Well-Maintained Residential Income
40 Bay Shore Drive Toms River, NJ 08753
New
40 Bay Shore Drive, Toms River, NJ, 08753
$799,000
For Sale
$799,000
MULTI_FAMILY - Toms River, NJ
Property Size1,704 SF
Lot Size0.14 Acres
Price / SF$468.90
Days on Market3
Property Features for 40 Bay Shore Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 4
- Parking features
- Paved or Surfaced, On Street
- 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
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
1800 Lakewood Road Ste, Toms River, NJ
Listed by
Margaret Cooper
(732) 341-2227
Added: Jul 16 Checked: Jul 18 at 12:06 pm
MLS# 22621707
Listing URL
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 well-maintained 2-story home is offered as a residential income duplex and features a functional layout with multiple bedrooms, full bathrooms, and bright living areas. The kitchen has been updated, and the property includes off-street parking. With 1,704 square feet of space on a 60x100 lot, there is also a private yard for outdoor use.
Located in the Bayshore section of Toms River, the property provides convenient access to Route 37, as well as marinas, shopping, and local beaches. It may suit year-round living, seasonal use, or an investment strategy, depending on a buyer’s goals.
The offering is positioned for flexibility as a multi-bedroom residence with practical everyday features and private outdoor space.
Located in the Bayshore section of Toms River, the property provides convenient access to Route 37, as well as marinas, shopping, and local beaches. It may suit year-round living, seasonal use, or an investment strategy, depending on a buyer’s goals.
The offering is positioned for flexibility as a multi-bedroom residence with practical everyday features and private outdoor space.
Key Highlights
- Well‑maintained 2‑story home with 4 bedrooms and 3 bathrooms
- Updated kitchen and bright living areas
- 60x100 lot with a private yard
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 3.57%
Second Best
Apartment 5plus
$374.3K
$327.6K – $436.7K
NOI $26,204 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,146 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 2-story income duplex with an updated kitchen, multiple bedrooms and full baths, plus off-street parking and a private yard.
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 $799,000.
What are key features of this property?
This property features: Well‑maintained 2‑story home with 4 bedrooms and 3 bathrooms; Updated kitchen and bright living areas; 60x100 lot with a private yard
