2-Unit Ranch
1553 Breakers Drive, Manahawkin, NJ 08050
For Sale
$500,000
Multi-Family, Manahawkin, NJ
Property Size1,650 SF
Lot Size0.20 Acres
Price / SF$303.03
Days on Market143
Property Features for 1553 Breakers Drive
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Subdivision
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Zack Shore Realtors
Listed By:
Brian R MacFarlane
(609) 597-6464
Added: Jun 23
Changed: Oct 26
Last Checked: Nov 12 at 10:06AM
MLS# 22618976
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.
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Investment Insights
Based on property information with market context.
This 1,650-square-foot ranch-style duplex contains two separate residences, each configured with 2 bedrooms and 1 full bath. Both units are occupied, with Unit A having a tenancy of 13 years and Unit B having a tenancy of 5 years. Unit A’s heating system is approximately 1.5 years old, while Unit B has a newly installed furnace and a window replaced about 7 years ago.
Constructed in 1980, the property sits on 0.2 acres in Manahawkin, NJ. Building systems include forced-air heating, central air conditioning, public water, public sewer, and a shingle roof. Showings require 24-hour notice.
Constructed in 1980, the property sits on 0.2 acres in Manahawkin, NJ. Building systems include forced-air heating, central air conditioning, public water, public sewer, and a shingle roof. Showings require 24-hour notice.
Key Highlights
- 1,650 SF ranch‑style duplex on a 0.2‑acre lot
- Two residences, each with 2 bedrooms and 1 full bath
- Unit A occupied for 13 years; heating system approximately 1.5 years old
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
223
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 separate living spaces and established tenancy.
Where is this duplex located?
The property is located at 1553 Breakers Drive 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: 1,650 SF ranch‑style duplex on a 0.2‑acre lot; Two residences, each with 2 bedrooms and 1 full bath; Unit A occupied for 13 years; heating system approximately 1.5 years old
