Ranch-Style
1553 BREAKERS DR, Manahawkin, NJ 08050
For Sale
$500,000
Two occupied residences offer a straightforward two-unit configuration with established tenancy and separate living spaces.
Property Size1,650 SF
Price / SF$303.03
Days on Market52
Property Features for 1553 BREAKERS DR
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Construction
Listing Agency:
BHHS Zack Shore REALTORS
(609) 597-6464
Listed By:
Brian R MacFarlane
(609) 290-5936
Source:
Opal-realestate
Added: Sep 19
Changed: Nov 5
Last Checked: Nov 8 at 5:45AM
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 BHHS Zack Shore REALTORS
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Investment Insights
Based on property information with market context.
This ranch-style duplex at 1553 Breakers Dr comprises 1,650 square feet and is divided into two separate residences. Each unit includes 2 bedrooms and 1 full bath, providing a consistent layout across the property. Both residences are currently occupied, with Unit A having a heating system approximately 1.5 years old and Unit B equipped with a newly installed furnace.
The property has a documented occupancy history, including a 13-year tenancy in Unit A and a 5-year tenancy in Unit B. Windows in Unit B were replaced about 7 years ago. Showings require 24-hour notice.
The property has a documented occupancy history, including a 13-year tenancy in Unit A and a 5-year tenancy in Unit B. Windows in Unit B were replaced about 7 years ago. Showings require 24-hour notice.
Key Highlights
- Two‑unit ranch‑style duplex with 1,650 square feet
- Each residence includes 2 bedrooms and 1 full bath
- Both units are occupied by established tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,615
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,300
$552.3K
Cap Rate 7%
$394,500
$394.5K
Cap Rate 9%
$306,833
$306.8K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$42.2K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$39.4K $23.91/SF
− OpEx
−$11.8K −$7.17/SF
NOI
$27.6K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,300
Cap Rate 7%
$394,500
Cap Rate 9%
$306,833
Alternative Uses
Best Use
Multifamily LT 5
$394.5K
$345.2K – $460.3K
NOI $27,615 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$362.5K
$317.2K – $422.9K
NOI $25,374 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$430.8K
$377.0K – $502.7K
NOI $30,159 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 08050, NJ
26,507
Population
14,182
Households
1.9
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
30.9 sq mi
ZIP Area
858
Density / Sq Mi
$115,456
Median Household Income
$60,458
Median Earnings
$1,756
Median Rent
$377,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Ocean County, NJ
Properties on Market for Duplexes in Ocean County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer a straightforward two-unit configuration with established tenancy and separate living spaces.
Where is this duplex located?
The property is located at 1553 BREAKERS DR Manahawkin, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit ranch‑style duplex with 1,650 square feet; Each residence includes 2 bedrooms and 1 full bath; Both units are occupied by established tenants
