Renovated Two-Family
For Sale
$719,900
115 Blaine Avenue, Seaside Heights, NJ 08751
Furnished accommodations comprise two separate residences, each with a two-bedroom, one-bathroom layout.
Property Size2,122 SF
Price / SF$339.26
Days on Market8
Property Features for 115 Blaine Avenue
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Keller Williams Shore Properties
Listed By:
Evan Vieira
(732) 797-9001
Source:
Actionplusrealty
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 12 at 8:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Shore Properties
Investment Insights
Based on property information with market context.
This renovated duplex contains 2,122 square feet and was built in 1940. Both residences are furnished and configured with two bedrooms and one bathroom, providing a consistent layout across the property.
The property is in Seaside Heights, near the beach, boardwalk, restaurants, entertainment, and shopping. The two-unit setup supports separate occupancy of each residence.
The property is in Seaside Heights, near the beach, boardwalk, restaurants, entertainment, and shopping. The two-unit setup supports separate occupancy of each residence.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,122 square feet
- Renovated and furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,514
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,280
$710.3K
Cap Rate 7%
$507,343
$507.3K
Cap Rate 9%
$394,600
$394.6K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$54.2K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.7K $23.91/SF
− OpEx
−$15.2K −$7.17/SF
NOI
$35.5K $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%
$710,280
Cap Rate 7%
$507,343
Cap Rate 9%
$394,600
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$466.2K
$407.9K – $543.9K
NOI $32,632 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$554.1K
$484.8K – $646.5K
NOI $38,787 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
634
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Furnished accommodations comprise two separate residences, each with a two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 115 Blaine Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,122 square feet; Renovated and furnished
