 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15691
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air
Cooling system
Zoned, Central Air
Water source
Public
Amenities
main-floor laundry
private patio with fireplace
Building Details
Year built
1915
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Wood
Roof type
Shingle
Listing Agency:
Keller Williams Realty Spring Lake
Listed By:
Carolina Dellafiori · License #43209
(848) 220-7120
Added: Sep 5
Changed: Sep 12
Last Checked: Sep 12 at 2:06PM
MLS# 22627981
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 2,393-square-foot duplex includes a primary residence with 3 bedrooms, 2 full baths, living and dining areas, an updated kitchen, and main-floor laundry. The upper residence adds 1 bedroom, a den, and a full bath. A detached garage contains finished space with HVAC and running water, offering additional room for an office, studio, gym, or other workspace. The property also includes a private patio with fireplace, deck, fenced areas, wood and ceramic tile flooring, and an oversized driveway with off-street parking.
Each residential unit has its own electric, gas, and water utilities. Three new HVAC systems provide zoned heating and cooling across the property. The second-floor unit is currently used as a short-term rental; continued operation requires Red Bank Borough licensing and approvals. Public water and sewer serve the property, which is located near downtown Red Bank's restaurants, shopping, entertainment, and transportation.
Each residential unit has its own electric, gas, and water utilities. Three new HVAC systems provide zoned heating and cooling across the property. The second-floor unit is currently used as a short-term rental; continued operation requires Red Bank Borough licensing and approvals. Public water and sewer serve the property, which is located near downtown Red Bank's restaurants, shopping, entertainment, and transportation.
Key Highlights
- 2,393 square feet across two residential units
- Primary residence with 3 bedrooms, 2 full baths, updated kitchen, and main‑floor laundry
- Second‑floor residence includes 1 bedroom, a den, and full bath
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
$40,050
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
3.08%
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%
$801,000
$801.0K
Cap Rate 7%
$572,143
$572.1K
Cap Rate 9%
$445,000
$445.0K
Market Conditions
NOI Build-Up for 2,393 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
$61.2K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.2K $23.91/SF
− OpEx
−$17.2K −$7.17/SF
NOI
$40.0K $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%
$801,000
Cap Rate 7%
$572,143
Cap Rate 9%
$445,000
Alternative Uses
Best Use
Multifamily LT 5
$572.1K
$500.6K – $667.5K
NOI $40,050 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$525.7K
$460.0K – $613.3K
NOI $36,800 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$624.9K
$546.8K – $729.0K
NOI $43,740 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units, separate utilities, and flexible finished space support living, hosting, or workspace needs.
Where is this duplex located?
The property is located at 65 Branch Avenue Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,393 square feet across two residential units; Primary residence with 3 bedrooms, 2 full baths, updated kitchen, and main‑floor laundry; Second‑floor residence includes 1 bedroom, a den, and full bath
