Updated Ranch
For Sale
$270,000
46 B Auburn Street, Whiting, NJ 08759
Residential, Duplex, Whiting, NJ
Property Size1,544 SF
Lot Size0.14 Acres
Price / SF$174.87
Days on Market27
Property Features for 46 B Auburn Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Dining Room, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Laundry Room
Parking features
Driveway
Patio and Porch features
Porch
Basement
Crawl Space
Subdivision
Crestwood 5
Lot features
Back to Woods
Middle school
Manchester TWP
High school
Manchester Twnshp
Directions
Schoolhouse Rd to Pennwood Dr to Milford Ave to Auburn St
Standard status
Active
APN
19-00075-114-00004
Size
1,544 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2927
HOA Fee
$188 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
Florida room
enclosed patio
laundry room
Building Details
Year built
1978
Floors in Building
1
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Redfin Corporation
(609) 216-7035
Listed By:
Karen Flynn
(609) 216-7035
Added: Aug 3
Changed: Aug 24
Last Checked: Aug 29 at 1:06AM
MLS# 22623790
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 at 46 B Auburn Street offers 1,544 square feet of living space on a 0.14-acre lot. The layout includes two bedrooms, two full bathrooms, a Florida room, living and dining areas, a dedicated laundry room, ample storage, and an enclosed patio facing a wooded backdrop. Laminate flooring, central air, electric baseboard heat, a shingle roof, and a driveway are among the property features. The home was built in 1978 and has been renovated.
Located in Whiting, New Jersey, the property is within the Crestwood Village 5 55+ community. Public water and public sewer serve the residence. The address is near shopping, dining, medical facilities, and the Jersey Shore, as stated in the property information.
Located in Whiting, New Jersey, the property is within the Crestwood Village 5 55+ community. Public water and public sewer serve the residence. The address is near shopping, dining, medical facilities, and the Jersey Shore, as stated in the property information.
Key Highlights
- 1,544 SF ranch‑style duplex on a 0.14‑acre lot
- Two bedrooms and two full bathrooms
- Renovated interior with laminate flooring throughout
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
$23,744
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
8.79%
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%
$474,880
$474.9K
Cap Rate 7%
$339,200
$339.2K
Cap Rate 9%
$263,822
$263.8K
Market Conditions
NOI Build-Up for 1,544 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
$46.3K $30.00/SF
− Vacancy
−$3.1K −$2.04/SF
EGI
$43.2K $27.96/SF
− OpEx
−$19.4K −$12.58/SF
NOI
$23.7K $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%
$474,880
Cap Rate 7%
$339,200
Cap Rate 9%
$263,822
Alternative Uses
Best Use
Multifamily LT 5
$369.2K
$323.0K – $430.7K
NOI $25,841 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$339.2K
$296.8K – $395.7K
NOI $23,744 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,222 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
30
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath residence with an enclosed patio, dedicated laundry room, and public water and sewer service.
Where is this duplex located?
The property is located at 46 B Auburn Street Whiting, NJ.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,544 SF ranch‑style duplex on a 0.14‑acre lot; Two bedrooms and two full bathrooms; Renovated interior with laminate flooring throughout
