Duplex with
New
For Sale
$719,900
115 Blaine Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size2,122 SF
Lot Size0.05 Acres
Price / SF$339.26
Days on Market5
Property Features for 115 Blaine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2
Parking features
On Street
Patio and Porch features
Deck
Exterior features
Deck, Lighting
Fencing
Fenced
Basement
Dirt Floor, Walk-Out Access, Full
Directions
gps
Subdivision
Seaside Heights
Standard status
Active
APN
27-00015-0000-00015
Size
2,122 SF
Lot size
0.05 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:
Keller Williams Shore Properties · Keller Williams Realty
Listed By:
Evan Vieira
(732) 797-9001
Added: Oct 6
Changed: Oct 9
Last Checked: Oct 10 at 10:06AM
MLS# 22631455
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 2,122-square-foot duplex contains two furnished residences, each arranged with two bedrooms and one bathroom. The property was renovated and includes a deck, fenced grounds, laminate flooring, and stucco exterior. Built in 1940, it occupies a 0.05-acre parcel and has public water and sewer service, with on-street parking.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,122 square feet on a 0.05‑acre parcel
- Renovated and offered 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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both furnished residences have separate two-bedroom, one-bath layouts that support independent occupancy.
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 on a 0.05‑acre parcel; Renovated and offered furnished
