Triplex with
For Sale
$999,999
126 K Street, Seaside Park, NJ 08752
MULTI_FAMILY - Seaside Park, NJ
Property Size1,722 SF
Lot Size0.11 Acres
Price / SF$580.72
Days on Market106
Property Features for 126 K Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Interior features
Attic
Lot features
Bayside
Directions
Per GPS use address. 35 to NW Central Ave (south bound), head west on K street.
Subdivision
Seaside Park
Standard status
Active
APN
28-00053-0000-00013
Size
1,722 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8330
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Zoned
Water source
Public
Amenities
screened porches
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Linoleum
Roof type
Shingle
Listing Agency:
Barefoot Real Estate LLC
Listed By:
Cheyenne Pearce
(732) 475-6691
Added: May 22
Changed: Aug 7
Last Checked: Sep 4 at 2:06AM
MLS# 22615153
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 triplex at 126 K Street in Seaside Park, NJ is configured with three units and a total of 6 bedrooms. The home includes screened porches and a porch, along with an attic and a basement for additional storage or space. Flooring includes linoleum and vinyl, and heating is provided by zoned baseboard systems. The roof is shingle, and the property was built in 1950.
The lot size is 0.11 acres, with dimensions described as a 50x100 bayside lot. Public water and public sewer are connected. The offering is presented as fully furnished, and the property is described as being just blocks from the ocean and close to local restaurants, shops, and attractions.
The lot size is 0.11 acres, with dimensions described as a 50x100 bayside lot. Public water and public sewer are connected. The offering is presented as fully furnished, and the property is described as being just blocks from the ocean and close to local restaurants, shops, and attractions.
Key Highlights
- Three‑unit triplex with a total of 6 bedrooms
- 50x100 bayside lot on 0.11 acres
- 1722 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three units and screened porches, featuring public water and public sewer service.
Where is this triplex located?
The property is located at 126 K Street 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‑unit triplex with a total of 6 bedrooms; 50x100 bayside lot on 0.11 acres; 1722 SF total property size
