Ranch Home with Deck and Hot
For Sale
$339,000
Pending
536 Iron Kettle Road, Toms River, NJ 08753
SINGLE_FAMILY - Ranch - Toms River, NJ
Property Size1,152 SF
Lot Size0.27 Acres
Days on Market55
Property Features for 536 Iron Kettle Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Dining Room, Utility Room, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Driveway
Patio and Porch features
Patio, Deck
Interior features
Attic - Pull Down Stairs
Fireplace
1
Basement
Crawl Space
Subdivision
South Winds
Lot features
Back to Woods
Elementary school
East Dover
Middle school
TR Intr East
High school
Toms River East
Directions
GPS to 536 Iron Kettle Rd, Toms River
Standard status
Pending
APN
08-01078-01-00017
Size
1,152 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4172
HOA Fee
$35 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
open-concept layout
renovated kitchen with quartz countertops
stainless steel appliances
two fully remodeled bathrooms
floor-to-ceiling stone fireplace
multi-level deck
concrete patio
koi pond
pergola-covered hot tub
detached storage shed
walk-up attic
central air
low-maintenance exterior
Building Details
Year built
1987
Floors in Building
1
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
RE/MAX Select
(732) 573-4660
Listed By:
Robert Durso · License #7813218
(732) 573-4660
Added: Jul 9
Changed: Aug 18
Last Checked: Sep 1 at 6:06PM
MLS# 22620850
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.
Ranch-style home built in 1987 offering 2 bedrooms and 2 bathrooms with an open-concept layout. The renovated kitchen includes quartz countertops and stainless steel appliances. Both bathrooms have been fully remodeled, and the living area is anchored by a dramatic floor-to-ceiling stone fireplace.
The home’s primary suite provides direct access to the deck, with outdoor space that includes a multi-level deck and a concrete patio. A pergola-covered hot tub, koi pond, and a detached storage shed add to the outdoor setup, along with a walk-up attic. Interior features include pull-down attic stairs. Comfort systems include forced-air natural gas heating and central air.
Public water and public sewer service support everyday use, and the roof is shingle. Parking is provided via a driveway.
The home’s primary suite provides direct access to the deck, with outdoor space that includes a multi-level deck and a concrete patio. A pergola-covered hot tub, koi pond, and a detached storage shed add to the outdoor setup, along with a walk-up attic. Interior features include pull-down attic stairs. Comfort systems include forced-air natural gas heating and central air.
Public water and public sewer service support everyday use, and the roof is shingle. Parking is provided via a driveway.
Key Highlights
- Ranch‑style home built in 1987
- 2 bedrooms and 2 fully remodeled bathrooms
- Renovated kitchen with quartz countertops and stainless steel appliances
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
$19,280
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
5.69%
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%
$385,600
$385.6K
Cap Rate 7%
$275,429
$275.4K
Cap Rate 9%
$214,222
$214.2K
Market Conditions
NOI Build-Up for 1,152 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
$29.4K $25.56/SF
− Vacancy
−$1.9K −$1.65/SF
EGI
$27.5K $23.91/SF
− OpEx
−$8.3K −$7.17/SF
NOI
$19.3K $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 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%
$385,600
Cap Rate 7%
$275,429
Cap Rate 9%
$214,222
Alternative Uses
Best Use
Multifamily LT 5
$275.4K
$241.0K – $321.3K
NOI $19,280 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$253.1K
$221.4K – $295.3K
NOI $17,715 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$300.8K
$263.2K – $351.0K
NOI $21,057 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
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
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 - Ranch-style 2-bedroom, 2-bath home with a multi-level deck, patio, central air, and a driveway.
Where is this duplex located?
The property is located at 536 Iron Kettle Road Toms River, NJ.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Ranch‑style home built in 1987; 2 bedrooms and 2 fully remodeled bathrooms; Renovated kitchen with quartz countertops and stainless steel appliances
