Furnished Renovated
New
For Sale
$1,100,000
16 O St, Seaside Park, NJ 08752
An interior staircase connects the two units, allowing them to be occupied separately or as one residence.
Property Size1,944 SF
Price / SF$565.84
Days on Market3
Property Features for 16 O St
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1935
Listing Agency:
Agosta Realty Group LLC
Listed By:
Curran Group
(732) 359-3203
Source:
Currangrp
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 25 at 2:45AM
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 Agosta Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 1935, this 1,944-square-foot duplex contains two updated units and is offered furnished. An interior staircase connects the units, supporting separate occupancy or use as a single residence. A new roof was installed in 2024.
The property is three houses from the ocean in Seaside Park. Both units have had summer and winter tenants.
The property is three houses from the ocean in Seaside Park. Both units have had summer and winter tenants.
Key Highlights
- Two updated units in a 1,944‑square‑foot duplex
- New roof installed in 2024
- Interior staircase connects the units for separate or combined occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,535
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,700
$650.7K
Cap Rate 7%
$464,786
$464.8K
Cap Rate 9%
$361,500
$361.5K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$49.7K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$46.5K $23.91/SF
− OpEx
−$13.9K −$7.17/SF
NOI
$32.5K $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%
$650,700
Cap Rate 7%
$464,786
Cap Rate 9%
$361,500
Alternative Uses
Best Use
Multifamily LT 5
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$507.6K
$444.2K – $592.2K
NOI $35,533 @ 7.0% cap · market cap 3.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
398
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?
Duplex - An interior staircase connects the two units, allowing them to be occupied separately or as one residence.
Where is this duplex located?
The property is located at 16 O St Seaside Park, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two updated units in a 1,944‑square‑foot duplex; New roof installed in 2024; Interior staircase connects the units for separate or combined occupancy
