Two-Unit Coastal
New
For Sale
$789,999
230 Hamilton Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size1,884 SF
Lot Size0.05 Acres
Price / SF$419.32
Days on Market1
Property Features for 230 Hamilton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Use, Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking
1
Parking features
On Street, Carport
Patio and Porch features
Patio
Interior features
Attic - Pull Down Strs, Recessed Lighting
Exterior features
Lighting
Fencing
Fenced
Basement
Walk-Out Access, Full, Finished
Directions
Rt 37 East to Seaside Heights, bear right on inbound circle route onto Bay Blvd, left onto Hamilton Ave. 230 Hamilton Ave is on the left.
Subdivision
Seaside Heights
Standard status
Active
APN
27-00021-0000-00030
Size
1,884 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9490
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Zoned, Central Air
Water source
Public
Amenities
shared laundry
walk-in storage area
fully fenced patio
storage shed
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile - Ceramic
Building materials
Shingle Siding
Roof type
Shingle
Listing Agency:
Paradise Real Estate Group
(732) 295-1095
Listed By:
Megan Kilmurray
(732) 295-1095
Added: Aug 5
Last Checked: Aug 5 at 9:06PM
MLS# 22624174
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 1,884-square-foot duplex contains two residential units within a 1930-built property. The upper residence has three bedrooms, one full bathroom, hardwood flooring, recessed lighting, and a renovated kitchen with stainless steel appliances, granite counters, and a tile backsplash. The lower residence includes two bedrooms, one full bathroom, a full kitchen, and access to shared laundry facilities. Both units connect to the backyard.
Outdoor features include a fully enclosed patio, storage shed, carport, and on-street parking. A walk-in storage area near the laundry room adds space for household or seasonal items. The property is served by public water and public sewer, with forced-air heat and central air conditioning. Located at 230 Hamilton Avenue in Seaside Heights, the home is three blocks from the beach and two blocks from the bay.
Outdoor features include a fully enclosed patio, storage shed, carport, and on-street parking. A walk-in storage area near the laundry room adds space for household or seasonal items. The property is served by public water and public sewer, with forced-air heat and central air conditioning. Located at 230 Hamilton Avenue in Seaside Heights, the home is three blocks from the beach and two blocks from the bay.
Key Highlights
- 1,884‑square‑foot duplex on a 0.05‑acre lot
- Two units with 3‑bedroom and 2‑bedroom layouts
- Upper unit has updated kitchen with stainless appliances and granite counters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $25.56 |
| − Vacancy | −$3.1k | −$1.65 |
| EGI | $45.0k | $23.91 |
| − OpEx | −$13.5k | −$7.17 |
| NOI | $31.5k | $16.74 |
1,884 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.4K
$394.1K – $525.5K
NOI $31,531 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,972 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,437 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
591
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces include updated kitchens, shared laundry, and access to a fenced outdoor area.
Where is this duplex located?
The property is located at 230 Hamilton Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $789,999.
What are key features of this property?
This property features: 1,884‑square‑foot duplex on a 0.05‑acre lot; Two units with 3‑bedroom and 2‑bedroom layouts; Upper unit has updated kitchen with stainless appliances and granite counters
