Updated Duplex with
New
For Sale
$849,999
306 Route 37, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size2,160 SF
Lot Size0.14 Acres
Price / SF$393.52
Days on Market2
Property Features for 306 Route 37
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1
Parking features
Off Street
Patio and Porch features
Deck
Exterior features
Deck
Basement
Crawl Space
Directions
Take Route 37 West, just east of the bridge, to 306 Route 37, Seaside Heights, NJ 08751.
Subdivision
Seaside Heights
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
Amenities
off-street parking
private beach access
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile - Ceramic
Buildings
1
Listing Agency:
EXP Realty
Listed By:
Aaron Gottesman
(866) 201-6210
Added: Nov 5
Last Checked: Nov 6 at 12:06PM
MLS# 22635026
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,160 square feet across two matching units, each configured with two bedrooms and 1.5 bathrooms. Both residences have been updated, with open-concept living areas and wood and ceramic tile flooring. Central air, forced-air heat, decks, and off-street parking serve the property. The site totals 0.14 acres, and the building dates to 1986.
The property is in Seaside Heights, with beaches, the boardwalk, retail, dining, and major highways described as nearby. A private Pelican Island beach is two blocks away. Public water and public sewer serve the property.
The property is in Seaside Heights, with beaches, the boardwalk, retail, dining, and major highways described as nearby. A private Pelican Island beach is two blocks away. Public water and public sewer serve the property.
Key Highlights
- Two matching units, each with 2 bedrooms and 1.5 bathrooms
- 2,160 square feet on a 0.14‑acre lot
- Updated interiors with open‑concept living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,150
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,000
$723.0K
Cap Rate 7%
$516,429
$516.4K
Cap Rate 9%
$401,667
$401.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$55.2K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$51.6K $23.91/SF
− OpEx
−$15.5K −$7.17/SF
NOI
$36.2K $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%
$723,000
Cap Rate 7%
$516,429
Cap Rate 9%
$401,667
Alternative Uses
Best Use
Multifamily LT 5
$516.4K
$451.9K – $602.5K
NOI $36,150 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$564.0K
$493.5K – $658.0K
NOI $39,481 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
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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
$583,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Seaside Heights, NJ
Properties on Market for Duplexes in Seaside Heights
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private outdoor space and off-street parking.
Where is this duplex located?
The property is located at 306 Route 37 Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms and 1.5 bathrooms; 2,160 square feet on a 0.14‑acre lot; Updated interiors with open‑concept living areas
