Ocean Block Multifamily Earning
52 Kearney Avenue Seaside Heights, NJ 08751
52 Kearney Avenue, Seaside Heights, NJ, 08751
$1,689,000
For Sale
$1,689,000
MULTI_FAMILY - Seaside Heights, NJ
Property Size5,000 SF
Lot Size0.26 Acres
Price / SF$337.80
Days on Market187
Property Features for 52 Kearney Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 7
- Rooms
- Bathroom 6, Bedroom 2, Bedroom 9, Bedroom 6, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 10, Bedroom 1, Bedroom 11, Bathroom 1, Bathroom 7
- Parking features
- Paved or Surfaced, Alley, On Street
- Patio and Porch features
- Deck
- Interior features
- Attic - Pull Down Strs
- Exterior features
- Deck, Thermal Window, Beach Access, Screens, Lighting
- Fencing
- Fenced
- Basement
- Walk-Out Access, Partially Finished, Crawl Space
- Standard status
- Active
- APN
- 1111111111
- Size
- 5,000 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Zoned, Multi Units
- Water source
- Public
- Water front
- 1
Building Details
- Floors in Building
- 2
- Number of units
- 5
Listing Agency
Seaside Heights Realty Inc.
(732) 793-5200
1220 Boulevard, Seaside Heights, NJ
Listed by
Michael Loundy · License #8435976
(732) 793-5200
Added: Jan 12 Checked: Jul 18 at 2:06 pm
MLS# 22601030
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.
This multifamily property, located in the ocean block, features four rental units and a five-bedroom, two-bath unit. Off-street parking is available for six cars, and outside showers are included. The property is situated steps from the beach, boardwalk, rides, amusements, and shopping. It is located one hour from New York City, Atlantic City, and Philadelphia, off Parkway Exit 82. The property is situated on a 0.26-acre lot. The building size is approximately 5,000 square feet. The property has potential as an Airbnb-style rental, with projected earnings exceeding $300,000 per year. The property is located in Seaside Heights, New Jersey.
Key Highlights
- Beach access with ocean‑block proximity (steps from the beach, per remarks)
- Zoned cooling with multi‑unit setup; baseboard heating
- Outside showers and deck, plus thermal windows and screens
Local Financial Insights For Apartment 5plus
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 | $150.0k | $30.00 |
| − Vacancy | −$10.2k | −$2.04 |
| EGI | $139.8k | $27.96 |
| − OpEx | −$62.9k | −$12.58 |
| NOI | $76.9k | $15.38 |
5,000 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,890 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Steps from the beach, potential for high rental income.
Where is this apartment building located?
The property is located at 52 Kearney Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: Beach access with ocean‑block proximity (steps from the beach, per remarks); Zoned cooling with multi‑unit setup; baseboard heating; Outside showers and deck, plus thermal windows and screens
