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    Ranch Duplex with Lake View Title is generated by Realmo AI

    678 New Castle Court, Lakewood, NJ 08701

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    For Sale
    $220,000

    DUPLEX - Ranch - Lakewood, NJ

    Type:Duplex
    Property size:
    982 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $224/SF
    Added:
    Nov 28, 2025
    Days on Market:
    199
    Last Refresh:
    Jun 15 at 11:06 am

    Property Features for 678 New Castle Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Patio and Porch features
    Porch
    Exterior features
    Underground Sprinkler System, Swimming
    Standard status
    Active
    APN
    15-01248-0000-00678-02
    Size
    982 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1857

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating), Zoned
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Laminate, Wood
    Building materials
    Aluminum Siding, Brick
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Emily H Smith

    Listing agent Emily H Smith License #7934898

    Listing office Crossroads Realty Sapphire Group 1520 Madison Ave., Lakewood, NJ

    Listing date Nov 28, 2025

    MLS# 22535520 Listing URL

    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.

    HighLights

    • Ranch duplex built in 1970
    • Lake Waddill view from the rear yard
    • Central air plus zoned electric/baseboard heat
    • Upgraded windows, appliances, bath, and doors
    • Laminate and wood flooring
    • Public water and public sewer; shingle roof; aluminum siding and brick exterior

    Overview

    This ranch duplex offers a comfortable two-unit setup with a long driveway and practical exterior layout. The home includes upgraded windows and a recently updated garage door, along with laminate “wood look” flooring throughout. Additional improvements are noted for the interior and functional surfaces, including upgraded appliances, bath, and doors, providing a turnkey feel for buyers who want less immediate work.

    Located in Lakewood, New Jersey (Ocean County), the property is described as being in a great area with a view of Lake Waddill from the rear yard. It’s also positioned close to the front gate, which can make daily entry and travel more convenient for occupants.

    As a residential income property, this duplex can appeal to investors looking for a ranch-style format with documented upgrades across key living areas and common components. Owner-occupants may also find it attractive for an easy-to-manage living arrangement, with the added benefit of enjoying amenities offered by Leisure Village, as referenced in the remarks.

    Local 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 $25.1k $25.56
    − Vacancy −$1.6k −$1.65
    EGI $23.5k $23.91
    − OpEx −$7.0k −$7.17
    NOI $16.4k $16.74
    982 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $234.8K
    $205.4K – $273.9K (±1% cap)
    NOI $16,435 @ 7.0% cap · market cap 7.47%
    Second Best
    Apartment 5plus
    $215.7K
    $188.8K – $251.7K (±1% cap)
    NOI $15,101 @ 7.0% cap · market cap 6.86%
    Theoretical Best
    Office A
    $256.4K
    $224.4K – $299.2K (±1% cap)
    NOI $17,949 @ 7.0% cap · market cap 8.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.182713
    Latitude
    40.050669

    FAQs

    What type of property is this?
    Duplex - Ranch duplex featuring upgraded finishes, a long driveway, and a rear-yard view of Lake Waddill.
    Where is this duplex located?
    The property is located at 678 New Castle Court Lakewood, NJ.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Ranch duplex built in 1970; Lake Waddill view from the rear yard; Central air plus zoned electric/baseboard heat
    More about this property
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