Residential Income Duplex
795 Harmony Road Middletown, NJ 07748
795 Harmony Road, Middletown, NJ, 07748
$789,900
For Sale
$789,900
Large main home with an upstairs 5-room rental apartment, offering flexible layout options with updating.
Property Size3,884 SF
Lot Size0.50 Acres
Price / SF$203.37
Days on Market41
Property Features for 795 Harmony Road
General Information
- Standard status
- Active
- Size
- 3,884 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1908
Listing Agency
NextHome Nexus Realty Group
Listed by
Diane Traverso
(833) 740-1234
Source
Actionplusrealty
Added: Jun 7 Checked: Jul 16 at 1:56 am
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 NextHome Nexus Realty Group
Investment Insights
Based on property information with market context.
This residential income duplex features a large main house with 11 rooms and a separate 5-room rental apartment located on the second level. The main home includes space where three rooms can be converted to bedrooms, supporting flexible configuration. At approximately 3,884 square feet and situated on nearly 1/2 acre, the property presents an opportunity for buyers looking to update and tailor the layout for either rental income or dual occupancy.
The property is offered for sale at 795 Harmony Road in Middletown, New Jersey. For additional details on the current setup and how the rooms can be utilized, contact the listing agent.
The property is offered for sale at 795 Harmony Road in Middletown, New Jersey. For additional details on the current setup and how the rooms can be utilized, contact the listing agent.
Key Highlights
- Year built 1908
- Main house features 11 rooms with space to convert three rooms into bedrooms
- Includes a 5‑room rental apartment on the 2nd level
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.3k | $25.56 |
| − Vacancy | −$6.4k | −$1.65 |
| EGI | $92.9k | $23.91 |
| − OpEx | −$27.9k | −$7.17 |
| NOI | $65.0k | $16.74 |
3,884 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$928.6K
$812.5K – $1.08M
NOI $65,003 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$853.3K
$746.6K – $995.5K
NOI $59,728 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,993 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Large main home with an upstairs 5-room rental apartment, offering flexible layout options with updating.
Where is this duplex located?
The property is located at 795 Harmony Road Middletown, NJ.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Year built 1908; Main house features 11 rooms with space to convert three rooms into bedrooms; Includes a 5‑room rental apartment on the 2nd level
