Ocean-Block Duplex with Private
New
For Sale
$750,000
39 Franklin Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size1,312 SF
Lot Size0.04 Acres
Price / SF$571.65
Days on Market5
Property Features for 39 Franklin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 1
Parking features
On Street
Patio and Porch features
Deck, Patio
Exterior features
Deck
Fencing
Fenced
Directions
Ocean to Franklin
Subdivision
Seaside Heights
Standard status
Active
APN
27-00003-01-00039
Size
1,312 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8400
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic
Roof type
Shingle
Listing Agency:
Weichert Realtors-Sea Girt
(732) 974-1000
Listed By:
Patricia Johnson
(732) 974-1000
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 11:06PM
MLS# 22623135
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.
Ocean block duplex at 39 Franklin Avenue with two year-round units. Each unit is configured with two bedrooms and one full bath, and both gas heat and central air are separately metered. The property includes a covered front porch, ceramic tile and engineered flooring, and a newer roof.
Interior finishes include newer kitchens with tiled flooring and backsplash, along with stainless appliances. Outdoor space is highlighted by a large deck and a private, zen-like sitting area in the backyard, plus a patio and fenced yard for added privacy.
Built in 1940, the home is served by public water and public sewer. Parking is available on street, with a shingle roof and forced air heating and central air cooling throughout. Ideal for either an owner-occupant setup or a two-unit income approach.
Interior finishes include newer kitchens with tiled flooring and backsplash, along with stainless appliances. Outdoor space is highlighted by a large deck and a private, zen-like sitting area in the backyard, plus a patio and fenced yard for added privacy.
Built in 1940, the home is served by public water and public sewer. Parking is available on street, with a shingle roof and forced air heating and central air cooling throughout. Ideal for either an owner-occupant setup or a two-unit income approach.
Key Highlights
- Two year‑round units with two bedrooms and one full bath each
- Gas heat and central air separately metered for each unit
- Large deck plus private backyard sitting area, patio, and fenced yard
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 | $33.5k | $25.56 |
| − Vacancy | −$2.2k | −$1.65 |
| EGI | $31.4k | $23.91 |
| − OpEx | −$9.4k | −$7.17 |
| NOI | $22.0k | $16.74 |
1,312 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.7K
$274.5K – $366.0K
NOI $21,958 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 3.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
591
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ocean block two-unit duplex features separately metered gas heat and central air, plus a large deck and fenced yard.
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 $750,000.
What are key features of this property?
This property features: Two year‑round units with two bedrooms and one full bath each; Gas heat and central air separately metered for each unit; Large deck plus private backyard sitting area, patio, and fenced yard
