Renovated Two-Unit
88 South Street Eatontown, NJ 07724
88 South Street, Eatontown, NJ, 07724
$849,000
For Sale
$849,000
Newly renovated two-unit home with two kitchens, three bathrooms, and six bedrooms across two separate living areas.
Property Size2,192 SF
Price / SF$387.32
Days on Market189
Property Features for 88 South Street
General Information
- Standard status
- Active
- Size
- 2,192 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1906
Listing agency
RESOURCES REAL ESTATE LLC
(917) 686-4111
Listed by
GINA FARKOUH
(917) 686-4111
Source
Compass
Added: Jan 14 Updated: Jul 21 at 10:13PM Checked: Jul 22 at 7:34AM
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 RESOURCES REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This newly renovated two-unit duplex offers substantial interior space with two kitchens, three bathrooms, six bedrooms, and two living rooms. The first-floor unit includes a dedicated laundry room and warm, bright finishes. The second-floor unit is accessible from both the front door and a rear door, with stairs providing additional internal access.
The property includes an additional area behind the home that is described as very large, offering room for possibilities for a buyer looking for flexibility beyond the primary duplex configuration.
Situated at 88 South Street, Eatontown, NJ 07724, this residence is positioned for buyers interested in a straightforward two-unit setup within a residential neighborhood setting.
The property includes an additional area behind the home that is described as very large, offering room for possibilities for a buyer looking for flexibility beyond the primary duplex configuration.
Situated at 88 South Street, Eatontown, NJ 07724, this residence is positioned for buyers interested in a straightforward two-unit setup within a residential neighborhood setting.
Key Highlights
- Newly renovated 2‑unit home with 6 bedrooms and 3 full bathrooms across 2 levels
- Two kitchens plus two living rooms, with updated stainless appliances in the kitchens
- 1st floor unit includes a dedicated laundry room
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 | $56.0k | $25.56 |
| − Vacancy | −$3.6k | −$1.65 |
| EGI | $52.4k | $23.91 |
| − OpEx | −$15.7k | −$7.17 |
| NOI | $36.7k | $16.74 |
2,192 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.1K
$458.6K – $611.4K
NOI $36,686 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$481.6K
$421.4K – $561.8K
NOI $33,709 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$572.4K
$500.8K – $667.8K
NOI $40,066 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly renovated two-unit home with two kitchens, three bathrooms, and six bedrooms across two separate living areas.
Where is this duplex located?
The property is located at 88 South Street Eatontown, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Newly renovated 2‑unit home with 6 bedrooms and 3 full bathrooms across 2 levels; Two kitchens plus two living rooms, with updated stainless appliances in the kitchens; 1st floor unit includes a dedicated laundry room
