Two-Building Mixed-Use
For Sale
$650,000
78 1st Street, Keyport, NJ 07735
Commercial Sale, Keyport, NJ
Property Size3,787 SF
Lot Size0.10 Acres
Price / SF$171.64
Days on Market571
Property Features for 78 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Multi-Family, Single Family, Retail, Residential, Professional, Multi-Use, Live-in Professional
Rooms
Basement
Parking
4
Parking features
Off Street, On Street, Alley
Exterior features
Display Window, Outdoor Shower
Basement
Dirt Floor, Partial
Lot features
Level
Directions
Route 36 West, Rt on Atlantic, Left on First St. Property on Left.
Standard status
Active
APN
24-00093-0000-00003
Size
3,787 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13875
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Hot Water(Heating)
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Flooring type
Wood
Buildings
2
Listing Agency:
Better Homes and Gardens Real Estate Murphy & Co.
Listed By:
Valli Morano
(732) 741-3030
Added: Apr 11, 2025
Changed: Oct 26
Last Checked: Nov 2 at 5:06AM
MLS# 22510519
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 0.1-acre mixed-use property contains two buildings with three income-producing units. The commercial component includes about 850 SF of retail or office space with a three-bedroom apartment above. A separate Colonial-style house provides approximately 2,500 SF, five bedrooms, living and dining rooms, a fireplace, and a basement. Wood flooring, public water, public sewer, and a combination of hot-water, baseboard, forced-air, central-air, and window-unit systems are present. The property was built in 1920 and is offered in as-is condition.
Located in Keyport, the property is near restaurants, shops, antique businesses, and waterfront entertainment. Parking options include alley, on-street, and off-street parking. The buildings are fully rented, with no leases in place.
Located in Keyport, the property is near restaurants, shops, antique businesses, and waterfront entertainment. Parking options include alley, on-street, and off-street parking. The buildings are fully rented, with no leases in place.
Key Highlights
- Two buildings with three income‑producing units
- About 850 SF of retail or office space with a three‑bedroom apartment above
- Separate Colonial‑style house of approximately 2,500 SF with 5 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,236
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,720
$1.2M
Cap Rate 7%
$831,943
$831.9K
Cap Rate 9%
$647,067
$647.1K
Market Conditions
NOI Build-Up for 3,787 SF
Gross rent
$113.6K $30.00/SF
− Vacancy
−$7.7K −$2.04/SF
EGI
$105.9K $27.96/SF
− OpEx
−$47.6K −$12.58/SF
NOI
$58.2K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,720
Cap Rate 7%
$831,943
Cap Rate 9%
$647,067
Alternative Uses
Best Use
Apartment 5plus
$831.9K
$728.0K – $970.6K
NOI $58,236 @ 7.0% cap · market cap 8.96%
Second Best
Retail
$772.2K
$675.7K – $900.9K
NOI $54,053 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$988.9K
$865.3K – $1.15M
NOI $69,220 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing configuration combines commercial space with residential units and a separate five-bedroom Colonial-style house.
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: Two buildings with three income‑producing units; About 850 SF of retail or office space with a three‑bedroom apartment above; Separate Colonial‑style house of approximately 2,500 SF with 5 bedrooms
