Renovated Two-Family
115 Blaine Avenue Seaside Heights, NJ 08751
For Sale
$785,000
MULTI_FAMILY - Seaside Heights, NJ
Property Size2,122 SF
Lot Size0.04 Acres
Price / SF$369.93
Days on Market164
Property Features for 115 Blaine Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 2
- Parking features
- On Street
- Patio and Porch features
- Deck
- Exterior features
- Deck, Lighting
- Fencing
- Fenced
- Basement
- Full, Walk-Out Access, Dirt Floor
- Standard status
- Active
- APN
- 27-00015-0000-00015
- Size
- 2,122 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8657
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency:
Crossroads Realty, Inc.
(732) 244-4900
Listed By:
Michele Nesbihal
(732) 244-4900
Added: Feb 12
Changed: Jul 17
Last Checked: Jul 26 at 3:06AM
MLS# 22603753
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 renovated two-family home is laid out as two separate residences, with each unit offering 2 bedrooms and 1 full bath. Updates support comfortable, modern living in both units. A full basement provides additional space for storage, and the home’s height is noted as a way to avoid raising, which may help reduce long-term maintenance and related costs.
Located at 115 Blaine Avenue in Seaside Heights, the property is described as being just moments from the beach, boardwalk, amusements, restaurants, and a water park. The surrounding area is also highlighted for ongoing revitalization efforts, including redevelopment activity tied to Cabana Beach Club, the return of the historic Seaside Heights Carousel, and improvements along the boardwalk and beach.
Configured for flexibility, the property can work for an owner-occupant looking to live in one unit while renting the other, or for buyers planning to hold both units as income-producing residences. With two self-contained 2-bedroom layouts and shared access to the full basement, it’s a practical choice for multi-generational setups or for anyone seeking a straightforward two-family structure in Seaside Heights.
Located at 115 Blaine Avenue in Seaside Heights, the property is described as being just moments from the beach, boardwalk, amusements, restaurants, and a water park. The surrounding area is also highlighted for ongoing revitalization efforts, including redevelopment activity tied to Cabana Beach Club, the return of the historic Seaside Heights Carousel, and improvements along the boardwalk and beach.
Configured for flexibility, the property can work for an owner-occupant looking to live in one unit while renting the other, or for buyers planning to hold both units as income-producing residences. With two self-contained 2-bedroom layouts and shared access to the full basement, it’s a practical choice for multi-generational setups or for anyone seeking a straightforward two-family structure in Seaside Heights.
Key Highlights
- Renovated two‑family home with four bedrooms and two full bathrooms total
- Each unit has 2 bedrooms and 1 full bath, offering flexible living or rental setup
- Full basement with height noted as not requiring raising
Financial Insights For Multifamily LT 5
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 | $54.2k | $25.56 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $50.7k | $23.91 |
| − OpEx | −$15.2k | −$7.17 |
| NOI | $35.5k | $16.74 |
2,122 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$466.2K
$407.9K – $543.9K
NOI $32,632 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$554.1K
$484.8K – $646.5K
NOI $38,787 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with two 2-bedroom units and a full basement, offering flexible owner-occupant or rental use.
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 $785,000.
What are key features of this property?
This property features: Renovated two‑family home with four bedrooms and two full bathrooms total; Each unit has 2 bedrooms and 1 full bath, offering flexible living or rental setup; Full basement with height noted as not requiring raising
