2-Unit Ranch
For Sale
$999,000
33-35 Atlantic Avenue, Manasquan, NJ 08736
Multi-Family, Manasquan, NJ
Property Size1,792 SF
Lot Size0.23 Acres
Price / SF$557.48
Days on Market12
Property Features for 33-35 Atlantic Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Basement
Parking
4
Parking features
Driveway
Patio and Porch features
Deck, Patio
Interior features
Attic - Pull Down Strs, Recessed Lighting
Exterior features
Deck
Fencing
Fenced
Basement
Full
Elementary school
Manasquan
Middle school
Manasquan
High school
Manasquan
Directions
GPS
Standard status
Active
APN
29-00037-0000-00005-01
Size
1,792 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8689
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Building materials
Shingle Siding, Brick, Stucco
Roof type
Shingle
Listing Agency:
Chris Smith Realty
Listed By:
David Schenke
(732) 449-3777
Added: Sep 29
Changed: Oct 7
Last Checked: Oct 10 at 2:06PM
MLS# 22630652
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 two-family property comprises side-by-side ranch units with a combined 1,792 square feet on a 0.23-acre lot. The interior and exterior were renovated over the past 7 years. Features include central air, baseboard heat, recessed lighting, pull-down attic stairs, a deck, a patio, and a fenced yard. The home was built in 1965 and has driveway parking, public water, and public sewer.
The property is near downtown Manasquan, with local beaches a short ride away.
The property is near downtown Manasquan, with local beaches a short ride away.
Key Highlights
- Two side‑by‑side ranch units
- 1,792 square feet on a 0.23‑acre lot
- Interior and exterior renovations completed over the past 7 years
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,032
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side ranch units offer a two-family residential configuration near downtown Manasquan.
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; 1,792 square feet on a 0.23‑acre lot; Interior and exterior renovations completed over the past 7 years
