1
Map
$250,000
●
House -
Off Market
309 Neptune Drive
Manahawkin, NJ 08050
3 Beds
1 Bath
960 Ft²
$1,279
Est. Monthly
15.02%
Cap Rate
About This Property
Calling all investors! 3 Bed 1 bath ranch home in Ocean Acres. Sits
on a nice large lot. This is a cash only sale. Property needs a
complete renovation.
Unit Size
960 Ft²
Days on Market
70 days
Land Size
0.21 acres
Price per sqft
$208
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1977
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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 #22428932)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Oct 28, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by RE/MAX Revolution | $415,000 | |
| Listed by RE/MAX Revolution | |||
| | |||
|
Noteworthy On Neptune!!! A beautifully reimagined 3 Bed 1 Bath ranch in the sought-after Ocean Acres section of Manahawkin. Set on an oversized 75x120 lot, this turn-key home blends modern style with comfort and functionality. Step inside to discover a stunning open-concept layout featuring all-new luxury flooring, a custom electric fireplace with shiplap accent, and stylish touches throughout. The heart of the home is the chef-inspired kitchen, boasting blue shaker base cabinets, sleek white uppers, gold hardware, quartz countertops, a full stainless steel appliance package, and designer tile backsplash that pops. The fully renovated bathroom showcases contemporary finishes and a crisp, clean design. This home also offers major mechanical upgrades including a new electrical panel, central AC, and furnace - ensuring peace of mind for years to come.
Book your private tour today!!!
| |||
| Jul 28, 2025 | Price Decreased |
$424,900
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jun 24, 2025 | Listed | $435,000 | |
| Listed | |||
| | |||
|
Out Of This World Renovation on Neptune Drive!!!
Welcome to 309 Neptune Dr -
A beautifully reimagined 3 Bed 1 Bath ranch in the sought-after Ocean Acres section of Manahawkin. Set on an oversized 75x120 lot, this turn-key home blends modern style with comfort and functionality.
Step inside to discover a stunning open-concept layout featuring all-new luxury flooring, a custom electric fireplace with shiplap accent, and stylish touches throughout. The heart of the home is the chef-inspired kitchen, boasting blue shaker base cabinets, sleek white uppers, gold hardware, quartz countertops, a full stainless steel appliance package, and designer tile backsplash that pops.
The fully renovated bathroom showcases contemporary finishes and a crisp, clean design. This home also offers major mechanical upgrades including a new electrical panel, central AC, and furnace - ensuring peace of mind for years to come.
Book your private tour today!!!
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean Acres
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Listed by: Deidre Kreuz, C21/Action Plus Realty
Last Updated: 2 months ago
Data Source: MOMMLS, MLS# 22428932
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# 22428932
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017