Raised Two-Unit Residential
305 Hamilton Avenue Seaside Heights, NJ 08751
For Sale
$949,000
Two-bedroom, full-bath duplex with flood compliance and off-street parking, plus a large storage area beneath the home.
Property Size1,728 SF
Price / SF$549.19
Days on Market311
Property Features for 305 Hamilton Avenue
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1920
Listing Agency:
Childers Sotheby's Intl Realty
(732) 793-4663
Listed By:
Francis P Larkin · License #1972136
(732) 793-4663
Source:
Compass
Added: Sep 17, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:54AM
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 Childers Sotheby's Intl Realty
Investment Insights
Based on property information with market context.
This raised two-unit residential property features two well-designed units, each with two bedrooms and a full bath. The home has been recently raised and is described as flood compliant. Beneath the home, there is a large storage area with 7-foot ceilings that could support a variety of storage and operational uses.
The property offers off-street parking in the driveway or rear yard. The oversized lot also includes an unused portion, which the seller notes may present an opportunity to build an additional third unit, subject to Borough approval and due diligence.
Each unit is configured as a two-bedroom, one full bath layout, supported by the raised structure and under-home storage space.
The property offers off-street parking in the driveway or rear yard. The oversized lot also includes an unused portion, which the seller notes may present an opportunity to build an additional third unit, subject to Borough approval and due diligence.
Each unit is configured as a two-bedroom, one full bath layout, supported by the raised structure and under-home storage space.
Key Highlights
- Two 2‑bedroom, 1 full‑bath units in a 2‑level duplex
- Recently raised and flood compliant
- Large storage area beneath the home with 7‑foot ceilings
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 | $44.2k | $25.56 |
| − Vacancy | −$2.9k | −$1.65 |
| EGI | $41.3k | $23.91 |
| − OpEx | −$12.4k | −$7.17 |
| NOI | $28.9k | $16.74 |
1,728 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.5K – $482.0K
NOI $28,920 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$379.6K
$332.2K – $442.9K
NOI $26,573 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$451.2K
$394.8K – $526.4K
NOI $31,585 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom, full-bath duplex with flood compliance and off-street parking, plus a large storage area beneath the home.
Where is this duplex located?
The property is located at 305 Hamilton Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1 full‑bath units in a 2‑level duplex; Recently raised and flood compliant; Large storage area beneath the home with 7‑foot ceilings
