Updated Duplex
New
For Sale
$564,900
106 Trinidad Avenue, Seaside Heights, NJ 08751
Residential, Duplex, Seaside Heights, NJ
Property Size1,505 SF
Lot Size0.01 Acres
Price / SF$375.35
Days on Market6
Property Features for 106 Trinidad Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street, Driveway
Patio and Porch features
Deck
Exterior features
Balcony
Fireplace
1
Basement
Crawl Space
View
Water
Middle school
TR Intr East
High school
Toms River East
Directions
GOOGLE MAPS
Subdivision
Shn Ocn Bch III
Standard status
Active
APN
08-01066-0000-00032-0000-C0102
Size
1,505 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9639
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Central Air
Water source
Public
Water front
1
Amenities
deck
fenced backyard
clubhouse
beach access
Building Details
Year built
1986
Floors in Building
2
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
RE/MAX Select
(732) 917-7300
Listed By:
Scott Dubeau · License #1755365
(732) 966-0670
Added: Sep 2
Changed: Sep 7
Last Checked: Sep 7 at 1:06PM
MLS# 22627606
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 1,505-square-foot duplex property, built in 1986, offers three bedrooms and 2.5 bathrooms within an updated Colonial-style residence. The kitchen has granite countertops, while the primary suite includes a private bathroom and balcony. Central air, natural-gas baseboard heat, a fireplace, and public water and sewer serve the home.
Outdoor features include a deck, fenced yard, balcony, and oversized driveway with off-street parking. The property is located in Seaside Heights, approximately one mile from the beaches and boardwalk, within a bayfront community offering private clubhouse facilities and beach access. No HOA is reported.
Outdoor features include a deck, fenced yard, balcony, and oversized driveway with off-street parking. The property is located in Seaside Heights, approximately one mile from the beaches and boardwalk, within a bayfront community offering private clubhouse facilities and beach access. No HOA is reported.
Key Highlights
- 1,505 square feet with 3 bedrooms and 2.5 bathrooms
- Updated kitchen with granite countertops
- Primary suite with private bathroom and balcony
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
$25,188
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
4.46%
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%
$503,760
$503.8K
Cap Rate 7%
$359,829
$359.8K
Cap Rate 9%
$279,867
$279.9K
Market Conditions
NOI Build-Up for 1,505 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
$38.5K $25.56/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.0K $23.91/SF
− OpEx
−$10.8K −$7.17/SF
NOI
$25.2K $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%
$503,760
Cap Rate 7%
$359,829
Cap Rate 9%
$279,867
Alternative Uses
Best Use
Multifamily LT 5
$359.8K
$314.9K – $419.8K
NOI $25,188 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,144 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$393.0K
$343.9K – $458.5K
NOI $27,509 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
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 - Coastal setting with private beach access, clubhouse amenities, and off-street parking.
Where is this duplex located?
The property is located at 106 Trinidad Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: 1,505 square feet with 3 bedrooms and 2.5 bathrooms; Updated kitchen with granite countertops; Primary suite with private bathroom and balcony
