Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Multi-Family Property in Toms River Title is generated by Realmo AI

    10 Minturn Road, Toms River, NJ 08753

    View on Map
    Claim this Listing
    For Sale
    $999,999

    MULTI_FAMILY - Toms River, NJ

    Property size:
    3,392 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $294/SF
    Added:
    May 4, 2026
    Days on Market:
    18
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 10 Minturn Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1, Basement, Bedroom 6
    Patio and Porch features
    Patio
    Interior features
    Attic, Balcony
    Basement
    Dirt Floor
    Standard status
    Active
    APN
    08-00794-09-00019
    Size
    3,392 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12930

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front
    1

    Building Details

    Year built
    1959
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood
    Roof type
    Shingle

    We can help!

    Listing Contact
    Cintia D'Urso

    Listing agent Cintia D'Urso

    Listing office Vox Realty 1010 Stuyvesant Ave., Union, NJ

    Listing date May 4, 2026

    MLS# 22612819 Listing URL

    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.

    HighLights

    • Waterfront property with desirable views and access.
    • Two‑family home featuring 6 bedrooms and 4 full bathrooms.
    • Ample parking with a driveway that accommodates up to 7 vehicles.
    • Potential for extended living or rental income.
    • Central air conditioning and forced air heating.
    • Includes a balcony and patio.

    Overview

    This two-family waterfront property in Toms River, New Jersey, presents a rare opportunity with its six bedrooms and four full bathrooms. The layout offers ample room for extended living or rental potential. Positioned on the waterfront, the property delivers sought-after views and access. A generously sized driveway accommodates up to seven vehicles. The property, situated on a 0.17-acre lot, features a building with 3392 square feet of space. The property offers strong fundamentals, size, location, and functionality for buyers who recognize opportunity. The boat lift is sold 'as is'.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $630.8K
    NOI $56,769 @ 9.00% cap · cautious / downside scenario
    Moderate
    $811.0K
    NOI $56,769 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.14M
    NOI $56,769 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $86.7k $25.56
    − Vacancy −$5.6k −$1.65
    EGI $81.1k $23.91
    − OpEx −$24.3k −$7.17
    NOI $56.8k $16.74
    3,392 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $811.0K
    $709.6K – $946.2K (±1% cap)
    NOI $56,769 @ 7.0% cap · market cap 5.68%
    Second Best
    Apartment 5plus
    $745.2K
    $652.0K – $869.4K (±1% cap)
    NOI $52,162 @ 7.0% cap · market cap 5.22%
    Theoretical Best
    Office A
    $885.7K
    $775.0K – $1.03M (±1% cap)
    NOI $62,000 @ 7.0% cap · market cap 6.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.122532
    Latitude
    39.948778

    Nearby Similar for Sale

    • $875,000
      4,125 SF

      Furnished Office in Toms River

      Furnished office space with ample parking and strong visibility.
      506 Hooper Avenue, Toms River, NJ 08753
      View Details
    • $599,000
      2,400 SF

      Toms River Commercial Opportunity

      Move-in ready commercial space in Toms River, NJ.
      557 Fischer Boulevard, Toms River, NJ 08753
      View Details
    • $650,000
      4,206 SF

      Downtown Toms River Commercial Building

      Prime commercial building in the heart of downtown Toms River.
      43 Main Street, Toms River, NJ 08753
      View Details
    • $2,350,000
      9,954 SF

      Route 37 East Investment Opportunity

      Three office buildings with approvals for a new 12,000 SF building.
      25 Route 37 E, Toms River, NJ 08753
      View Details
    • $850,000

      Approved Land in Medical Corridor

      Approved land for a two-story professional building in Toms River.
      354 Lakehurst Road, Toms River, NJ 08755
      View Details
    • $1,850,000
      5,854 SF

      Multi-Use Property in Toms River

      1.14 acres with gas station, shop, and residential structure.
      281 Route 37, Toms River, NJ 08753
      View Details
    • $569,000
      2,819 SF

      Spacious Multifamily Property in Toms River

      Versatile property with flexible layout, solarium, and detached garage.
      547 Brookside Drive, Toms River, NJ 08753
      View Details
    • $2,650,000

      Toms River Commercial Investment Opportunity

      Commercial property in Toms River, NJ with investment or owner-user potential.
      10 Allen Street, Toms River, NJ 08753
      View Details
    • $825,000
      3,974 SF

      Toms River Office Building For Sale

      Two-story office building in Village Office Zone, ideal for visibility.
      615 Main Street, Toms River, NJ 08753
      View Details
    • $150,000
      44,204 SF

      Turnkey Pizza Shop For Sale

      Fully operational pizza shop with equipment, furniture, fixtures, and inventory.
      1922 Hooper Avenue, Toms River, NJ 08753
      View Details
    • $329,999

      Turnkey Restaurant Opportunity in Toms River

      Established, remodeled restaurant ready for growth in high-visibility location.
      E Main Street, Toms River, NJ 08753
      View Details
    • $1,195,000
      1,392 SF

      Downtown Toms River Commercial Building

      Three-level office building on 0.87 acre lot in Toms River.
      122 Lien Street, Toms River, NJ 08753
      View Details

    FAQs

    What type of property is this?
    Duplex - Rare waterfront 2-family property with rental potential in Toms River.
    Where is this duplex located?
    The property is located at 10 Minturn Road Toms River, NJ.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: Waterfront property with desirable views and access.; Two‑family home featuring 6 bedrooms and 4 full bathrooms.; Ample parking with a driveway that accommodates up to 7 vehicles.
    (908) 851-2121
    We can help!
    Listing Contact
    Cintia D'Urso
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10 Minturn Road, Toms River, NJ 08753
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!