Side-by-Side
For Sale
$999,000
Pending
33-35 Atlantic Avenue, Manasquan, NJ 08736
Two ranch-style residences provide a separate living space in each unit.
Property Size1,792 SF
Days on Market36
Property Features for 33-35 Atlantic Avenue
General Information
Standard status
Pending
Size
1,792 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,689
Building Details
Building Size
1,792 SF
Year Built
1965
Construction
ranch
Listing Agency:
Chris Smith Realty
Listed By:
David Schenke · License #2561465
(732) 449-3777
Source:
Shirerealtors
Added: Oct 1
Changed: Oct 31
Last Checked: Nov 4 at 8:49AM
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 Chris Smith Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two side-by-side ranch units. Interior and exterior renovations were completed over the past 7 years, and the property was built in 1965.
The property is in Manasquan, near downtown and a short ride from local beaches. Its backyard is described as private and oversized.
The property is in Manasquan, near downtown and a short ride from local beaches. Its backyard is described as private and oversized.
Key Highlights
- Two side‑by‑side ranch units
- Interior and exterior renovations completed over the past 7 years
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,991
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,820
$599.8K
Cap Rate 7%
$428,443
$428.4K
Cap Rate 9%
$333,233
$333.2K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$45.8K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$42.8K $23.91/SF
− OpEx
−$12.9K −$7.17/SF
NOI
$30.0K $16.74/SF
Area
Monmouth 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%
$599,820
Cap Rate 7%
$428,443
Cap Rate 9%
$333,233
Alternative Uses
Best Use
Multifamily LT 5
$428.4K
$374.9K – $499.9K
NOI $29,991 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,557 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$467.9K
$409.4K – $545.9K
NOI $32,755 @ 7.0% cap · market cap 3.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 08736, NJ
12,566
Population
6,155
Households
2
Avg Household Size
49
Median Age
70%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
2,674
Density / Sq Mi
$170,042
Median Household Income
$72,924
Median Earnings
$1,838
Median Rent
$849,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style residences provide a separate living space in each unit.
Where is this duplex located?
The property is located at 33-35 Atlantic Avenue Manasquan, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two side‑by‑side ranch units; Interior and exterior renovations completed over the past 7 years; Built in 1965
