Three-Unit Bayside
New
For Sale
$999,999
126 K St, Seaside Park, NJ 08752
A furnished residential property with three separate units and screened porches.
Property Size1,722 SF
Lot Size0.11 Acres
Price / SF$580.72
Days on Market2
Property Features for 126 K St
General Information
Standard status
Active
Size
1,722 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
3
Amenities
screened porches
Building Details
Year Built
1950
Listing Agency:
Barefoot Real Estate LLC
Listed By:
Cheyenne Pearce · License #2321489
(732) 475-6691
Source:
Soldbypattie
Added: Oct 31
Last Checked: Aug 25 at 5:29AM
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 Barefoot Real Estate LLC
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Investment Insights
Based on property information with market context.
This three-unit residential property offers six bedrooms across its configuration and is furnished. Screened porches provide additional outdoor space. Built in 1950, the building sits on a 50-by-100-foot bayside lot in Seaside Park.
The property is located a few blocks from the ocean, with local restaurants, shops, and attractions nearby.
The property is located a few blocks from the ocean, with local restaurants, shops, and attractions nearby.
Key Highlights
- Three residential units
- Six bedrooms
- Screened porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,820
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,400
$576.4K
Cap Rate 7%
$411,714
$411.7K
Cap Rate 9%
$320,222
$320.2K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$44.0K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$41.2K $23.91/SF
− OpEx
−$12.4K −$7.17/SF
NOI
$28.8K $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%
$576,400
Cap Rate 7%
$411,714
Cap Rate 9%
$320,222
Alternative Uses
Best Use
Multifamily LT 5
$411.7K
$360.3K – $480.3K
NOI $28,820 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.4K
NOI $26,481 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$449.6K
$393.4K – $524.6K
NOI $31,475 @ 7.0% cap · market cap 3.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
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Business Placement
Demographics for 08752, NJ
1,961
Population
4,137
Households
0.5
Avg Household Size
61
Median Age
55%
College-Educated
99%
High-School Grad
4.8 sq mi
ZIP Area
409
Density / Sq Mi
$75,865
Median Household Income
$49,150
Median Earnings
$1,402
Median Rent
$779,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A furnished residential property with three separate units and screened porches.
Where is this triplex located?
The property is located at 126 K St Seaside Park, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three residential units; Six bedrooms; Screened porches
