Duplex with Elevator and
For Sale
$989,000
268 Fremont Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size2,332 SF
Lot Size0.14 Acres
Price / SF$424.10
Days on Market95
Property Features for 268 Fremont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 4
Parking
6
Parking features
Off Street
Patio and Porch features
Deck, Patio
Interior features
Attic - Pull Down Strs
Exterior features
Deck, Locked Storage
Fencing
Fenced
Fireplace
1
Directions
Follow GPS Directions
Subdivision
Seaside Heights
Standard status
Active
APN
27-00050-0000-00034
Size
2,332 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14301
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
gas fireplace
climate-controlled shed
entertaining space
Building Details
Year built
1948
Number of units
2
Flooring type
Laminate
Building materials
Shingle Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX Select
(201) 325-0033
Listed By:
Sophia Vazac · License #234619
(201) 325-0033
Added: May 15
Changed: Aug 16
Last Checked: Aug 17 at 10:06AM
MLS# 22614550
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 duplex features two distinct, renovated homes on an oversized 60' x 100' lot with abundant off-street parking. The front cottage offers 1 bedroom and 1 bath with an open layout, gas fireplace, dining area, and laundry. The elevated main home includes 3 bedrooms and 3 full baths, an open-concept kitchen and living area with a gas fireplace, an elevator, and a full attic.
Additional living and storage space includes finished ground-level entertaining space, a climate-controlled shed, and room for a pool. Outdoor features include a deck and patio, along with locked storage and fenced yard elements. The property is heated with forced air and cooled with central air, and it has public water and public sewer.
Built in 1948, this Seaside Heights property is just two short blocks from the bay, with an easy walk to the beach, restaurants, and attractions. Interior features include a pull-down attic entry, with shingle siding and a shingle roof.
Additional living and storage space includes finished ground-level entertaining space, a climate-controlled shed, and room for a pool. Outdoor features include a deck and patio, along with locked storage and fenced yard elements. The property is heated with forced air and cooled with central air, and it has public water and public sewer.
Built in 1948, this Seaside Heights property is just two short blocks from the bay, with an easy walk to the beach, restaurants, and attractions. Interior features include a pull-down attic entry, with shingle siding and a shingle roof.
Key Highlights
- Two renovated homes on an oversized 60' x 100' lot
- Off‑street parking plus deck and patio with locked storage
- Front cottage: 1 bedroom, 1 bath, open layout, gas fireplace, laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,029
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$780,580
$780.6K
Cap Rate 7%
$557,557
$557.6K
Cap Rate 9%
$433,656
$433.7K
Market Conditions
NOI Build-Up for 2,332 SF
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.
Gross rent
$59.6K $25.56/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$55.8K $23.91/SF
− OpEx
−$16.7K −$7.17/SF
NOI
$39.0K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$780,580
Cap Rate 7%
$557,557
Cap Rate 9%
$433,656
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$512.3K
$448.3K – $597.7K
NOI $35,861 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
576
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 - Duplex on a 60' x 100' lot with off-street parking, gas fireplaces, central air, and an elevator in the main home.
Where is this duplex located?
The property is located at 268 Fremont Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two renovated homes on an oversized 60' x 100' lot; Off‑street parking plus deck and patio with locked storage; Front cottage: 1 bedroom, 1 bath, open layout, gas fireplace, laundry
