16 Cherry Street
About This Property
Upstairs, you'll find all 4 bedrooms featuring brand-new laminate flooring throughout the second level. The impressive primary suite offers high ceilings, generous closet space, and a fully updated private bathroom complete with a beautifully tiled shower stall and newer vanity. Down the hall are three additional spacious bedrooms, each offering excellent size and versatility, along with a shared full bathroom featuring a tub shower.
The partially finished basement adds tremendous additional living potential with three separate rooms that can be used to create additional bedrooms, a home office, recreation space, gym, or entertainment area. The unfinished portion provides plenty of room for storage.
Step outside into your own private backyard oasis! The fully fenced yard features a large wood deck overlooking the gorgeous inground pool, creating the ultimate setting for summer gatherings and relaxation. A backyard patio and storage shed add even more outdoor convenience. The property also includes a one-car garage plus additional parking space along the side of the home for multiple vehicles.
Located directly across from the Beachwood Soccer Complex and within walking distance to Toms River Intermediate School South, nearby playgrounds, and local amenities. Just minutes from the Jersey Shore, beaches, dining, shopping, and entertainment--this home delivers the lifestyle you have been waiting for!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Price Decreased |
$560,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Jun 2, 2026 | Listed by RE/MAX Central | $575,000 | |
| Listed by RE/MAX Central | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017