Renovated Two-Family Beach
233 Sheridan Avenue Seaside Heights, NJ 08751
233 Sheridan Avenue, Seaside Heights, NJ, 08751
$750,000
For Sale
$750,000
MULTI_FAMILY - Seaside Heights, NJ
Property Size1,428 SF
Lot Size0.08 Acres
Price / SF$525.21
Days on Market48
Property Features for 233 Sheridan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- 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
- 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
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
48 Brick Blvd., Lavallette, NJ
Listed by
Kyle T Marcell · License #1540795
(732) 678-1328
Added: Jun 1 Checked: Jul 18 at 12:06 pm
MLS# 22616331
Listing URL
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 renovated two-family property is presented with a designer Nordic-coastal look throughout. Both units feature custom feature walls, white oak-style flooring, granite countertops, stainless steel appliances, and designer finishes with elegant gold accents. The home is offered fully furnished and set up to operate as a turnkey short-term rental, with security camera systems included. Outside, there is a spacious backyard with low-maintenance turf, a deck, an outdoor shower, and ample off-street parking.
Set in Seaside Heights, the property is described as being just two blocks from the beach and boardwalk, supporting a highly seasonal, visitor-driven rental lifestyle. The offering also includes established Airbnb and VRBO accounts and is supported by a history of repeat clientele.
For a buyer or operator seeking immediate operational continuity, this configuration offers an attractive entry point: two well-finished units, turnkey furnishings, and documented short-term rental infrastructure. The marketing materials describe the property as a proven income-producing asset with an impressive 11% cap rate, designed for a new owner to step in and begin generating revenue right away.
Set in Seaside Heights, the property is described as being just two blocks from the beach and boardwalk, supporting a highly seasonal, visitor-driven rental lifestyle. The offering also includes established Airbnb and VRBO accounts and is supported by a history of repeat clientele.
For a buyer or operator seeking immediate operational continuity, this configuration offers an attractive entry point: two well-finished units, turnkey furnishings, and documented short-term rental infrastructure. The marketing materials describe the property as a proven income-producing asset with an impressive 11% cap rate, designed for a new owner to step in and begin generating revenue right away.
Key Highlights
- Two‑family property built in 1940, designed with recessed lighting and vinyl flooring
- Both units feature granite countertops and stainless steel appliances
- Just two blocks from the Seaside Heights beach and boardwalk, with beach access and a boardwalk nearby (per remarks)
Local 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 | $36.5k | $25.56 |
| − Vacancy | −$2.4k | −$1.65 |
| EGI | $34.1k | $23.91 |
| − OpEx | −$10.2k | −$7.17 |
| NOI | $23.9k | $16.74 |
1,428 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Designer-renovated two-family home offered furnished and turnkey for short-term rental income, with a backyard, deck, outdoor shower, 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: Two‑family property built in 1940, designed with recessed lighting and vinyl flooring; Both units feature granite countertops and stainless steel appliances; Just two blocks from the Seaside Heights beach and boardwalk, with beach access and a boardwalk nearby (per remarks)
