Ranch Duplex
For Sale
$202,000
4-B Ivy Street, Whiting, NJ 08759
Residential, Duplex, Whiting, NJ
Property Size1,113 SF
Lot Size0.12 Acres
Price / SF$181.49
Days on Market49
Property Features for 4-B Ivy Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Planned Residential
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Dining Room, Bedroom 2
Parking features
Driveway
Pets allowed
Cats OK, Dogs OK
Interior features
Attic - Pull Down Stairs, Eat-in Kitchen
Exterior features
Underground Sprinkler System, Lighting
Basement
Crawl Space
Subdivision
Crestwood 5
Lot features
Corner Lot
Middle school
Manchester TWP
High school
Manchester Twnshp
Directions
Schoolhouse Rd. (R) on Pennwood (L) Sunset (L) on Ivy Street. Home on connor of Ivy and Pembrook.
Standard status
Active
APN
19-00075-104-00006
Size
1,113 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2308
HOA Fee
$173 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
laundry room
Sunroom
Building Details
Year built
1977
Floors in Building
1
Flooring type
Carpet, Linoleum, Tile - Ceramic
Building materials
Aluminum Siding, Brick Veneer
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Heart of Gold Realty
(609) 339-2652
Listed By:
Kenneth R Freeman
(732) 458-1077
Added: Jul 16
Changed: Aug 30
Last Checked: Sep 2 at 6:06AM
MLS# 22621772
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 ranch-style duplex property at 4-B Ivy Street offers 1,113 square feet of living space on a 0.12-acre lot. The home includes two bedrooms, one full bathroom, a dressing room, laundry room, eat-in kitchen, dining room, and a generously sized living room. Kitchen appliances include a stove and refrigerator, while the laundry room includes a washer and dryer. A front sunroom and attached garage add functional space.
Built in 1977, the residence has newer windows and a newer garage door. Additional features include central air conditioning, electric baseboard heat, public water, public sewer, an underground sprinkler system, exterior lighting, driveway parking, pull-down attic stairs, and a shingle roof. The property is located in Crestwood Village 5, a 55+ community in Whiting, New Jersey.
Built in 1977, the residence has newer windows and a newer garage door. Additional features include central air conditioning, electric baseboard heat, public water, public sewer, an underground sprinkler system, exterior lighting, driveway parking, pull-down attic stairs, and a shingle roof. The property is located in Crestwood Village 5, a 55+ community in Whiting, New Jersey.
Key Highlights
- Two‑bedroom, one‑bath ranch‑style duplex property
- 1,113 square feet on a 0.12‑acre lot
- Located in Crestwood Village 5, a 55+ community
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
$17,116
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
8.47%
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%
$342,320
$342.3K
Cap Rate 7%
$244,514
$244.5K
Cap Rate 9%
$190,178
$190.2K
Market Conditions
NOI Build-Up for 1,113 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
$33.4K $30.00/SF
− Vacancy
−$2.3K −$2.04/SF
EGI
$31.1K $27.96/SF
− OpEx
−$14.0K −$12.58/SF
NOI
$17.1K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$342,320
Cap Rate 7%
$244,514
Cap Rate 9%
$190,178
Alternative Uses
Best Use
Multifamily LT 5
$266.1K
$232.8K – $310.5K
NOI $18,627 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$244.5K
$214.0K – $285.3K
NOI $17,116 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 08759, NJ
34,547
Population
22,101
Households
1.6
Avg Household Size
69
Median Age
23%
College-Educated
93%
High-School Grad
61.3 sq mi
ZIP Area
564
Density / Sq Mi
$55,000
Median Household Income
$41,089
Median Earnings
$1,324
Median Rent
$176,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence in Crestwood Village 5, a 55+ community, with an attached garage and front sunroom.
Where is this duplex located?
The property is located at 4-B Ivy Street Whiting, NJ.
What is the asking price?
The asking price for this property is $202,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath ranch‑style duplex property; 1,113 square feet on a 0.12‑acre lot; Located in Crestwood Village 5, a 55+ community
