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    Duplex with Rooftop Deck Title is generated by Realmo AI

    108-10 21st St, Ocean City, NJ 08226

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    For Sale
    $3,599,900

    MULTI_FAMILY - Ocean City, NJ

    Property size:
    3,500 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $1,028/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 108-10 21st St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    6
    Rooms
    Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 7, Dining Room, Bedroom 2, Bedroom 8, Bedroom 1, Bathroom 1, Bathroom 6, Laundry Room, Bedroom 9, Bathroom 5, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 10
    Patio and Porch features
    Patio, Deck
    Exterior features
    Deck, Fenced Yard, Ocean View, Outside Shower, Patio, Sidewalks, Sprinkler System
    Fencing
    Fenced
    Appliances
    Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
    Standard status
    Active
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14547

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    2006
    Number of units
    2

    We can help!

    Listing Contact
    JAMES (GRAY) HAENN

    Listing agent JAMES (GRAY) HAENN License #1536204

    Listing office BERGER REALTY-Main 3160 ASBURY AVE, Ocean City, NJ

    Listing date Jun 4, 2026

    MLS# 608567 Listing URL

    Copyright © 2026 South Jersey Shore Regional 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

    • 10‑bedroom, 6‑bathroom duplex on a 60' x 130' corner lot in Ocean City
    • Approx. 3,500 SF total (over 1,750 SF per unit); each unit has 5 bedrooms and 3 full bathrooms
    • Renovated kitchens and bathrooms; gas heat with central air, plus ceiling fans
    • Gas fireplace and 2nd‑floor cathedral ceilings; hardwood floors
    • Outdoor features include wraparound decks, rooftop deck, large fenced rear yard, paver patio with custom pergola, and outdoor shower
    • Utilities: public water and public sewer; attached garages and sprinkler system

    Overview

    This property is a 10-bedroom, 6-bathroom duplex offering two separate residences configured as 5 bedrooms and 3 full bathrooms per unit. The interiors include renovated kitchens and bathrooms, gas heat, central air, 2nd-floor cathedral ceilings, hardwood floors, and a gas fireplace. Each unit is designed with generous room sizes that can support multi-generational living, guests, or rental use.

    Set on an oversized 60' x 130' corner lot, the duplex provides substantial outdoor space. Exterior features include wraparound decks, a rooftop deck, a large fenced rear yard, a pavered patio with a custom pergola, outdoor showers, storage, and attached garages. The property is also described as being just steps from the Ocean City Bike Path.

    For buyers seeking an income-oriented residential structure, the duplex can operate as a single property or, as noted in the remarks, be available as individual units. With separate unit layouts, renovated living areas, and established outdoor amenities for year-round and seasonal enjoyment, the building offers practical flexibility for a range of owner-occupant and investor scenarios.
    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 Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.596123
    Latitude
    39.267963

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    FAQs

    What type of property is this?
    Duplex - Two fully built-out units with renovated interiors, multiple decks, and attached garages on a corner lot.
    Where is this duplex located?
    The property is located at 108-10 21st St Ocean City, NJ.
    What is the asking price?
    The asking price for this property is $3,599,900.
    What are key features of this property?
    This property features: 10‑bedroom, 6‑bathroom duplex on a 60' x 130' corner lot in Ocean City; Approx. 3,500 SF total (over 1,750 SF per unit); each unit has 5 bedrooms and 3 full bathrooms; Renovated kitchens and bathrooms; gas heat with central air, plus ceiling fans
    (215) 421-7609
    We can help!
    Listing Contact
    JAMES (GRAY) HAENN
    Real Estate License ID: 1536204
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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