Two-Unit Income Duplex Near
111 Lincoln Avenue Seaside Heights, NJ 08751
111 Lincoln Avenue, Seaside Heights, NJ, 08751
$849,900
For Sale
$849,900
MULTI_FAMILY - Seaside Heights, NJ
Property Size1,823 SF
Price / SF$466.21
Days on Market594
Property Features for 111 Lincoln Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Standard status
- Active
- APN
- 11111111111
- Size
- 1,823 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 5325
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing Agency
Seaside Heights Realty Inc.
(732) 793-5200
1220 Boulevard, Seaside Heights, NJ
Listed by
Michael Loundy · License #8435976
(732) 793-5200
Added: Dec 1, 2024 Checked: Jul 18 at 2:06 pm
MLS# 22434110
Listing URL
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.
Investment Insights
Based on property information with market context.
Located at 111 Lincoln Avenue in Seaside Heights, this two-apartment duplex offers income-producing residential space in a walk-everywhere setting. The property is positioned about one block from the ocean, placing the beach within easy reach.
In the heart of Seaside Heights, residents can walk to restaurants, rides, amusements, the boardwalk, shopping, and the beach. The listing also notes accessibility to major travel routes, with New York City, Philadelphia, and the AC and Philly off Parkway exit referenced as nearby for regional access.
With two separate apartments in place, the property provides a straightforward two-unit configuration for buyers seeking a residential income asset in Seaside Heights.
In the heart of Seaside Heights, residents can walk to restaurants, rides, amusements, the boardwalk, shopping, and the beach. The listing also notes accessibility to major travel routes, with New York City, Philadelphia, and the AC and Philly off Parkway exit referenced as nearby for regional access.
With two separate apartments in place, the property provides a straightforward two-unit configuration for buyers seeking a residential income asset in Seaside Heights.
Key Highlights
- 1 block from the ocean in the heart of Seaside Heights—walk to restaurants, rides, amusements, boardwalk, shopping, and beach
- Two apartments with reported potential to generate $4,000/week during summer months
- 6‑bedroom, 4‑bathroom layout with basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $25.56 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.6k | $23.91 |
| − OpEx | −$13.1k | −$7.17 |
| NOI | $30.5k | $16.74 |
1,823 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$400.5K
$350.4K – $467.2K
NOI $28,034 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$476.0K
$416.5K – $555.4K
NOI $33,322 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-apartment duplex located about one block from the ocean in Seaside Heights.
Where is this duplex located?
The property is located at 111 Lincoln Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 1 block from the ocean in the heart of Seaside Heights—walk to restaurants, rides, amusements, boardwalk, shopping, and beach; Two apartments with reported potential to generate $4,000/week during summer months; 6‑bedroom, 4‑bathroom layout with basement
