Two-Unit Duplex with
For Sale
$459,000
949 Round Avenue, Brick, NJ 08723
Legal two-family property with separate entrances, kitchens, living areas, off-street parking, and an attached garage.
Property Size1,073 SF
Days on Market58
Property Features for 949 Round Avenue
General Information
Standard status
Active
Size
1,073 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
Residential
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,086
Amenities
Other
Off Street, On Street, Attached
Building Details
Building Size
1,073 SF
Year Built
1960
Buildings
1
Stories
2
Tenancy
Multi
Listed By:
Andre DiStefano
(732) 387-3807
Source:
Evrealestate
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 4 at 9:47AM
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 Andre DiStefano
Investment Insights
Based on property information with market context.
This legal two-family duplex at 949 Round Avenue includes two separately configured residences, each with its own kitchen, living space, and private entrance. The first-floor unit has 1 bedroom and 1 full bath, while the second-floor residence offers 2 bedrooms and 1 full bath. The property also includes off-street parking and an attached garage.
Both units are currently rented, providing an existing income stream. Built in 1960, the property offers a two-unit residential configuration suitable for an owner-occupant or an investor seeking a multifamily asset.
Both units are currently rented, providing an existing income stream. Built in 1960, the property offers a two-unit residential configuration suitable for an owner-occupant or an investor seeking a multifamily asset.
Key Highlights
- Legal two‑family duplex at 949 Round Avenue
- First‑floor unit with 1 bedroom and 1 full bath
- Second‑floor unit with 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,958
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,160
$359.2K
Cap Rate 7%
$256,543
$256.5K
Cap Rate 9%
$199,533
$199.5K
Market Conditions
NOI Build-Up for 1,073 SF
Gross rent
$27.4K $25.56/SF
− Vacancy
−$1.8K −$1.65/SF
EGI
$25.7K $23.91/SF
− OpEx
−$7.7K −$7.17/SF
NOI
$18.0K $16.74/SF
Area
Ocean 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 Rate 5%
$359,160
Cap Rate 7%
$256,543
Cap Rate 9%
$199,533
Alternative Uses
Best Use
Multifamily LT 5
$256.5K
$224.5K – $299.3K
NOI $17,958 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$235.7K
$206.3K – $275.0K
NOI $16,501 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$280.2K
$245.2K – $326.9K
NOI $19,613 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 08723, NJ
31,272
Population
14,075
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$103,953
Median Household Income
$54,165
Median Earnings
$1,652
Median Rent
$374,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with separate entrances, kitchens, living areas, off-street parking, and an attached garage.
Where is this duplex located?
The property is located at 949 Round Avenue Brick, NJ.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Legal two‑family duplex at 949 Round Avenue; First‑floor unit with 1 bedroom and 1 full bath; Second‑floor unit with 2 bedrooms and 1 full bath
