Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51-53 Main St Manasquan, NJ 08736

    View on Map
    Sponsored
    Pending
    $999,000

    MULTI_FAMILY - Manasquan, NJ

    Property size:
    2,168 SF
    Lot size:
    0.17 Acres
    Days on Market:
    23
    Last Refresh:
    Mar 12 at 12:06 am

    Property Features for 51-53 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    29-00027-0000-00014-01
    Parking
    4
    Basement
    Full
    Size
    2,168 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1904
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Erin Hunt

    Diane Turton, Realtors (732) 449-4441

    Listing agent Erin Hunt (732) 295-9600

    Listing date Feb 17, 2026

    MLS# 22600884 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.

    Learn more

    Property Insight Report

    Overview

    Manasquan Duplex Near Downtown

    This well-maintained duplex in Manasquan presents an opportunity with income potential or conversion to a single-family home. Each side of the duplex features 2 bedrooms. The property includes a basement and a walk-up attic for additional storage. The lot size is 0.17 acres. The property size is 2168 square feet. The fenced yard is equipped with artificial turf. Parking is available for 4 cars. The location is near downtown and a few blocks from local schools.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Manasquan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.052955
    Latitude
    40.124948

    Nearby Similar for Sale

    • New
      $1,100,000
      8,441 SF

      Manasquan Multi-Tenant Industrial Flex Building

      8,000+ SF multi-tenant industrial flex building with value-add potential.
      9 Mount Ln, Manasquan, NJ 08736
      View Details
    • $425,000
      1,609 SF

      Manasquan Medical Office Condo

      Built-out medical office suite in a high-visibility location.
      2640 Highway 70, Manasquan, NJ 08736
      View Details
    • New
      $999,000
      Pending

      Manasquan Two-Family Home Near Beach

      Two-unit home near the beach, ideal for living or investment.
      200-202 3 Ave, Manasquan, NJ 08736
      View Details
    • $899,999
      Pending

      Manasquan Industrial Building For Sale

      Industrial building in Manasquan, high visibility, flexible zoning.
      5 Mount Ln, Manasquan, NJ 08736
      View Details
    • $1,499,000
      3,986 SF

      Manasquan Mixed-Use Property For Sale

      Mixed-use property with renovation potential in Manasquan's B-1 zone.
      24-26 Broad St, Manasquan, NJ 08736
      View Details
    • $1,199,000
      0.16 Acres

      Mixed-Use Property in Manasquan, NJ

      Mixed-use commercial property with residential apartment and detached garage.
      130 Union Ave, Manasquan, NJ 08736
      View Details
    • $2,595,000
      2,150 SF

      Manasquan Land with Development Potential

      Two parcels in downtown Manasquan with endless potential opportunities.
      Manasquan, NJ 08736
      View Details
    • $2,000,000
      6,167 SF

      Prime Redevelopment Opportunity Near Beaches

      Operating motel with high-density residential zoning near coastal attractions.
      2337 Rte 34, Manasquan, NJ 08736
      View Details
    • $9,849,000

      New Manasquan Apartment Building

      New 23-unit apartment building in desirable Manasquan location.
      33 Union Ave, Manasquan, NJ 08736
      View Details
    • $1,199,000

      Mixed-Use Property with Residential Unit

      Mixed-use property with commercial space and residential apartment.
      130 Union Ave, Manasquan, NJ 08736
      View Details
    • $899,000
      0.07 Acres

      401 Perrine Blvd, Manasquan, NJ 08736

      Commercial real estate • 0.07 Acres
      401 Perrine Blvd, Manasquan, NJ 08736
      View Details
    • $250,000
      2,500 SF

      Manasquan Restaurant - Turnkey Opportunity

      Established eatery, prime location, great lease terms.
      168 Main St, Manasquan, NJ 08736
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in prime location near downtown and schools.
    Where is this duplex located?
    The property is located at 51-53 Main St Manasquan, NJ.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Incredible location: close to downtown and schools.; - Duplex offers income potential or conversion to single-family home.; - Well-maintained property.
    (732) 239-1009
    Request Owner's contact information
    51-53 Main St Manasquan, NJ 08736
    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.
    51-53 Main St
    Manasquan, NJ 08736
    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
    51-53 Main St Manasquan, NJ 08736
    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

    We can help!
    Listing Contact
    Erin Hunt
    Real Estate License ID: 8744399
    (732) 239-1009 (732) 295-9600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!