Two-Unit Duplex with
For Sale
$849,900
111 Lincoln Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size1,823 SF
Price / SF$466.21
Days on Market674
Property Features for 111 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 3, Bathroom 4
Patio and Porch features
Deck
Exterior features
Deck
Directions
Central Ave to Lincoln # 111. 1 Block to the Beach and Boardwalk. Could be a rental powerhouse..........
Subdivision
Seaside Heights
Standard status
Active
APN
11111111111
Size
1,823 SF
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
5325
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Added: Dec 1, 2024
Changed: Oct 2
Last Checked: Oct 6 at 5:06PM
MLS# 22434110
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 1,823-square-foot duplex contains two apartments and offers a six-bedroom, four-bathroom configuration with basement space. A deck adds outdoor area, while the property is served by public water and public sewer and has a shingle roof.
The property sits 1 block from the ocean in Seaside Heights, with the beach, boardwalk, restaurants, shopping, rides, and amusements within walking distance. Its location also provides access to the Garden State Parkway at Exit 82, with stated drive times of 1 hour to NYC, Atlantic City, and Philadelphia. The source describes summer rental and short-term rental potential for the two-apartment layout.
The property sits 1 block from the ocean in Seaside Heights, with the beach, boardwalk, restaurants, shopping, rides, and amusements within walking distance. Its location also provides access to the Garden State Parkway at Exit 82, with stated drive times of 1 hour to NYC, Atlantic City, and Philadelphia. The source describes summer rental and short-term rental potential for the two-apartment layout.
Key Highlights
- 1,823 square feet configured as two apartments
- Six bedrooms and four bathrooms with basement space
- Deck provides outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,510
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,200
$610.2K
Cap Rate 7%
$435,857
$435.9K
Cap Rate 9%
$339,000
$339.0K
Market Conditions
NOI Build-Up for 1,823 SF
Gross rent
$46.6K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.6K $23.91/SF
− OpEx
−$13.1K −$7.17/SF
NOI
$30.5K $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 Rate 5%
$610,200
Cap Rate 7%
$435,857
Cap Rate 9%
$339,000
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$400.5K
$350.4K – $467.2K
NOI $28,034 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$476.0K
$416.5K – $555.4K
NOI $33,322 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments with a deck, basement, and walkable access to the beach, boardwalk, dining, shopping, and amusements.
Where is this duplex located?
The property is located at 111 Lincoln Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 1,823 square feet configured as two apartments; Six bedrooms and four bathrooms with basement space; Deck provides outdoor area
