Two-Unit Residential Income
40 Bay Shore Drive Unit A & B Toms River, NJ 08753
40 Bay Shore Drive Unit A & B, Toms River, NJ, 08753
$849,900
For Sale
$849,900
Well-maintained two-story duplex with updated kitchen, bright living areas, and off-street parking.
Property Size1,704 SF
Lot Size0.14 Acres
Price / SF$498.77
Days on Market156
Property Features for 40 Bay Shore Drive Unit A & B
General Information
- Standard status
- Active
- Size
- 1,704 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1955
Listing agency
Real Broker, LLC- Toms River
(732) 341-2227
Listed by
Margaret Cooper · License #1750809
(732) 341-2227
Source
Compass
Added: Feb 16 Updated: Jul 21 at 1:23AM Checked: Jul 22 at 8:43AM
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 Real Broker, LLC- Toms River
Investment Insights
Based on property information with market context.
Well-maintained two-story residential income property presented as Unit A & B. The layout includes multiple bedrooms and full bathrooms, with bright living areas and an updated kitchen. The property also offers off-street parking and sits on a private yard.
The home is located in the Bayshore section of Toms River on a 60x100 lot, with convenient access to Route 37, marinas, shopping, and local beaches.
This configuration supports flexible occupancy options for year-round living, seasonal use, or investment. Both units benefit from the functional interior layout, updated kitchen, and outdoor space.
The home is located in the Bayshore section of Toms River on a 60x100 lot, with convenient access to Route 37, marinas, shopping, and local beaches.
This configuration supports flexible occupancy options for year-round living, seasonal use, or investment. Both units benefit from the functional interior layout, updated kitchen, and outdoor space.
Key Highlights
- 2‑story home built in 1955 with 4 bedrooms and 3 full bathrooms
- Updated kitchen and bright living areas with vinyl flooring
- Vinyl siding and shingle roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $25.56 |
| − Vacancy | −$2.8k | −$1.65 |
| EGI | $40.7k | $23.91 |
| − OpEx | −$12.2k | −$7.17 |
| NOI | $28.5k | $16.74 |
1,704 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$374.3K
$327.6K – $436.7K
NOI $26,204 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,146 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-story duplex with updated kitchen, bright living areas, and off-street parking.
Where is this duplex located?
The property is located at 40 Bay Shore Drive Unit A & B Toms River, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2‑story home built in 1955 with 4 bedrooms and 3 full bathrooms; Updated kitchen and bright living areas with vinyl flooring; Vinyl siding and shingle roof
