Two-Unit Duplex with
For Sale
$899,999
305 Hamilton Ave, Seaside Heights, NJ 08751
Raised, flood-compliant duplex with flexible rental or owner-occupancy potential and off-street parking.
Property Size1,728 SF
Price / SF$520.83
Days on Market55
Property Features for 305 Hamilton Ave
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Childers Sotheby's Intl Realty
Listed By:
Francis P Larkin · License #1972136
(732) 793-4663
Source:
Mynewjerseyrealestate
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 16 at 1:45PM
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
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Investment Insights
Based on property information with market context.
This 1,728-square-foot duplex contains two residential units, each with two bedrooms and one full bathroom. The property was built in 1920 and has been raised for flood compliance. A substantial area beneath the home offers 7-foot ceilings and storage capacity, while the driveway and rear yard provide off-street parking.
The oversized lot includes an unused portion that may warrant further review for a possible third unit. Buyers should conduct their own due diligence with the Borough regarding that possibility. The existing configuration supports weekly summer rentals, winter rentals, year-round rentals, or owner occupancy, subject to applicable requirements.
The oversized lot includes an unused portion that may warrant further review for a possible third unit. Buyers should conduct their own due diligence with the Borough regarding that possibility. The existing configuration supports weekly summer rentals, winter rentals, year-round rentals, or owner occupancy, subject to applicable requirements.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- 1,728 SF duplex built in 1920
- Raised structure with flood‑compliant improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,920
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,400
$578.4K
Cap Rate 7%
$413,143
$413.1K
Cap Rate 9%
$321,333
$321.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.2K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.3K $23.91/SF
− OpEx
−$12.4K −$7.17/SF
NOI
$28.9K $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%
$578,400
Cap Rate 7%
$413,143
Cap Rate 9%
$321,333
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.5K – $482.0K
NOI $28,920 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$379.6K
$332.2K – $442.9K
NOI $26,573 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$451.2K
$394.8K – $526.4K
NOI $31,585 @ 7.0% cap · market cap 3.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
640
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 - Raised, flood-compliant duplex with flexible rental or owner-occupancy potential and off-street parking.
Where is this duplex located?
The property is located at 305 Hamilton Ave Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; 1,728 SF duplex built in 1920; Raised structure with flood‑compliant improvements
