Three-Unit Residential
New
For Sale
$620,000
1712 Binnacle Road, Forked River, NJ 08731
Multi-Family, Forked River, NJ
Property Size2,216 SF
Lot Size0.15 Acres
Price / SF$279.78
Days on Market3
Property Features for 1712 Binnacle Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3
Parking
5
Parking features
Off Street
Fencing
Fenced
View
Water
High school
Lacey Township
Directions
Beach Blvd to R on Tamiami to Inlet to Binnacle
Subdivision
Forked Rvr Bch
Standard status
Active
APN
13-00209-0000-00013
Size
2,216 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6531
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units
Water source
Public
Water front
1
Amenities
common areas
Building Details
Year built
1960
Floors in Building
2
Number of units
3
Listing Agency:
RE/MAX at Barnegat Bay
Listed By:
Camille A Simms
(732) 473-1700
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# 22633270
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 2,216-square-foot triplex contains three residences: a main unit with 3 bedrooms and 2 full baths, plus two apartments with 2 bedrooms and 1 full bath each. The main unit also has an eat-in kitchen, dining area, and living space. Renovated kitchens and bathrooms serve the property, and two shared gathering areas sit between the units.
Built in 1960, the property occupies a 0.15-acre lot. Additional features include off-street parking, a fenced yard, baseboard heat, and cooling provided by multiple units. Public water and sewer serve the property.
Built in 1960, the property occupies a 0.15-acre lot. Additional features include off-street parking, a fenced yard, baseboard heat, and cooling provided by multiple units. Public water and sewer serve the property.
Key Highlights
- Three residences with bedroom counts of 3, 2, and 2
- 2,216 square feet on a 0.15‑acre lot
- Renovated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,087
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,740
$741.7K
Cap Rate 7%
$529,814
$529.8K
Cap Rate 9%
$412,078
$412.1K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$56.6K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.0K $23.91/SF
− OpEx
−$15.9K −$7.17/SF
NOI
$37.1K $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%
$741,740
Cap Rate 7%
$529,814
Cap Rate 9%
$412,078
Alternative Uses
Best Use
Multifamily LT 5
$529.8K
$463.6K – $618.1K
NOI $37,087 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$578.6K
$506.3K – $675.1K
NOI $40,505 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
Demographics for 08731, NJ
20,953
Population
9,663
Households
2.2
Avg Household Size
45
Median Age
32%
College-Educated
94%
High-School Grad
78.1 sq mi
ZIP Area
268
Density / Sq Mi
$93,267
Median Household Income
$45,345
Median Earnings
$2,080
Median Rent
$360,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a three-bedroom main unit and two additional two-bedroom apartments.
Where is this triplex located?
The property is located at 1712 Binnacle Road Forked River, NJ.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Three residences with bedroom counts of 3, 2, and 2; 2,216 square feet on a 0.15‑acre lot; Renovated kitchens and bathrooms
