Ocean-Block Duplex with
39 Franklin Avenue, Seaside Heights, NJ 08751
For Sale
$725,000
Multi-Family, Seaside Heights, NJ
Property Size1,312 SF
Lot Size0.04 Acres
Price / SF$552.59
Days on Market103
Property Features for 39 Franklin Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
covered front porch
ceramic tile
engineered flooring
stainless appliances
gas heat
central air
large deck
private zen-like sitting area
patio
fenced yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Weichert Realtors-Sea Girt
Listed By:
Patricia Johnson
(732) 974-1000
Added: Jul 27
Changed: Nov 2
Last Checked: Nov 6 at 8:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,312-square-foot duplex contains two residential units, each configured with 2 bedrooms and 1 full bath. Both units have gas heat and central air with separate metering. Interior features include ceramic tile, engineered flooring, updated kitchens with tiled floors and backsplashes, and stainless appliances. The property also has a newer roof, a covered front porch, deck, patio, and fenced backyard with a private sitting area.
Built in 1940 on a 0.04-acre lot, the property is located on Franklin Avenue in Seaside Heights, within the ocean block. Public water and public sewer serve the property, while parking is available on street. Lucky Leo’s, Klees Restaurant, and the Sawmill are identified nearby. The duplex offers a two-unit layout with separate mechanical metering and outdoor areas for each occupants’ use.
Built in 1940 on a 0.04-acre lot, the property is located on Franklin Avenue in Seaside Heights, within the ocean block. Public water and public sewer serve the property, while parking is available on street. Lucky Leo’s, Klees Restaurant, and the Sawmill are identified nearby. The duplex offers a two-unit layout with separate mechanical metering and outdoor areas for each occupants’ use.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,312 square feet on a 0.04‑acre lot
- Separate metering for gas heat and central air in each unit
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
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
$583,000
Median Home Value
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Market
Average Price Trend$/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 separately metered units offer gas heat, central air, and flexible ownership or rental use.
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 units, each with 2 bedrooms and 1 full bath; 1,312 square feet on a 0.04‑acre lot; Separate metering for gas heat and central air in each unit
