Five-Bedroom
For Sale
$995,000
745 22nd Avenue, Lake Como, NJ 07719
Residential, Duplex, Lake Como, NJ
Property Size2,242 SF
Lot Size0.05 Acres
Price / SF$443.80
Days on Market52
Property Features for 745 22nd Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential, Non-Conforming, Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4
Parking features
Off Street
Window features
Skylight(s)
Patio and Porch features
Patio, Deck
Interior features
Spiral Stairs
Lot features
Back to Woods
Elementary school
Belmar
Middle school
Belmar
High school
Manasquan
Directions
Spring Lake 3rd Ave north to Marucchi Park and Lake Como. Make 1st left after Marucchi Park. House is on left and faces out to Margerum Avenue.
Standard status
Active
APN
46-00035-0000-00006
Size
2,242 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7013
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Flooring type
Tile - Ceramic, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Real Broker, LLC-
Listed By:
Donna A Ahern
(732) 746-3654
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 26 at 10:06PM
MLS# 22627991
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.
This 1950-built duplex contains 2,242 square feet across two apartments: a three-bedroom upper unit and a two-bedroom lower unit. Each residence has a washer and dryer, dishwasher, refrigerator, microwave, and stove. Interior finishes include vinyl plank and ceramic tile, with a spiral staircase connecting the upper apartment to a carpeted third floor. Recent property work includes tankless heating and hot-water systems, along with a newer roof and gutters. Off-street parking and a patio and deck are also present.
The property is near Marucci Park and Behrman Park, with Spring Lake and Belmar beaches nearby. Shopping, restaurants, and train stations are also in the surrounding area. The two-unit configuration is described as a grandfathered two-family property.
The property is near Marucci Park and Behrman Park, with Spring Lake and Belmar beaches nearby. Shopping, restaurants, and train stations are also in the surrounding area. The two-unit configuration is described as a grandfathered two-family property.
Key Highlights
- Two apartments: three bedrooms upstairs and two bedrooms downstairs
- 2,242 square feet on a 0.05‑acre lot
- Washer and dryer, dishwasher, refrigerator, microwave, and stove in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,523
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,460
$750.5K
Cap Rate 7%
$536,043
$536.0K
Cap Rate 9%
$416,922
$416.9K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$57.3K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.6K $23.91/SF
− OpEx
−$16.1K −$7.17/SF
NOI
$37.5K $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 Rate 5%
$750,460
Cap Rate 7%
$536,043
Cap Rate 9%
$416,922
Alternative Uses
Best Use
Multifamily LT 5
$536.0K
$469.0K – $625.4K
NOI $37,523 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$492.5K
$431.0K – $574.6K
NOI $34,477 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$585.4K
$512.3K – $683.0K
NOI $40,980 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments include in-unit laundry, dishwashers, and additional kitchen appliances.
Where is this duplex located?
The property is located at 745 22nd Avenue Lake Como, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two apartments: three bedrooms upstairs and two bedrooms downstairs; 2,242 square feet on a 0.05‑acre lot; Washer and dryer, dishwasher, refrigerator, microwave, and stove in each unit
