Two-Family Duplex with
745 22nd Avenue, Lake Como, NJ 07719
For Sale
$999,500
Multi-Family, Lake Como, NJ
Property Size2,242 SF
Lot Size0.05 Acres
Price / SF$445.81
Days on Market72
Property Features for 745 22nd Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Exterior features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
Real Broker, LLC-
Listed By:
Donna A Ahern
(732) 746-3654
Added: Sep 5
Changed: Nov 15
Last Checked: Nov 15 at 11:06AM
MLS# 22628010
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 2,242-square-foot, grandfathered two-family property has an upper residence with three bedrooms and a lower residence with two. Both units include a washer and dryer, dishwasher, refrigerator, microwave, and stove. Interior finishes include vinyl plank and ceramic tile flooring, with a skylight and a spiral stairway to the upper unit’s carpeted third-floor area. A newer tankless system provides heat and hot water; the roof and gutters are also newer. Outdoor features include a deck and patio, with off-street parking on the 0.05-acre lot.
The property is near Marucci Park, Behrman Park, Lake Como, and the Spring Lake and Belmar beaches. Downtown shopping, restaurants, and train stations are also nearby.
The property is near Marucci Park, Behrman Park, Lake Como, and the Spring Lake and Belmar beaches. Downtown shopping, restaurants, and train stations are also nearby.
Key Highlights
- Grandfathered two‑family property with 3‑bedroom upper and 2‑bedroom lower residences
- 2,242 square feet on a 0.05‑acre lot
- Washer and dryer, dishwasher, refrigerator, microwave, and stove in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,523
Cap Rate
3.75%
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 3.75%
Second Best
Apartment 5plus
$492.5K
$431.0K – $574.6K
NOI $34,477 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$585.4K
$512.3K – $683.0K
NOI $40,980 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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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
$628,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monmouth County, NJ
Properties on Market for Duplexes in Monmouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three-bedroom and two-bedroom residences each include in-unit laundry and a full appliance package.
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 $999,500.
What are key features of this property?
This property features: Grandfathered two‑family property with 3‑bedroom upper and 2‑bedroom lower residences; 2,242 square feet on a 0.05‑acre lot; Washer and dryer, dishwasher, refrigerator, microwave, and stove in both units
