Duplex with Lower-Level
New
For Sale
$899,999
305 Hamilton Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size1,728 SF
Lot Size0.09 Acres
Price / SF$520.83
Days on Market1
Property Features for 305 Hamilton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking
3
Parking features
Off Street
Patio and Porch features
Deck
Exterior features
Deck
Fencing
Fenced
Directions
Rt 35 South to Hamilton Ave. Make a right turn, home is on the left approximately two blocks down.
Subdivision
Seaside Heights
Standard status
Active
APN
27-00028-0000-00005
Size
1,728 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9183
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard
Cooling system
Multi Units
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Wood
Roof type
Shingle
Listing Agency:
Childers Sotheby's Intl Realty
Listed By:
Francis P Larkin · License #1972136
(732) 793-4663
Added: Oct 10
Last Checked: Oct 10 at 1:06PM
MLS# 22632066
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.
Built in 1920, this 1,728-square-foot duplex contains two residences, each configured with two bedrooms and a full bath. The house has been raised and is described as flood compliant. A substantial area below the living space offers 7-foot ceilings and storage capacity. A deck and fenced yard add outdoor features to the property.
The 0.09-acre parcel includes off-street parking in the driveway or rear yard. Public sewer serves the property. Heating is provided by forced air and baseboard systems, with multiple cooling units.
The 0.09-acre parcel includes off-street parking in the driveway or rear yard. Public sewer serves the property. Heating is provided by forced air and baseboard systems, with multiple cooling units.
Key Highlights
- Two residences, each with two bedrooms and one full bath
- 1,728‑square‑foot building on a 0.09‑acre lot
- Raised house described as flood compliant
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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one full bath, with off-street parking and a deck serving the property.
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 $899,999.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one full bath; 1,728‑square‑foot building on a 0.09‑acre lot; Raised house described as flood compliant
