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Renovated Triplex with Unit Mix
For Sale
$694,000

240 Sherman Avenue #Front, Seaside Heights, NJ 08751

Three year-round leased residences offer updated interiors, private storage, and shared laundry equipment.

Property Size768 SF
Price / SF$903.65
Days on Market12

Property Features for 240 Sherman Avenue #Front

General Information

Standard status Active
Size 768 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Amenities

coin-operated washer and dryer
dedicated storage

Building Details

Year Built 1946
Listing Agency: Realty MarkCentral
Listed By: Dilip Luthra · License #41386
Source: Trompeterrealestate
Added: Sep 16 Changed: Sep 21 Last Checked: Sep 26 at 4:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty MarkCentral

Investment Insights

Based on property information with market context.

Built in 1946, this renovated triplex contains two front one-bedroom, one-bath residences and a rear two-bedroom, one-bath home. Interior improvements include new flooring, white cabinetry, stainless steel appliances, tankless water heaters, recessed lighting, ceiling fans, stand-up shower enclosures, and energy-efficient heating and cooling systems. Each unit also has dedicated storage, while coin-operated laundry equipment serves the property.

All three residences are rented year-round. The configuration includes two smaller units and one larger home, supporting multiple occupancy arrangements within a single multifamily asset. The property is in Seaside Heights, near beaches, the boardwalk, local attractions, and restaurants.

Key Highlights

  • Three‑unit multifamily property with two 1‑bedroom units and one 2‑bedroom unit
  • All three residences are leased year‑round
  • Renovated interiors with new flooring, cabinetry, and stainless steel appliances

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Nail Salon Electrical Service Auto Parts Store Auto Repair Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three year-round leased residences offer updated interiors, private storage, and shared laundry equipment.
Where is this triplex located?
The property is located at 240 Sherman Avenue #Front Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $694,000.
What are key features of this property?
This property features: Three‑unit multifamily property with two 1‑bedroom units and one 2‑bedroom unit; All three residences are leased year‑round; Renovated interiors with new flooring, cabinetry, and stainless steel appliances
More about this property
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