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178 Walnut Street
About This Property
Rare opportunity to own a vacant parcel in a desirable Toms River location. This property offers the perfect setting whether you're a builder, investor, or end-user looking to create a custom residence. Conveniently located near shopping, dining, major roadways, and the Jersey Shore.
Public utilities may be available in the area (buyer to verify). Property is being sold as-is. Buyer responsible for all due diligence, including zoning, approvals, permits, utilities, and any township or environmental requirements.
Don't miss your chance to secure land in a growing area with strong upside potential!
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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 |
|---|---|---|---|
| Jul 2, 2026 | Relisted | $165,000 | |
| Relisted | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Real Broker, LLC- Toms River | $165,000 | |
| Listed by Real Broker, LLC- Toms River | |||
| Apr 15, 2021 | No longer available | - | |
| No longer available | |||
| Nov 7, 2020 | Relisted | $174,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017