Duplex Near Beach and
For Sale
$750,000
233 Sheridan Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size1,428 SF
Lot Size0.08 Acres
Price / SF$525.21
Days on Market93
Property Features for 233 Sheridan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Neighborhood, Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Open, On Street, Off Street, Paved or Surfaced
Security features
Security System
Patio and Porch features
Deck
Interior features
Recessed Lighting
Exterior features
Deck, Storm Window, Beach Access, Board Walk, Lighting
Basement
Crawl Space
Lot features
Bayside, Fenced Area, Level, Oceanside
Directions
BLVD. TO SHERIDAN
Subdivision
Seaside Heights
Standard status
Active
APN
27-00053-0000-00051-02
Size
1,428 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9615
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units
Water source
Public
Amenities
backyard
deck
outdoor shower
security camera systems
off-street parking
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Shingle
Listing Agency:
RE/MAX Revolution
(732) 678-1328
Listed By:
Kyle T Marcell · License #1540795
(732) 678-1328
Added: Jun 1
Changed: Aug 7
Last Checked: Sep 1 at 11:06PM
MLS# 22616331
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 designer-renovated two-family duplex is set up for short-term rental operations. The sale includes both furnished units and security camera systems, along with established Superhost Airbnb and VRBO accounts and a history of repeat clientele. Interior finishes include recessed lighting, vinyl flooring, and baseboard heating, with cooling listed for the multi-unit property. Kitchen and living areas feature granite countertops, stainless steel appliances, and designer finishes with gold accents, along with custom feature walls and white oak-style flooring.
Outside, the property includes a deck, storm window, and an outdoor shower, plus low-maintenance turf in a spacious backyard. Off-street parking is provided, along with on-street parking options. The exterior is described as stucco with a shingle roof. The home is served by public water and public sewer.
Located just two blocks from the Seaside Heights beach and boardwalk, the duplex sits on a 0.08-acre lot with 1,428 square feet of property size and a 1940 year built. The offering is presented with an 11% cap rate.
Outside, the property includes a deck, storm window, and an outdoor shower, plus low-maintenance turf in a spacious backyard. Off-street parking is provided, along with on-street parking options. The exterior is described as stucco with a shingle roof. The home is served by public water and public sewer.
Located just two blocks from the Seaside Heights beach and boardwalk, the duplex sits on a 0.08-acre lot with 1,428 square feet of property size and a 1940 year built. The offering is presented with an 11% cap rate.
Key Highlights
- 0.08‑acre lot with 1,428 SF duplex built in 1940
- Operating short‑term rental with furnished units, security camera systems, and established Superhost Airbnb/VRBO accounts
- 11% cap rate
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
$23,899
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
3.19%
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%
$477,980
$478.0K
Cap Rate 7%
$341,414
$341.4K
Cap Rate 9%
$265,544
$265.5K
Market Conditions
NOI Build-Up for 1,428 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
$36.5K $25.56/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$34.1K $23.91/SF
− OpEx
−$10.2K −$7.17/SF
NOI
$23.9K $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 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%
$477,980
Cap Rate 7%
$341,414
Cap Rate 9%
$265,544
Alternative Uses
Best Use
Multifamily LT 5
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$313.7K
$274.5K – $366.0K
NOI $21,960 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$372.9K
$326.3K – $435.0K
NOI $26,102 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
636
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 - Two-family duplex with deck, outdoor shower, and off-street parking, operating as a short-term rental near the boardwalk.
Where is this duplex located?
The property is located at 233 Sheridan Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.08‑acre lot with 1,428 SF duplex built in 1940; Operating short‑term rental with furnished units, security camera systems, and established Superhost Airbnb/VRBO accounts; 11% cap rate
