Fully Renovated Duplex with
For Sale
$585,000
Pending
807 6th Street, Union Beach, NJ 07735
MULTI_FAMILY - Union Beach, NJ
Property Size1,600 SF
Lot Size0.11 Acres
Days on Market49
Property Features for 807 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1
Parking
1
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Recessed Lighting
Exterior features
Deck
Fireplace
1
Basement
Crawl Space
Lot features
Bayside, Level
Elementary school
Memorial
Middle school
Memorial
High school
Keyport
Directions
Florence Ave to 6th St #807
Standard status
Pending
APN
50-00045-0000-00016
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9361
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Water front
1
Amenities
electric fireplace
wood deck
laundry room
Building Details
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Lighthouse Realty of NJ, LLC
(732) 884-8151
Listed By:
Vincent Alu · License #0017779
(732) 884-8151
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 12 at 9:06AM
MLS# 22619255
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.
Investment Insights
Based on property information with market context.
This fully renovated duplex consists of two separate houses on one lot, with both units currently vacant. The front house is an over-1,100 SF ranch-style home with two bedrooms and one bathroom, featuring a living room with an electric fireplace, a bright white eat-in kitchen with a center island, and a dining room/family room. The front home also includes a tankless hot water heater and a side door leading to a large wood deck.
The rear house is about 500 SF and offers one bedroom and one bathroom, plus a laundry room and an open, airy layout with a kitchen opening to the living room. Interior details include recessed lighting. Flooring includes wood and ceramic tile.
Externally, both homes benefit from deck space, shingle roofing, public water, and public sewer. Heating is provided by baseboard systems, and there is off-street parking. The property is located about 6 blocks to sandy beaches.
The rear house is about 500 SF and offers one bedroom and one bathroom, plus a laundry room and an open, airy layout with a kitchen opening to the living room. Interior details include recessed lighting. Flooring includes wood and ceramic tile.
Externally, both homes benefit from deck space, shingle roofing, public water, and public sewer. Heating is provided by baseboard systems, and there is off-street parking. The property is located about 6 blocks to sandy beaches.
Key Highlights
- Two fully renovated houses on one lot with both homes vacant
- Front ranch: over 1,100 SF, 2 bedrooms, 1 bath, electric fireplace
- Rear ranch: about 500 SF, 1 bedroom, 1 bath with laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,560
$535.6K
Cap Rate 7%
$382,543
$382.5K
Cap Rate 9%
$297,533
$297.5K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$40.9K $25.56/SF
− Vacancy
−$2.6K −$1.65/SF
EGI
$38.3K $23.91/SF
− OpEx
−$11.5K −$7.17/SF
NOI
$26.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,560
Cap Rate 7%
$382,543
Cap Rate 9%
$297,533
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.3K
NOI $26,778 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,605 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully renovated homes on one lot, both vacant, with a private wood deck and off-street parking.
Where is this duplex located?
The property is located at 807 6th Street Union Beach, NJ.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two fully renovated houses on one lot with both homes vacant; Front ranch: over 1,100 SF, 2 bedrooms, 1 bath, electric fireplace; Rear ranch: about 500 SF, 1 bedroom, 1 bath with laundry room
