Well-Maintained Duplex Income
1 Lakeview Drive New Egypt, NJ 08533
1 Lakeview Drive, New Egypt, NJ, 08533
$375,000
Pending
For Sale
$375,000
Pending
Well-maintained duplex offering two 2-bedroom, 1-bath units with wood flooring and an outdoor storage area.
Property Size1,760 SF
Days on Market26
Property Features for 1 Lakeview Drive
General Information
- Standard status
- Pending
- Size
- 1,760 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Smires & Associates
(609) 865-1801
Listed by
James Traynham · License #1327427
(609) 865-1801
Source
Compass
Added: Jun 27 Updated: Jul 21 at 2:30PM Checked: Jul 21 at 2:30PM
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 Smires & Associates
Investment Insights
Based on property information with market context.
This well-maintained duplex features two spacious 2-bedroom, 1-bath units. Both units include bright, comfortable living spaces with wood flooring throughout. The property also provides an outdoor storage area for added convenience.
The home is located in New Egypt, Ocean County, within the Plumsted Township school district. Nearby are local shopping, dining, schools, and major commuter routes.
With two separate residential units, the property is suited to income-producing use while maintaining the flexibility of owner-occupancy.
The home is located in New Egypt, Ocean County, within the Plumsted Township school district. Nearby are local shopping, dining, schools, and major commuter routes.
With two separate residential units, the property is suited to income-producing use while maintaining the flexibility of owner-occupancy.
Key Highlights
- Well‑maintained duplex built in 1920 in New Egypt
- 2 spacious 2‑bedroom, 1‑bath units
- Wood floors throughout the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $25.56 |
| − Vacancy | −$2.9k | −$1.65 |
| EGI | $42.1k | $23.91 |
| − OpEx | −$12.6k | −$7.17 |
| NOI | $29.5k | $16.74 |
1,760 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$459.6K
$402.1K – $536.2K
NOI $32,170 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offering two 2-bedroom, 1-bath units with wood flooring and an outdoor storage area.
Where is this duplex located?
The property is located at 1 Lakeview Drive New Egypt, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1920 in New Egypt; 2 spacious 2‑bedroom, 1‑bath units; Wood floors throughout the units
