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Historic Mixed-Use Keyport Income Property

78 1st Street, Keyport, NJ 07735

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For Sale

$650,000

Two buildings with three income-producing units in historic Keyport.

Type:Commercial

Property size:

3,787 SF

Lot size:

0.10 Acres

Price / SF:

$171/SF

HighLights

Three income‑producing units: retail/office space, 3‑bedroom apartment, and a 5‑bedroom house.
Mixed‑use property in historic Keyport.
Seller offering credit for repairs at full price in "as is" condition.
Potential to double rents with TLC.
Located near restaurants, shops, antiques, and waterfront entertainment.
Colonial‑style house features 5 bedrooms, living and dining rooms, a fireplace, and basement.

We can help!

Listing Contact

VALLI MORANO

For Sale

$650,000

Two buildings with three income-producing units in historic Keyport.

Type:Commercial

Property size:

3,787 SF

Lot size:

0.10 Acres

Price / SF:

$171/SF

Added:: Apr 12, 2025
Days on Market:: 425
Last Refresh:: Apr 5 at 9:09 pm

Property Features for 78 1st Street

General Information

Standard status: Active
Size: 3,787 SF
Lot size: 0.10 Acres
Property subtype: Commercial

Building Details

Year Built: 1920

We can help!

Listing Contact

VALLI MORANO

Listing agent VALLI MORANO

Listing office BETTER HOMES AND GARDENS REAL ESTATE MURPHY & CO.

Listing date Apr 12, 2025

Source Corcoran

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 BETTER HOMES AND GARDENS REAL ESTATE MURPHY & CO.

HighLights

Three income‑producing units: retail/office space, 3‑bedroom apartment, and a 5‑bedroom house.
Mixed‑use property in historic Keyport.
Seller offering credit for repairs at full price in "as is" condition.
Potential to double rents with TLC.
Located near restaurants, shops, antiques, and waterfront entertainment.
Colonial‑style house features 5 bedrooms, living and dining rooms, a fireplace, and basement.

Overview

This unique property in historic Keyport features two buildings with a total of three income-producing units. The mixed-use building includes approximately 850 square feet of retail or office space and a three-bedroom apartment above. Additionally, there is a Colonial-style house of approximately 2500 square feet, featuring five bedrooms, a living room, dining room, fireplace, and basement. The property is currently fully rented with no leases. Located in a thriving area, the property is surrounded by restaurants, shops, antiques, and waterfront entertainment. The property is being offered in "as is" condition, with the seller offering a credit for repairs at full price. The total property size is 3787 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$113.6k	$30.00
− Vacancy	−$7.7k	−$2.04
EGI	$105.9k	$27.96
− OpEx	−$47.6k	−$12.58
NOI	$58.2k	$15.38

3,787 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$831.9K

$728.0K – $970.6K (±1% cap)

NOI $58,236 @ 7.0% cap · market cap 8.96%

Second Best

Retail

$772.2K

$675.7K – $900.9K (±1% cap)

NOI $54,053 @ 7.0% cap · market cap 8.32%

Theoretical Best

Office A

$988.9K

$865.3K – $1.15M (±1% cap)

NOI $69,220 @ 7.0% cap · market cap 10.65%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Keyport
County: Monmouth
State: New Jersey
Longitude: -74.1993
Latitude: 40.4386

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For sale
Mixed-use properties
NJ
Keyport
07735
78 1st Street

What type of property is this?

Mixed-use property - Two buildings with three income-producing units in historic Keyport.

Where is this mixed-use property located?

The property is located at 78 1st Street Keyport, NJ.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Three income‑producing units: retail/office space, 3‑bedroom apartment, and a 5‑bedroom house.; Mixed‑use property in historic Keyport.; Seller offering credit for repairs at full price in "as is" condition.