306 Route 37 E, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
- Added:
- May 11, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 7 at 8:06 am
Property Features for 306 Route 37 E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Basement, Bathroom 4
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 08-01068-0000-00048
- Size
- 2,160 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9090
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Roof type
- Shingle
Listing agent George Fouad (732) 786-3838
Listing office Roman Balandin Realty LLC 198 US 9 Ste 102, Manalapan, NJ (732) 786-3838
Listing date May 11, 2026
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.
HighLights
- Jersey Shore duplex built in 1986 with two 2‑bedroom, 1.5‑bath residences
- Separate private entrances for each unit
- Deck plus ceramic tile flooring throughout
- Central air cooling and forced‑air heating
- Public water and public sewer
- Roof is shingle; includes off‑street parking
Overview
Located in Seaside Heights, the property is positioned near local shopping, dining, and the beach/boardwalk area. The listing notes a private Pelican Island beach location approximately two blocks away, providing a straightforward coastal connection for residents.
The unit mix and private entrances make this property practical for a range of buyers, including those seeking flexibility to live in one residence while renting the other, as well as those looking to operate a two-unit residential income property. With two self-contained homes under one roof and accessible parking, the layout is designed to reduce friction between occupants and support straightforward management.
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 | $55.2k | $25.56 |
| − Vacancy | −$3.6k | −$1.65 |
| EGI | $51.6k | $23.91 |
| − OpEx | −$15.5k | −$7.17 |
| NOI | $36.2k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seaside Heights
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.089643
- Latitude
- 39.943239
