Two-Unit Duplex with Fenced
For Sale
$725,000
39 Franklin Avenue, Seaside Heights, NJ 08751
Two residences have separate gas heat and central air metering, with outdoor space at the front and rear.
Property Size1,312 SF
Price / SF$552.59
Days on Market92
Property Features for 39 Franklin Avenue
General Information
Standard status
Active
Size
1,312 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$8,400
Amenities
covered front porch
deck
private sitting area
patio
fenced yard
Deck
Building Details
Building Size
1,312 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Weichert Realtors-Sea Girt
Listed By:
Patricia Johnson
(732) 974-1000
Source:
Delvirginiarealtors
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 26 at 3:44AM
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 Weichert Realtors-Sea Girt
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this two-family home contains two residences, each with two bedrooms and one full bath. Both have gas heat and central air with separate meters. Interior finishes include ceramic tile and engineered flooring; the kitchens have tiled floors, tiled backsplashes, and stainless steel appliances. The property also includes a covered front porch, a large deck, a backyard sitting area, a patio, and a fenced yard. A newer roof is noted.
The home is on the ocean block and near Lucky Leo’s, Klee’s Restaurant, and the Sawmill. The owner occupies the upper residence, and rental history is available upon request.
The home is on the ocean block and near Lucky Leo’s, Klee’s Restaurant, and the Sawmill. The owner occupies the upper residence, and rental history is available upon request.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- Separate meters for gas heat and central air in each residence
- Covered front porch, large deck, patio, and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,958
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,160
$439.2K
Cap Rate 7%
$313,686
$313.7K
Cap Rate 9%
$243,978
$244.0K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$33.5K $25.56/SF
− Vacancy
−$2.2K −$1.65/SF
EGI
$31.4K $23.91/SF
− OpEx
−$9.4K −$7.17/SF
NOI
$22.0K $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%
$439,160
Cap Rate 7%
$313,686
Cap Rate 9%
$243,978
Alternative Uses
Best Use
Multifamily LT 5
$313.7K
$274.5K – $366.0K
NOI $21,958 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 3.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate gas heat and central air metering, with outdoor space at the front and rear.
Where is this duplex located?
The property is located at 39 Franklin Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; Separate meters for gas heat and central air in each residence; Covered front porch, large deck, patio, and fenced backyard
