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    15 7Th Ave Seaside Heights, NJ 08751

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    Sponsored
    For Sale
    $1,975,000

    MULTI_FAMILY - Seaside Heights, NJ

    Property size:
    2,553 SF
    Lot size:
    0.11 Acres
    Days on Market:
    36
    Last Refresh:
    Mar 9 at 11:06 pm

    Property Features for 15 7Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows
    Rooms
    Bathroom 1, Bathroom 5, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 4
    Bedrooms
    7
    Bathrooms
    4
    APN
    08-01031-0000-00008
    Parking
    8
    Parking features
    Paved or Surfaced
    Patio and Porch features
    Deck, Patio
    Exterior features
    Outdoor Grill, Deck, Thermal Window, Insulated Doors, Locked Storage
    Basement
    Crawl Space
    Size
    2,553 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Multi Units, Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Stone
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Joseph Scotto

    Century 21 Cedarcrest Realty (973) 228-1050

    Listing agent Joseph Scotto (973) 228-1050

    Listing date Feb 1, 2026

    MLS# 22533763

    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

    Beach Block Two-Family Home

    This two-family home is located on a beach block, half a block from the ocean, within walking distance to local restaurants and shops. Currently used as a seasonal income-producing property, it can also serve as a primary residence. Each floor features 3 bedrooms and 2 baths (1.5 on each floor), granite countertops, wood-plank tile floors, and finished oak hardwood floors, along with washer/dryer units. The home is fully furnished and includes two large locking storage sheds and an outdoor shower. Two new central AC units are installed. Each floor has polywood patio sets with seating for 8 people, retractable/tilting umbrellas, and 2 outdoor propane grills. The upstairs residence includes a sliding glass door leading to a large composite deck, while the downstairs residence has a paver patio. Off-street parking is available for 8 cars, with driveways on each side of the house accommodating 4 cars each. The property has a lot size of 0.11 acres and a property size of 2553 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Skin Care Clinic

    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
    -74.070424
    Latitude
    39.954382

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    FAQs

    What type of property is this?
    Duplex - Rare income-producing two-family home, half block from the ocean.
    Where is this duplex located?
    The property is located at 15 7Th Ave Seaside Heights, NJ.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: - Prime beach block location, just half a block from the ocean and a short walk to restaurants and shops.; - Two-family home offering potential for seasonal income or use as a primary residence.; - Each floor features 3 bedrooms and 2 baths (1.5 each floor) with granite countertops, wood-plank tile floors, and real finished oak hardwood floors, plus washer/dryer units.
    (201) 575-1456
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    15 7Th Ave Seaside Heights, NJ 08751
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    Seaside Heights, NJ 08751
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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.

    More about this property
    15 7Th Ave Seaside Heights, NJ 08751
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    We can help!
    Listing Contact
    Joseph Scotto
    (201) 575-1456 (973) 228-1050
    Learn more
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