$219,000
●
House -
In Contract
123 Lexington Boulevard
Barnegat, NJ 08005
2 Beds
1 Bath
900 Ft²
$1,227
Est. Monthly
About This Property
Welcome to 123 Lexington Blvd, Barnegat! This beautifully renovated
2-bedroom, 1-bath home is completely move-in ready and offers an
excellent opportunity for first-time buyers, downsizers, or anyone
seeking affordable coastal living. The bright, updated interior
features modern finishes, a refreshed kitchen and bath, and
comfortable living spaces designed for everyday enjoyment.
Conveniently located near major shopping, dining, and everyday
conveniences, this home is also within the Barnegat Township School
District and just minutes from the scenic Barnegat Branch Trail.
Also enjoy a quick drive to the beaches, restaurants, and
attractions of Long Beach Island. A turnkey home in a prime
location--don't miss it!
Unit Size
900 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$243
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1979
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (MOMLS #22617354)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by NJ Elite Group LLC | $219,000 | |
| Listed by NJ Elite Group LLC | |||
   | |||
|
Welcome to 123 Lexington Blvd, Barnegat! This beautifully renovated 2-bedroom, 1-bath home is completely move-in ready and offers an excellent opportunity for first-time buyers, downsizers, or anyone seeking affordable coastal living. The bright, updated interior features modern finishes, a refreshed kitchen and bath, and comfortable living spaces designed for everyday enjoyment. Conveniently located near major shopping, dining, and everyday conveniences, this home is also within the Barnegat Township School District and just minutes from the scenic Barnegat Branch Trail. Also enjoy a quick drive to the beaches, restaurants, and attractions of Long Beach Island. A turnkey home in a prime location--don't miss it!
| |||
| Jun 9, 2026 | Listed by NJ Elite Group LLC | $219,000 | |
| Listed by NJ Elite Group LLC | |||
| Jul 7, 2020 | Sold | ||
| Sold | |||
| Jun 1, 2020 | Listed by RE/MAX at Barnegat Bay - Manahawkin | $69,900 | |
| Listed by RE/MAX at Barnegat Bay - Manahawkin | |||
| | |||
|
Great opportunity for an investor. Owner was previously getting $1200 per month in rent. Easy to show
| |||
Property Highlights
Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Full Bathrooms: 1
Rooms: 1
Basement: Crawl Space
Exterior Details
Square Footage: 900
Architectural Style: Other, Ranch
Year Built: 1979
Building Area Total: 900
Lot Features: Corner Lot
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Lot Size Dimensions: 35.98 x 130.91
Water Source: Public
Financial Details
Tax Assessed Value: $58,700
Tax Annual Amount: $1,810
Utilities Details
Cooling Type: Other
Heating Type: Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
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Listed by: Nicholas Sinopoli, NJ Elite Group LLC
Last Updated: 2 months ago
Data Source: MOMMLS, MLS# 22617354
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 months ago
Data Source: MOMMLS, MLS# 22617354
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