Furnished Coastal
New
For Sale
$1,100,000
16 O Street, Seaside Park, NJ 08752
Multi-Family, Seaside Park, NJ
Property Size1,944 SF
Lot Size0.06 Acres
Price / SF$565.84
Days on Market4
Property Features for 16 O Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Basement
Parking features
On Street
Patio and Porch features
Deck
Interior features
Attic, Attic - Pull Down Strs, Recessed Lighting
Exterior features
Outdoor Grill, Deck
Basement
Finished, Walk-Out Access
Lot features
Ocean Block
Directions
NJ 35 south, turn right onto NW Central Ave, Left onto Lafayette, right onto N Ocean Ave, Right onto O St.
Subdivision
Seaside Park
Standard status
Active
APN
28-00073-0000-00018
Size
1,944 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7781
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Multi Units, Central Air
Water source
Public
Water front
1
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Roof type
Shingle
Listing Agency:
EXIT Realty Jersey Shore
Listed By:
Mark Nigro
(732) 573-1550
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 1:06PM
MLS# 22633673
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.
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Investment Insights
Based on property information with market context.
This 1,944-square-foot duplex in Seaside Park contains two updated residences, with an interior staircase that supports separate or combined rental arrangements. The property is furnished and includes a deck, outdoor grill, attic, central air, and forced-air heating. A new roof was installed in 2024.
The home sits three houses from the ocean. Built in 1935, it occupies a 0.06-acre lot and is served by public water and public sewer.
The home sits three houses from the ocean. Built in 1935, it occupies a 0.06-acre lot and is served by public water and public sewer.
Key Highlights
- Two updated residences with an interior staircase for separate or combined rentals
- 1,944 square feet on a 0.06‑acre lot
- New roof installed in 2024
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
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
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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 updated residences, which can be leased separately or together.
Where is this duplex located?
The property is located at 16 O Street 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 residences with an interior staircase for separate or combined rentals; 1,944 square feet on a 0.06‑acre lot; New roof installed in 2024
