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    Highlands, NJ
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    Highlands, NJ Multifamily Properties for Sale

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    Atlantic Highlands, NJ Rumson, NJ Sea Bright, NJ Fair Haven, NJ Leonardo, NJ Red Bank, NJ Belford, NJ Eatontown, NJ
    Updated Mixed-Use Building
    Updated: Mar 1
    Updated Mixed-Use Building

    205 Bay Avenue, Highlands, NJ 07732

    $850,000
    1,600 sqft
    1,600‑square‑foot mixed‑use building with street‑level storefront
    Renovated interior spanning both levels
    Flexible upper floor for professional or residential space
    Near Seastreak Ferry Terminal with direct service to NYC
    Central air and forced‑air heating
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    This listing looks promising.

    Here's a quick look at some key insights for

    205 Bay Avenue, Highlands, NJ 07732

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    • Est. Cap Rate

      3.2%
      NOI ÷ price

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $383K
      Suggested

    • Last Sold

      Jan 2015
      $190K

    • Property Type

      Commercial (General)
      Built 1923
    View Property Analytics
    Mixed-Use Property in Highlands
    Updated: Aug 22, 2025
    Mixed-Use Property in Highlands

    196 Bay Avenue, Highlands, Highlands, NJ 07732

    $750,000
    3,200 sqft 0.09 AC lot
    Prime location in the heart of Highlands, near the Sea Streak Ferry and Jersey Shore.
    Versatile mixed‑use property with retail/office/restaurant space on the first floor and a 4‑bedroom apartment on the second floor.
    Value‑add opportunity to increase income by dividing the existing apartment into two 2‑bedroom units.
    Newly re‑zoned district allows for adding another story with two additional 2‑bedroom apartments.
    Strong rental demand in Highlands, with 2‑bedroom units averaging $2,500+ per month.
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Highlands, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with Wooded Setting
    Duplex with Wooded Setting

    1 Thompson Drive, Leonardo, NJ 07737

    $999,900
    2,912 sqft 1.12 AC lot

    Legal two-family residence with off-street parking, public utilities, and a deck.

    View details
    Duplex With Two Newly Remodeled Homes
    Duplex With Two Newly Remodeled Homes

    383 Navesink Avenue, Atlantic Highlands, NJ 07716

    $1,350,000
    3,500 sqft 0.21 AC lot

    Duplex with a 3-bed/3-bath home and a 2-bed/1-bath home, with public water and public sewer.

    View details
    Remodeled Two-Home Multifamily Property
    Remodeled Two-Home Multifamily Property

    383 Navesink Ave, Atlantic Highlands, NJ 07716

    $1,350,000
    3,500 sqft

    Two separate residences share one parcel and offer updated interiors with flexible occupancy options.

    View details
    Two-Unit Duplex with Wooded Setting
    Two-Unit Duplex with Wooded Setting

    1 Thompson Drive, Leonardo, NJ 07737

    $999,900
    2,912 sqft

    Legal two-family configuration with substantial off-street parking and a private setting near beaches, marina access, and commuter transportation.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Flatbush Development Property For Sale
    Flatbush Development Property For Sale

    14 E 32nd Street lot: 13, Brooklyn, NY 11226

    $1,249,000
    1,407 sqft 0.09 AC lot

    40 x 100 lot with R6, C1-2 zoning.

    View details
    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family residence with two three-bedroom apartments, a separate-entry basement, and public water and sewer service.

    View details

    Off-Market Properties in Highlands, NJ

    Consider similar Off-Market properties in Highlands, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    82 Vly Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    82 Vly Ave, Highlands, NJ 07732-1819

    $325,000
    Estimated value
    1,128 sqft 0.72 AC lot
    View details
    47-49 Bay Ave, Unit 49
    APARTMENT HOUSE (UNDER 5 UNITS)

    47-49 Bay Ave, Highlands, NJ 07732-1918

    Unit 49
    $320,000
    Estimated value
    4,484 sqft 0.12 AC lot
    View details

    Highlands, NJ Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Highlands, NJ on our real estate platform. These investment opportunities span a total of 4,800 square feet of properties for sale, with an estimated market value of $1,600,000.

    Sale prices for multifamily properties in Highlands, NJ start at $750,000, averaging $800,000, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 4,686
    Population Growth (5Y) -3.1%
    Median Household Income $90,205
    College Educated 81.2%

    High-Yield Neighborhoods for Investment

    Identify Highlands submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07732 $800K

    Taxes & Financing

    Tax Rate (average for all types) 2.06%
    Property Tax per SF $6.64 per SF
    Tax Rate vs County Average 0.22 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monmouth County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monmouth County

    Residential Income

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