Two-Apartment Duplex Near
For Sale
$849,900
111 Lincoln Avenue, Seaside Heights, NJ 08751
Two apartments are within walking distance of the beach, boardwalk, restaurants, shopping, and amusements.
Property Size1,823 SF
Price / SF$466.21
Days on Market699
Property Features for 111 Lincoln Avenue
General Information
Standard status
Active
Size
1,823 SF
Property subtype
Multi-family
Listing Agency:
Seaside Heights Realty Inc.
Listed By:
Michael Loundy
(833) 740-1234
Source:
Actionplusrealty
Added: Nov 6, 2024
Changed: Oct 6
Last Checked: Oct 5 at 8:20PM
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 Seaside Heights Realty Inc.
Investment Insights
Based on property information with market context.
This duplex includes two apartments in Seaside Heights, positioned just 1 block from the ocean. The property offers a residential income configuration with two separate apartments and access to the area’s seasonal rental market, without relying on a single residential layout.
Located on Lincoln Avenue in the heart of Seaside Heights, the property is within walking distance of restaurants, rides, amusements, the boardwalk, shopping, and the beach. The location is approximately 1 hour from NYC, with access to AC and Philly from Parkway exit 82.
Located on Lincoln Avenue in the heart of Seaside Heights, the property is within walking distance of restaurants, rides, amusements, the boardwalk, shopping, and the beach. The location is approximately 1 hour from NYC, with access to AC and Philly from Parkway exit 82.
Key Highlights
- Two apartments included in the duplex
- Just 1 block from the ocean
- Walkable to the beach, boardwalk, restaurants, rides, amusements, and shopping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,510
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,200
$610.2K
Cap Rate 7%
$435,857
$435.9K
Cap Rate 9%
$339,000
$339.0K
Market Conditions
NOI Build-Up for 1,823 SF
Gross rent
$46.6K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.6K $23.91/SF
− OpEx
−$13.1K −$7.17/SF
NOI
$30.5K $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%
$610,200
Cap Rate 7%
$435,857
Cap Rate 9%
$339,000
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$400.5K
$350.4K – $467.2K
NOI $28,034 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$476.0K
$416.5K – $555.4K
NOI $33,322 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are within walking distance of the beach, boardwalk, restaurants, shopping, and amusements.
Where is this duplex located?
The property is located at 111 Lincoln Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two apartments included in the duplex; Just 1 block from the ocean; Walkable to the beach, boardwalk, restaurants, rides, amusements, and shopping
