Two-Family Duplex with Private
For Sale
$699,000
120 Lincoln Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size1,900 SF
Price / SF$367.89
Days on Market49
Property Features for 120 Lincoln 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, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2
Parking
3
Parking features
Paved or Surfaced, Off Street
Basement
Crawl Space
Directions
Central Ave to Lincoln # 120. Handyman Special 2 family on a double lot.
Subdivision
Seaside Heights
Standard status
Active
APN
11111111111
Size
1,900 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8628
Utilities
Sewer type
Public Sewer
Cooling system
Multi Units
Water source
Public
Building Details
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 10 at 12:06PM
MLS# 22626443
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 vacant duplex contains 1,900 square feet arranged as a two-family property with 4 bedrooms and 2 bathrooms. The improvements feature stucco construction, a shingle roof, multi-unit cooling, paved and off-street parking, and a large private backyard on a double lot. Public water and public sewer serve the property.
The home is located at 120 Lincoln Avenue in Seaside Heights, one block from the beach and within walking distance of the boardwalk, rides, amusements, Ocean Beach and Pool Club, and restaurants. The property is also across the street from the K. Hovnanian project. Parkway access is available at Exit 82, with the source noting proximity to New York City, Atlantic City, and Philadelphia.
The home is located at 120 Lincoln Avenue in Seaside Heights, one block from the beach and within walking distance of the boardwalk, rides, amusements, Ocean Beach and Pool Club, and restaurants. The property is also across the street from the K. Hovnanian project. Parkway access is available at Exit 82, with the source noting proximity to New York City, Atlantic City, and Philadelphia.
Key Highlights
- 1,900 square feet with a two‑family layout
- 4 bedrooms and 2 bathrooms
- Double lot with a large private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,799
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,980
$636.0K
Cap Rate 7%
$454,271
$454.3K
Cap Rate 9%
$353,322
$353.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$48.6K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$45.4K $23.91/SF
− OpEx
−$13.6K −$7.17/SF
NOI
$31.8K $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%
$635,980
Cap Rate 7%
$454,271
Cap Rate 9%
$353,322
Alternative Uses
Best Use
Multifamily LT 5
$454.3K
$397.5K – $530.0K
NOI $31,799 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$417.4K
$365.2K – $487.0K
NOI $29,218 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$496.1K
$434.1K – $578.8K
NOI $34,729 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant residential income property with off-street parking, public utilities, and beach access one block away.
Where is this duplex located?
The property is located at 120 Lincoln Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,900 square feet with a two‑family layout; 4 bedrooms and 2 bathrooms; Double lot with a large private backyard
