Fenced-Yard
For Sale
$330,000
Pending
2042 Lamplighter Drive, Toms River, NJ 08753
Residential, Duplex, Toms River, NJ
Property Size1,034 SF
Lot Size0.11 Acres
Days on Market51
Property Features for 2042 Lamplighter Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Recessed Lighting
Fencing
Fenced
Basement
Crawl Space
Subdivision
South Winds
Lot features
Fenced Area
Elementary school
East Dover
Middle school
TR Intr East
High school
Toms River East
Directions
Coolidge to Lamplighter
Standard status
Pending
APN
08-00796-03-00062
Size
1,034 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3734
HOA Fee
$50 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
separate laundry area
fenced-in yard
crown molding
new windows
Building Details
Floors in Building
1
Flooring type
Laminate, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
(732) 797-9001
Listed By:
Allison Wright · License #1539147
(732) 797-9001
Added: Jul 13
Changed: Aug 21
Last Checked: Sep 1 at 10:06AM
MLS# 22621216
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.
Investment Insights
Based on property information with market context.
This duplex property provides 1,034 square feet of residential space on a 0.11-acre lot. The home includes two bedrooms and two bathrooms, with the primary bedroom offering an en suite bath and walk-in closet. A separate laundry area, recessed lighting, laminate and tile flooring, crown molding, and some new windows add to the interior features. Forced-air heating and central air conditioning serve the home.
Outdoor amenities include a fenced yard, patio, and driveway parking. The property is served by public water and public sewer and has a shingle roof. Its Toms River setting is close to the beach and shopping, adding convenient access to everyday destinations.
Outdoor amenities include a fenced yard, patio, and driveway parking. The property is served by public water and public sewer and has a shingle roof. Its Toms River setting is close to the beach and shopping, adding convenient access to everyday destinations.
Key Highlights
- 2‑bedroom, 2‑bath residential duplex
- 1,034 square feet on a 0.11‑acre lot
- Primary bedroom with en suite bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,100
$346.1K
Cap Rate 7%
$247,214
$247.2K
Cap Rate 9%
$192,278
$192.3K
Market Conditions
NOI Build-Up for 1,034 SF
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.
Gross rent
$26.4K $25.56/SF
− Vacancy
−$1.7K −$1.65/SF
EGI
$24.7K $23.91/SF
− OpEx
−$7.4K −$7.17/SF
NOI
$17.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,100
Cap Rate 7%
$247,214
Cap Rate 9%
$192,278
Alternative Uses
Best Use
Multifamily LT 5
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$227.2K
$198.8K – $265.0K
NOI $15,901 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$270.0K
$236.3K – $315.0K
NOI $18,900 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 08753, NJ
64,369
Population
27,900
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
2,799
Density / Sq Mi
$101,648
Median Household Income
$54,291
Median Earnings
$1,742
Median Rent
$377,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with a private outdoor area, dedicated laundry space, and convenient access to beaches and shopping.
Where is this duplex located?
The property is located at 2042 Lamplighter Drive Toms River, NJ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath residential duplex; 1,034 square feet on a 0.11‑acre lot; Primary bedroom with en suite bathroom and walk‑in closet
