Two-Home Multifamily
New
For Sale
$680,000
504 Manchester Avenue, Brick, NJ 08723
Multi-Family, Brick, NJ
Property Size1,300 SF
Lot Size0.28 Acres
Price / SF$523.08
Days on Market1
Property Features for 504 Manchester Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 3, Bathroom 2
Parking
4
Security features
Security System
Patio and Porch features
Deck
Interior features
Attic - Pull Down Strs
Exterior features
Deck, Swing Sets, Lighting
Fencing
Fenced
Basement
Dirt Floor
Subdivision
Cedarwood Park
Lot features
Corner Lot, Fenced Area
Directions
Mantoloking Road to Manchester Ave - See notes go to 836 Sterling Ave, for access
Standard status
Active
APN
07-00586-0000-00024
Size
1,300 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7830
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
deck
fenced yard
patio
firepit
outdoor shower
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Aluminum Siding
Roof type
Shingle
Listing Agency:
Heritage House Sotheby's International Realty
Listed By:
Carolyn Brennan
(732) 615-9898
Added: Oct 20
Last Checked: Oct 20 at 7:06PM
MLS# 22633145
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 multifamily property at 504 Manchester Avenue comprises two separate homes on a 0.28-acre lot. The main residence has 3 bedrooms and 2 full bathrooms, plus a rear deck and fenced yard. The second home includes 2 bedrooms and 1 full bathroom, along with its own driveway, patio, firepit, and outdoor shower.
Built in 1940, the property has public water and public sewer. The main residence is described as updated, with a bright, open-concept layout.
Built in 1940, the property has public water and public sewer. The main residence is described as updated, with a bright, open-concept layout.
Key Highlights
- Two separate homes on a 0.28‑acre lot
- Main residence: 3 bedrooms, 2 full bathrooms, rear deck, and fenced yard
- Second residence: 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,991
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,820
$399.8K
Cap Rate 7%
$285,586
$285.6K
Cap Rate 9%
$222,122
$222.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$39.0K $30.00/SF
− Vacancy
−$2.7K −$2.04/SF
EGI
$36.3K $27.96/SF
− OpEx
−$16.4K −$12.58/SF
NOI
$20.0K $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 Rate 5%
$399,820
Cap Rate 7%
$285,586
Cap Rate 9%
$222,122
Alternative Uses
Best Use
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,991 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 08723, NJ
31,272
Population
14,075
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$103,953
Median Household Income
$54,165
Median Earnings
$1,652
Median Rent
$374,400
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?
Multifamily property - Two separate residences on one lot provide distinct living spaces, each with its own outdoor features.
Where is this multifamily property located?
The property is located at 504 Manchester Avenue Brick, NJ.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two separate homes on a 0.28‑acre lot; Main residence: 3 bedrooms, 2 full bathrooms, rear deck, and fenced yard; Second residence: 2 bedrooms and 1 full bathroom
