Two-Story Duplex with Private
For Sale
$700,000
40 Bay Shore Drive, Toms River, NJ 08753
Multi-Family, Toms River, NJ
Property Size1,704 SF
Lot Size0.14 Acres
Price / SF$410.80
Days on Market94
Property Features for 40 Bay Shore Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Basement, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Paved or Surfaced, On Street
Subdivision
Bayshore
Lot features
Bayside
View
Water
Elementary school
East Dover
Middle school
TR Intr East
High school
Toms River East
Directions
rt 37
Standard status
Active
APN
08-00794-45-00010
Size
1,704 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9889
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Well
Water front
1
Amenities
off-street parking
private yard
Building Details
Year built
1955
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Real Broker, LLC- Toms River
(732) 341-2227
Listed By:
Margaret Cooper · License #1750809
(732) 864-6596
Added: Jul 16
Changed: Oct 2
Last Checked: Oct 17 at 3:06PM
MLS# 22621707
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,704 square feet with four bedrooms, three bathrooms, bright living areas, and a basement. Interior features include an updated kitchen and vinyl flooring, while central air serves the home. The property was built in 1955 and includes a shingle roof.
Set on a 0.14-acre 60x100 lot, the property offers a private yard, paved or surfaced parking, and on-street parking. It is served by well water and public sewer, with access to Route 37, marinas, shopping, and local beaches.
Set on a 0.14-acre 60x100 lot, the property offers a private yard, paved or surfaced parking, and on-street parking. It is served by well water and public sewer, with access to Route 37, marinas, shopping, and local beaches.
Key Highlights
- Two‑story duplex with 1,704 square feet
- Four bedrooms and three bathrooms
- 0.14‑acre 60x100 lot with private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,518
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,360
$570.4K
Cap Rate 7%
$407,400
$407.4K
Cap Rate 9%
$316,867
$316.9K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$43.6K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.7K $23.91/SF
− OpEx
−$12.2K −$7.17/SF
NOI
$28.5K $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 Rate 5%
$570,360
Cap Rate 7%
$407,400
Cap Rate 9%
$316,867
Alternative Uses
Best Use
Multifamily LT 5
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$374.3K
$327.6K – $436.7K
NOI $26,204 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,146 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchen, basement, central air, and off-street parking support flexible residential use.
Where is this duplex located?
The property is located at 40 Bay Shore Drive Toms River, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑story duplex with 1,704 square feet; Four bedrooms and three bathrooms; 0.14‑acre 60x100 lot with private yard
