Ranch Duplex in 55+
45 Dogwood Road Manahawkin, NJ 08050
New
For Sale
$224,900
DUPLEX - Ranch - Manahawkin, NJ
Property Size1,126 SF
Lot Size0.03 Acres
Price / SF$199.73
Days on Market1
Property Features for 45 Dogwood Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Dining Room, Bathroom 1, Laundry Room, Bedroom 1, Laundry Room
Parking
1
Parking features
Driveway
Patio and Porch features
Patio
Pets allowed
Cats OK, Dogs OK
Interior features
Attic - Pull Down Stairs
Basement
Crawl Space
Standard status
Active
APN
31-00038-0000-00002-0000-C0008
Size
1,126 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2028
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Building materials
Brick Veneer
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
RE/MAX of Long Beach Island
(609) 494-7000
Listed By:
Patricia M Romano · License #121173
(609) 494-7000
Added: Jul 27
Last Checked: Jul 27 at 9:06PM
MLS# 22622839
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.
Located at 45 Dogwood Road in Manahawkin, NJ, this ranch-style duplex features two bedrooms and two bathrooms, with a bright, open floor plan. A welcoming sunroom/den flows into a combined living and dining area, creating a flexible layout for everyday living.
The property is part of Fawn Lakes, a 55+ community. Community amenities include a clubhouse, inground pool, billiards, bocce, shuffleboard, and a variety of social activities. Additional convenience factors mentioned include low taxes and affordable association fees. The home is also described as being conveniently located near Long Beach Island beaches and Atlantic City.
The property is part of Fawn Lakes, a 55+ community. Community amenities include a clubhouse, inground pool, billiards, bocce, shuffleboard, and a variety of social activities. Additional convenience factors mentioned include low taxes and affordable association fees. The home is also described as being conveniently located near Long Beach Island beaches and Atlantic City.
Key Highlights
- 2‑bedroom, 2‑bath ranch‑style home with a sunroom/den and combined living and dining area
- 55+ community home with clubhouse and inground pool, plus billiards, bocce, and shuffleboard
- Brick veneer construction with shingle roof and attic pull‑down stairs
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 | $28.8k | $25.56 |
| − Vacancy | −$1.9k | −$1.65 |
| EGI | $26.9k | $23.91 |
| − OpEx | −$8.1k | −$7.17 |
| NOI | $18.8k | $16.74 |
1,126 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.6K – $314.1K
NOI $18,845 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$247.4K
$216.5K – $288.6K
NOI $17,316 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$294.0K
$257.3K – $343.0K
NOI $20,581 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex home with two bedrooms, two bathrooms, and a sunroom/den opening to a combined living and dining area.
Where is this duplex located?
The property is located at 45 Dogwood Road Manahawkin, NJ.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath ranch‑style home with a sunroom/den and combined living and dining area; 55+ community home with clubhouse and inground pool, plus billiards, bocce, and shuffleboard; Brick veneer construction with shingle roof and attic pull‑down stairs
