Renovated Duplex Near
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 Market139
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
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3
Parking features
On Street, Off Street, Paved or Surfaced, Open
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
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
(908) 278-8825
Added: Jun 1
Changed: Oct 2
Last Checked: Oct 17 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This renovated duplex contains 1,428 square feet across two residential units on a 0.08-acre lot. The property was built in 1940 and updated with vinyl flooring, recessed lighting, granite countertops, stainless steel appliances, and contemporary interior finishes. Both units are offered furnished, with multi-unit cooling and baseboard heat.
Outdoor features include a deck, low-maintenance turf, an exterior shower, and paved off-street parking. The property is located two blocks from the Seaside Heights beach and boardwalk, with public water and public sewer service. The sale includes security camera systems and established Airbnb and VRBO rental accounts. The property has an 11% cap rate and is operated as a short-term rental.
Outdoor features include a deck, low-maintenance turf, an exterior shower, and paved off-street parking. The property is located two blocks from the Seaside Heights beach and boardwalk, with public water and public sewer service. The sale includes security camera systems and established Airbnb and VRBO rental accounts. The property has an 11% cap rate and is operated as a short-term rental.
Key Highlights
- 1,428‑square‑foot duplex on a 0.08‑acre lot
- Two blocks from the Seaside Heights beach and boardwalk
- Renovated two‑unit property with furnished interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,899
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with furnished interiors, outdoor amenities, and off-street parking.
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: 1,428‑square‑foot duplex on a 0.08‑acre lot; Two blocks from the Seaside Heights beach and boardwalk; Renovated two‑unit property with furnished interiors
