Duplex with Two
For Sale
$931,000
1118 Boulevard, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size1,750 SF
Lot Size0.09 Acres
Price / SF$532
Days on Market51
Property Features for 1118 Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Basement, Bathroom 1, Bathroom 3
Parking
7
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Balcony, Attic - Pull Down Strs
Exterior features
Outdoor Grill, Deck, Locked Storage, Screens, Swimming Area, Lighting
Lot features
Ocean Block, Fenced Area, Oceanside
Directions
North on Boulevard to 1118
Subdivision
Seaside Heights
Standard status
Active
APN
000-0000-000
Size
1,750 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11218
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air
Cooling system
Zoned
Water source
Public
Water front
1
Amenities
above ground pool
porch
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Weichert Realtors-Toms River
Listed By:
Steven M Bloss
(732) 240-0500
Added: Sep 4
Changed: Oct 18
Last Checked: Oct 24 at 4:06PM
MLS# 22627775
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.
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Investment Insights
Based on property information with market context.
This duplex property includes a front residence with five bedrooms and two bathrooms, along with a one-bedroom rear house. The front home provides more than 1,700 square feet on one level and sits on a 40x95 lot. Additional features include an above-ground pool, porch, deck, attic storage, and two breakaway-wall rooms measuring 12x28 each. The rear house adds two lofts for storage.
Located at 1118 Boulevard in Seaside Heights, the property is described as beach block and offers off-street parking beneath the house. Public water and public sewer serve the property. Built in 1968, the homes include forced-air heating, zoned heating and cooling, laminate flooring, shingle roofing, and exterior storage features.
Located at 1118 Boulevard in Seaside Heights, the property is described as beach block and offers off-street parking beneath the house. Public water and public sewer serve the property. Built in 1968, the homes include forced-air heating, zoned heating and cooling, laminate flooring, shingle roofing, and exterior storage features.
Key Highlights
- Front home includes 5 bedrooms and 2 bathrooms
- One‑bedroom rear house provides additional guest or income space
- Front residence offers more than 1,700 square feet on one level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,288
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,760
$585.8K
Cap Rate 7%
$418,400
$418.4K
Cap Rate 9%
$325,422
$325.4K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$44.7K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.8K $23.91/SF
− OpEx
−$12.6K −$7.17/SF
NOI
$29.3K $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%
$585,760
Cap Rate 7%
$418,400
Cap Rate 9%
$325,422
Alternative Uses
Best Use
Multifamily LT 5
$418.4K
$366.1K – $488.1K
NOI $29,288 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$384.5K
$336.4K – $448.5K
NOI $26,912 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$457.0K
$399.8K – $533.1K
NOI $31,987 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexible guest or income use, with off-street parking and an above-ground pool.
Where is this duplex located?
The property is located at 1118 Boulevard Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $931,000.
What are key features of this property?
This property features: Front home includes 5 bedrooms and 2 bathrooms; One‑bedroom rear house provides additional guest or income space; Front residence offers more than 1,700 square feet on one level
