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242 1st Street, Keyport, NJ, 07735

4beds
2baths
2,200sqft
$750,000
$341price/sqft
$5,608/moest. monthly cost
$224,320/yrincome needed

About This Home

Exceptional fully renovated multi-family property in Keyport. Every major system has been updated, including brand-new water and heating systems (installed approx. 6 months ago), making this a low-maintenance, high-efficiency home. The first-floor apartment features a living room, formal dining room, kitchen, two bedrooms, one bathroom, and an extra bonus room perfect for a home office, guest room, or flex space. The second-floor apartment offers a bright, oversized living room, kitchen, and one full bath, providing a comfortable and functional layout. Ideal for investors or owner-occupants seeking a renovated, income-producing property in a desirable Keyport location. Exceptional fully renovated multi-family property in Keyport. Every major system has been updated, including brand-new water and heating systems (installed approx. 6 months ago), making this a low-maintenance, high-efficiency home. The first-floor apartment features a generous living room, formal dining room, kitchen, two bedrooms, one bathroom, and an extra bonus room perfect for a home office, guest room, or flex space. The second-floor apartment offers a bright, oversized living room, kitchen, and one full bath, providing a comfortable and functional layout. Ideal for investors or owner-occupants seeking a renovated, income-producing property in a desirable Keyport location.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
76
BikeVery Bikeable

Schools

6/10
Central SchoolGrades PK-80.6 mi
2/10
Keyport High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1909

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Other

Interior Area

  • Total structure area: 2,200
  • Total interior livable area: 2,200 sqft

Property

Details

  • Parcel number: 2400128000000006

Features

  • Stories: 2

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 40 x 125

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Heat Wave
Lightning
Winter Weather
Coastal Flooding
Cold Wave
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,792$45,504
Home Insurance *$277$3,324
Property Taxes $1,297$15,564
Electricity $242$2,910
Total$5,608$67,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$192,274/yr
40% on housing$168,240/yr
45% on housing$149,546/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$341This listing

vs Other Active Listings

Avg $/sqft

ZIP 07735$272
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 07735$331
Monmouth County$384

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-12Listed for sale$750,000
2004-05-06Sold$269,900
1997-04-15Sold$73,000

For Sale by Agent

AgentJose A Gonzalez
BrokerageElite Living Realty Group

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