Two-Family Duplex with Full
For Sale
$785,000
115 Blaine Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size2,122 SF
Lot Size0.04 Acres
Price / SF$369.93
Days on Market168
Property Features for 115 Blaine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
On Street
Patio and Porch features
Deck
Exterior features
Deck, Lighting
Fencing
Fenced
Basement
Full, Walk-Out Access, Dirt Floor
Directions
Central Ave to Blaine
Subdivision
Seaside Heights
Standard status
Active
APN
27-00015-0000-00015
Size
2,122 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8657
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Crossroads Realty, Inc.
(732) 244-4900
Listed By:
Michele Nesbihal
(732) 244-4900
Added: Feb 12
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 22603753
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.
This renovated two-family duplex offers two separate units, each featuring two bedrooms and one full bath. The home includes a full basement that provides additional storage, and the property includes exterior features such as a deck, lighting, and fenced areas. Interior finishes include laminate flooring, and the exterior is constructed with stucco.
The property is located at 115 Blaine Avenue in Seaside Heights, NJ. Utilities services include public water and public sewer. The roof is shingle, and parking is available on-street.
Built in 1940, the property supports a flexible living arrangement where you can occupy one unit while renting the other, while also offering a straightforward layout for multi-family ownership.
The property is located at 115 Blaine Avenue in Seaside Heights, NJ. Utilities services include public water and public sewer. The roof is shingle, and parking is available on-street.
Built in 1940, the property supports a flexible living arrangement where you can occupy one unit while renting the other, while also offering a straightforward layout for multi-family ownership.
Key Highlights
- Two updated units, each with two bedrooms and one full bath
- Full basement provides storage
- Lot size 0.04 acres
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 | $54.2k | $25.56 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $50.7k | $23.91 |
| − OpEx | −$15.2k | −$7.17 |
| NOI | $35.5k | $16.74 |
2,122 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$466.2K
$407.9K – $543.9K
NOI $32,632 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$554.1K
$484.8K – $646.5K
NOI $38,787 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units with two bedrooms and one full bath each, plus a full basement for storage.
Where is this duplex located?
The property is located at 115 Blaine Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two updated units, each with two bedrooms and one full bath; Full basement provides storage; Lot size 0.04 acres
