Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 Blaine Ave Seaside Heights, NJ 08751

    View on Map
    Sponsored
    For Sale
    $1,295,000

    MULTI_FAMILY - Seaside Heights, NJ

    Property size:
    1,440 SF
    Lot size:
    0.09 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 12 at 3:06 am

    Property Features for 111 Blaine Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    111111111
    Parking
    8
    Parking features
    Off Street
    Exterior features
    Screens, Lighting
    Basement
    Crawl Space
    Size
    1,440 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile - Ceramic, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michael Loundy
    Michael Loundy

    Seaside Heights Realty Inc. (732) 793-5200

    Listing agent Michael Loundy (732) 793-5200

    Listing date Mar 8, 2026

    MLS# 22605864

    Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two-Family Near Seaside Beach

    This two-family property is located one block from the beach. The property includes a large, private backyard suitable for entertaining or for constructing a 3-4 car garage. There is potential to build two single-family homes or three condos on the lot. The property could generate over $100,000.00 per year in rental income. The property is near the beach, boardwalk, rides, amusements, shopping, and restaurants. It is located one hour from New York City, Atlantic City, and Philadelphia, off Parkway Exit 82. The lot size is 0.09 acres and the property size is 1440 square feet. The property is vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Restaurant Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seaside Heights
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.074173
    Latitude
    39.941808

    Nearby Similar for Sale

    • $2,499,900
      6,000 SF

      Corner Boardwalk Tap House

      Renovated tap house with liquor license near Casino Pier.
      919 Ocean Ter, Seaside Heights, NJ 08751
      View Details
    • $1,500,000
      7,740 SF

      Seaside Heights Boardwalk Commercial Building

      Commercial building on Seaside Heights Boardwalk with high foot traffic.
      1003 Ocean Ter, Seaside Heights, NJ 08751
      View Details
    • $835,000
      2,122 SF

      Renovated Two-Family Home Near Beach

      Two-family home near beach, boardwalk, and amusements.
      115 Blaine Ave, Seaside Heights, NJ 08751
      View Details
    • New
      $60,000
      270 SF

      Boardwalk Business Opportunity in Seaside

      Established boardwalk business for sale with equipment and inventory.
      3B Ocean Ter, Seaside Heights, NJ 08751
      View Details
    • $1,899,900
      9,300 SF

      Ocean Block Motel with Pool

      21-unit motel with pool near boardwalk and beach.
      1402 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $2,250,000
      6,094 SF

      Seaside Heights Motel Near Beach

      20-room motel steps from the beach with expansion potential.
      65-69 Hiering Ave, Seaside Heights, NJ 08751
      View Details
    • New
      $599,900
      Pending

      Seaside Heights Multi-Family Opportunity

      Three-family property near the beach, potential for short-term rentals.
      222 Lincoln Ave, Seaside Heights, NJ 08751
      View Details
    • $849,000
      2,310 SF

      Seaside Heights Income Producing Property

      Four-unit property near beach, boardwalk, and amenities.
      610 Barnegat Ave, Seaside Heights, NJ 08751
      View Details
    • $899,900
      2,400 SF

      Ocean Block Two-Family Property

      Clean two-family near beach, strong rental potential, private backyard.
      53 Carteret Ave, Seaside Heights, NJ 08751
      View Details
    • $3,000,000
      6,930 SF

      Luxury Motel Near Jersey Shore

      Renovated luxury motel steps from the beach and boardwalk.
      61 Sumner Ave, Seaside Heights, NJ 08751
      View Details
    • $3,599,000

      Seaside Heights Development Opportunity

      Approved townhomes, existing hotel near beach, redevelopment area.
      1201 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $849,900
      1,823 SF

      Seaside Heights Multifamily Investment Property

      Two-unit property near the ocean, ideal for summer rentals.
      111 Lincoln Ave, Seaside Heights, NJ 08751
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property one block from the beach with development potential.
    Where is this duplex located?
    The property is located at 111 Blaine Ave Seaside Heights, NJ.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - One block to the beach; - Huge private backyard; - Buildable lot with potential for multiple units (2 single families or 3 condos)
    (732) 793-5200
    Request Owner's contact information
    111 Blaine Ave Seaside Heights, NJ 08751
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Blaine Ave
    Seaside Heights, NJ 08751
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    111 Blaine Ave Seaside Heights, NJ 08751
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Loundy
    Michael Loundy
    Real Estate License ID: 8435976
    (732) 793-5200 (732) 330-6651
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!