4-Unit Quadplex with
223 Hamilton Avenue, Seaside Heights, NJ 08751
For Sale
$990,000
Multi-Family, Seaside Heights, NJ
Property Size1,848 SF
Lot Size0.06 Acres
Price / SF$535.71
Days on Market95
Property Features for 223 Hamilton Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Exterior features
Basement
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
Signature Realty NJ
Listed By:
Rodrigo Burga
(973) 921-1111
Added: Aug 12
Changed: Oct 26
Last Checked: Nov 14 at 9:06AM
MLS# 22625020
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 4-unit property was renovated in 2024 and is operated as a year-round rental, with short-term stays during summer and longer-term rentals in winter. The 1,848-square-foot building dates to 1960 and sits on a 0.06-acre lot. Interior and exterior features include vinyl flooring, a deck and patio, baseboard heating, and a shingle roof.
The property is in Seaside Heights, near the beach. Public water and sewer serve the property, and parking is on street. It may be delivered vacant.
The property is in Seaside Heights, near the beach. Public water and sewer serve the property, and parking is on street. It may be delivered vacant.
Key Highlights
- Four‑unit property renovated in 2024
- 1,848 square feet on a 0.06‑acre lot
- Year‑round rental operation with summer short‑term and longer winter stays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,928
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,560
$618.6K
Cap Rate 7%
$441,829
$441.8K
Cap Rate 9%
$343,644
$343.6K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$47.2K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$44.2K $23.91/SF
− OpEx
−$13.3K −$7.17/SF
NOI
$30.9K $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%
$618,560
Cap Rate 7%
$441,829
Cap Rate 9%
$343,644
Alternative Uses
Best Use
Multifamily LT 5
$441.8K
$386.6K – $515.5K
NOI $30,928 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$406.0K
$355.2K – $473.7K
NOI $28,419 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$482.5K
$422.2K – $563.0K
NOI $33,778 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated in 2024, the property accommodates summer short-term stays and longer winter rentals.
Where is this quadplex located?
The property is located at 223 Hamilton Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Four‑unit property renovated in 2024; 1,848 square feet on a 0.06‑acre lot; Year‑round rental operation with summer short‑term and longer winter stays
