Two-Unit Residential
New
For Sale
$499,000
52 Chadwick Avenue, Toms River, NJ 08753
Multi-Family, Toms River, NJ
Property Size1,080 SF
Lot Size0.21 Acres
Price / SF$462.04
Days on Market3
Property Features for 52 Chadwick Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Single Family, Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2
Subdivision
Gilford Park
Directions
GPS
Standard status
Active
APN
08-00827-0000-00017
Size
1,080 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7118
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1936
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
Listed By:
Yehuda Neustadt
(732) 797-9001
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 4 at 4:06PM
MLS# 22634554
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 1,080-square-foot residential property contains a main home and a second, smaller unit. The layout includes three bedrooms, two bathrooms, and a basement. Built in 1936, the property has forced-air heating, central air conditioning, and a shingle roof.
The 0.21-acre parcel is served by public water and public sewer. The secondary unit provides a distinct rental component alongside the main residence.
The 0.21-acre parcel is served by public water and public sewer. The secondary unit provides a distinct rental component alongside the main residence.
Key Highlights
- Two dwelling units, including a smaller secondary unit
- 1,080 square feet on a 0.21‑acre parcel
- Three bedrooms, two bathrooms, and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,075
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,500
$361.5K
Cap Rate 7%
$258,214
$258.2K
Cap Rate 9%
$200,833
$200.8K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$27.6K $25.56/SF
− Vacancy
−$1.8K −$1.65/SF
EGI
$25.8K $23.91/SF
− OpEx
−$7.7K −$7.17/SF
NOI
$18.1K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,500
Cap Rate 7%
$258,214
Cap Rate 9%
$200,833
Alternative Uses
Best Use
Multifamily LT 5
$258.2K
$225.9K – $301.3K
NOI $18,075 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$237.3K
$207.6K – $276.8K
NOI $16,608 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 3.96%
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
432
Businesses Nearby
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Business Placement
Demographics for 08753, NJ
64,369
Population
27,900
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
2,799
Density / Sq Mi
$101,648
Median Household Income
$54,291
Median Earnings
$1,742
Median Rent
$377,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate dwelling unit offers a rental component alongside the primary home.
Where is this duplex located?
The property is located at 52 Chadwick Avenue Toms River, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two dwelling units, including a smaller secondary unit; 1,080 square feet on a 0.21‑acre parcel; Three bedrooms, two bathrooms, and a basement
