Two-Unit Duplex with
For Sale
$899,900
223 Sampson Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size2,224 SF
Lot Size0.09 Acres
Price / SF$404.63
Days on Market95
Property Features for 223 Sampson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Neighborhood, Multi-Family
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 7
Parking
4
Parking features
Off Street, Paved or Surfaced
Patio and Porch features
Porch, Patio, Deck
Interior features
Attic, Attic - Pull Down Strs
Exterior features
Outdoor Grill, Deck, Storm Window, Screens, Lighting
Fencing
Fenced
Basement
Crawl Space
Lot features
Bayside, Fenced Area, Level, Oceanside
Directions
Take Bay Blvd to Sampson
Subdivision
Seaside Heights
Standard status
Active
APN
27-00048-0000-00043
Size
2,224 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11081
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Zoned
Cooling system
Zoned, Multi Units, Central Air
Water source
Public
Amenities
enclosed front porch
fully fenced backyard
covered patio
cedar outdoor shower with dressing room
private deck
Building Details
Year built
1954
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Kim Valentini · License #9909835
(732) 267-7465
Added: Jul 1
Changed: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 22619635
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.
Investment Insights
Based on property information with market context.
This 2,224-square-foot duplex, built in 1954, contains two residential units on a 0.09-acre parcel. The two-story ground-floor residence offers 5 bedrooms, a living room, enclosed front porch, eat-in kitchen, covered patio, fenced backyard, and cedar outdoor shower with dressing room. The upper apartment includes 2 bedrooms, 1 full bath, a private entrance, and a private deck. Wood and ceramic tile flooring, forced-air heating, central air, and zoned systems serve the property.
Located at 223 Sampson Avenue in Seaside Heights, the property sits on a quiet North End residential street approximately 2 blocks from the beach. Additional features include paved off-street parking, public water, public sewer, shingle roofing, attic storage, and cable availability.
Located at 223 Sampson Avenue in Seaside Heights, the property sits on a quiet North End residential street approximately 2 blocks from the beach. Additional features include paved off-street parking, public water, public sewer, shingle roofing, attic storage, and cable availability.
Key Highlights
- 2,224 square feet on a 0.09‑acre parcel
- Two residential units with 7 total bedrooms and 2 bathrooms
- Ground‑floor unit includes 5 bedrooms, enclosed porch, eat‑in kitchen, patio, and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,420
$744.4K
Cap Rate 7%
$531,729
$531.7K
Cap Rate 9%
$413,567
$413.6K
Market Conditions
NOI Build-Up for 2,224 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.8K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.2K $23.91/SF
− OpEx
−$16.0K −$7.17/SF
NOI
$37.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,420
Cap Rate 7%
$531,729
Cap Rate 9%
$413,567
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.3K – $620.4K
NOI $37,221 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$488.6K
$427.5K – $570.0K
NOI $34,201 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,651 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
525
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family property with separate living spaces, private outdoor areas, parking, and convenient beach access.
Where is this duplex located?
The property is located at 223 Sampson Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,224 square feet on a 0.09‑acre parcel; Two residential units with 7 total bedrooms and 2 bathrooms; Ground‑floor unit includes 5 bedrooms, enclosed porch, eat‑in kitchen, patio, and fenced yard
