Two-Unit Duplex with
For Sale
$725,000
39 Franklin Avenue, Seaside Heights, NJ 08751
Residential, Duplex, Seaside Heights, NJ
Property Size1,312 SF
Lot Size0.05 Acres
Price / SF$552.59
Days on Market98
Property Features for 39 Franklin Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3
Parking features
On Street
Patio and Porch features
Porch, Patio, Deck
Fencing
Fenced
Lot features
Ocean Block
Directions
Ocean to Franklin Ave
Subdivision
Seaside Heights
Standard status
Active
APN
27-00003-01-00039
Size
1,312 SF
Lot size
0.05 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8400
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
deck
patio
fenced yard
Building Details
Year built
1940
Floors in Building
2
Flooring type
Tile - Ceramic, Engineered
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Weichert Realtors-Sea Girt
Listed By:
Patricia Johnson
(732) 974-1000
Added: Jul 28
Changed: Oct 26
Last Checked: Nov 2 at 4:06AM
MLS# 22622924
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 was built in 1940 and contains two residences, each with two bedrooms, one full bathroom, gas forced-air heat, and central air. Separate meters serve the units. Interior features include ceramic tile and engineered flooring, while both kitchens have been updated with tiled floors, backsplashes, and stainless appliances. The property also includes a newer roof, covered front porch, large deck, patio, and a fenced backyard with a private sitting area.
Set on 0.05 acres in Seaside Heights, the property is on the ocean block and near Lucky Leo's, Klees Restaurant, and the Sawmill. Public water and public sewer serve the building, and parking is available on the street. The upper unit is owner-occupied, and rental history is available on request.
Set on 0.05 acres in Seaside Heights, the property is on the ocean block and near Lucky Leo's, Klees Restaurant, and the Sawmill. Public water and public sewer serve the building, and parking is available on the street. The upper unit is owner-occupied, and rental history is available on request.
Key Highlights
- Two‑unit duplex with 1,312 square feet on a 0.05‑acre lot
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate metering for gas heat and central air
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Ocean-block property with updated kitchens, separate utility metering, and outdoor entertaining areas.
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‑unit duplex with 1,312 square feet on a 0.05‑acre lot; Each unit includes 2 bedrooms and 1 full bathroom; Separate metering for gas heat and central air
