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    Brick Duplex With In-Unit Laundry Title is generated by Realmo AI

    3227 Route 35 North, Lavallette, NJ 08735

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    For Sale
    $1,100,000

    Two mirrored units offer open layouts, two bedrooms each, and stackable washer and dryer hookups.

    Type:Multi-Family / Duplex
    Property size:
    1,280 SF
    Price / SF:
    $859/SF
    Added:
    May 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 2:47 am

    Property Features for 3227 Route 35 North

    General Information

    Standard status
    Active
    Size
    1,280 SF
    Property subtype
    Multi-Family / Duplex

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Marjorie Brown

    Listing agent Marjorie Brown

    Listing office Keller Williams Towne Square Realty

    Listing date May 29, 2026

    Source Compass

    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 Keller Williams Towne Square Realty

    HighLights

    • Brick 1‑level duplex built in 1962 with two mirrored units, each offering an open floor plan
    • 4 total bedrooms: 2 bedrooms per unit, plus 2 full baths total (1 full bath per unit)
    • Each unit includes a kitchen, open living/dining area, and a stackable washer and dryer setup
    • Ceramic tile and vinyl flooring throughout, with attic space and first‑floor bedroom
    • Exterior features include shingle roof, patio, fence, awnings, shed, lighting, screens, and storm door(s)
    • Separate unit layouts: left and right sides each have rear bedrooms and a covered backyard living space

    Overview

    This brick duplex in Seacrest Beach features two mirror-image homes, each offering an open floor plan with two bedrooms and one full bath. Both sides include a kitchen with ample cabinetry, an eat-in area, and an open living room. Laundry is conveniently handled with stackable washer and dryer, and each unit also has a covered backyard living space.

    Set within a private Jersey Shore beach community along the northern barrier island section of Toms River Township, the property is described as being close to Lavallette with easy access to Seaside and Point Pleasant, as well as nearby beaches, restaurants, and boardwalk and shore attractions.

    As a residential income property, the duplex configuration provides two separate, self-contained layouts while keeping the overall footprint consistent between units. This makes it a practical fit for buyers looking for a two-unit coastal home with in-unit laundry and outdoor covered living space on each side.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lavallette
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.065384
    Latitude
    39.9877

    Nearby Similar for Sale

    • $1,100,000
      1,280 SF

      Lavallette Duplex Near Beach

      Duplex in private beach community, ideal for rental/investment.
      3227 N Route 35 N, Lavallette, NJ 08735
      View Details
    • $1,125,000
      4,342 SF

      Commercial Building on Route 35

      Commercial building on busy road with multiple parking spaces.
      3561 Route 35 Road, Lavallette, NJ 08735
      View Details
    • $1,125,000
      4,342 SF

      Commercial Building on Busy Road

      Commercial building on Route 35N, short distance from Lavallette.
      3561 Route 35 Road, Lavallette, NJ 08735
      View Details

    FAQs

    What type of property is this?
    Duplex - Two mirrored units offer open layouts, two bedrooms each, and stackable washer and dryer hookups.
    Where is this duplex located?
    The property is located at 3227 Route 35 North Lavallette, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Brick 1‑level duplex built in 1962 with two mirrored units, each offering an open floor plan; 4 total bedrooms: 2 bedrooms per unit, plus 2 full baths total (1 full bath per unit); Each unit includes a kitchen, open living/dining area, and a stackable washer and dryer setup
    (908) 766-0085
    We can help!
    Listing Contact
    Marjorie Brown
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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