Two-Home Residential Income
268 Fremont Avenue Seaside Heights, NJ 08751
268 Fremont Avenue, Seaside Heights, NJ, 08751
$989,000
For Sale
$989,000
Meticulously maintained duplex with two renovated homes, abundant off-street parking, and multiple interior amenities including gas fireplaces.
Property Size2,332 SF
Lot Size0.14 Acres
Price / SF$424.10
Days on Market84
Property Features for 268 Fremont Avenue
General Information
- Standard status
- Active
- Size
- 2,332 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1948
Listing agency
RE/MAX Select
Listed by
Sophia Vazac
(833) 740-1234
Source
Actionplusrealty
Added: May 1 Updated: Jul 22 at 6:31PM Checked: Jul 22 at 6:31PM
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 RE/MAX Select
Investment Insights
Based on property information with market context.
This residential income property features two beautifully renovated homes on an oversized 60' x 100' lot, with abundant off-street parking. The front cottage offers one bedroom and one bath, with an open layout, gas fireplace, dining area, and laundry.
The elevated main home provides three bedrooms and three full baths, along with an open-concept kitchen and living area featuring a gas fireplace. Additional improvements include an elevator and a full attic.
The configuration is further supported by finished ground-level entertaining space, a climate-controlled shed, and room for a pool. The property is situated just two short blocks from the bay, with an easy walk to the beach, restaurants, and attractions.
The elevated main home provides three bedrooms and three full baths, along with an open-concept kitchen and living area featuring a gas fireplace. Additional improvements include an elevator and a full attic.
The configuration is further supported by finished ground-level entertaining space, a climate-controlled shed, and room for a pool. The property is situated just two short blocks from the bay, with an easy walk to the beach, restaurants, and attractions.
Key Highlights
- Oversized 60' x 100' lot with abundant off‑street parking
- Two renovated homes: front cottage with 1 bed, 1 bath and open layout
- Elevated main home features 3 bedrooms and 3 full baths
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 | $59.6k | $25.56 |
| − Vacancy | −$3.9k | −$1.65 |
| EGI | $55.8k | $23.91 |
| − OpEx | −$16.7k | −$7.17 |
| NOI | $39.0k | $16.74 |
2,332 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$512.3K
$448.3K – $597.7K
NOI $35,861 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Meticulously maintained duplex with two renovated homes, abundant off-street parking, and multiple interior amenities including gas fireplaces.
Where is this duplex located?
The property is located at 268 Fremont Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Oversized 60' x 100' lot with abundant off‑street parking; Two renovated homes: front cottage with 1 bed, 1 bath and open layout; Elevated main home features 3 bedrooms and 3 full baths
