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Three-Unit Multifamily Property Near Beach
For Sale
$1,550,000

44 Hancock Ave, Seaside Heights, NJ 08751

Three-unit configuration includes a main residence and two rear apartments near the sand and boardwalk.

Property Size2,800 SF
Days on Market12

Property Features for 44 Hancock Ave

General Information

Standard status Active
Size 2,800 SF
Property subtype Investment

Units

Unit Mix 1 x 5BR/2.5BA, 2 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,485

Building Details

Building Size 2,800 SF
Year Built 1940
Units 3
Listing Agency: Van Dyk Group
Listed By: Alyson Scudiero
Source: Elliman
Added: Sep 16 Changed: Sep 23 Last Checked: Sep 26 at 11:22AM

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 Van Dyk Group

Investment Insights

Based on property information with market context.

This multifamily property at 44 Hancock Ave includes a main house with 5 bedrooms and 2.5 baths, plus a rear structure containing two separate apartments. Each rear unit offers 2 bedrooms and 1 full bath, creating 3 existing units and 9 bedrooms across the property. A potential fourth unit is also identified in the existing configuration.

The property sits on a beach block in the North End of Seaside Heights, with the sand and boardwalk just steps away. Built in 1940, it offers a combination of residential layout and shore-area proximity suited to personal use, extended-family occupancy, or rental use. The location records a Walk Score of 76, described as Very Walkable, and a Bike Score of 50, described as Bikeable.

Key Highlights

  • 3 existing units with 9 total bedrooms
  • Main house includes 5 bedrooms and 2.5 baths
  • Rear house contains two separate 2‑bedroom, 1‑bath units

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Nail Salon Auto Parts Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

573
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three-unit configuration includes a main residence and two rear apartments near the sand and boardwalk.
Where is this multifamily property located?
The property is located at 44 Hancock Ave Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 3 existing units with 9 total bedrooms; Main house includes 5 bedrooms and 2.5 baths; Rear house contains two separate 2‑bedroom, 1‑bath units
More about this property
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