Four-Unit Furnished Income
For Sale
$999,999
41 Lincoln Avenue, Seaside Heights, NJ 08751
Four fully furnished units with TV, A/C, and included appliances and linens in a ready-to-own setup.
Property Size1,872 SF
Price / SF$534.19
Days on Market255
Property Features for 41 Lincoln Avenue
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-family
Additional Details
Furnished
Yes
Multifamily Units
4
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
RE/MAX Revolution
Listed By:
Theresa B Breininger
(833) 740-1234
Source:
Actionplusrealty
Added: Dec 9, 2025
Changed: Aug 21
Last Checked: Aug 21 at 10:54AM
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 RE/MAX Revolution
Investment Insights
Based on property information with market context.
This four-unit residential income property is presented as fully furnished and ready for a new owner. All four units come with televisions, A/C units, and included appliances, linens, silverware, and other items. The public remarks also note that three of the units have been completely remodeled.
The property is described as being steps to the beach and boardwalk, with nearby restaurants, and it is positioned amid ongoing construction in the town.
For serious qualified buyers, the seller is requesting closing to take place anytime after Labor Day. Income and rental information is available through the listing agent upon request.
The property is described as being steps to the beach and boardwalk, with nearby restaurants, and it is positioned amid ongoing construction in the town.
For serious qualified buyers, the seller is requesting closing to take place anytime after Labor Day. Income and rental information is available through the listing agent upon request.
Key Highlights
- 1940‑built four‑unit property
- All four units come completely furnished with TVs and A/C units
- Included in‑unit items: appliances, linens, and silverware
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,330
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,600
$626.6K
Cap Rate 7%
$447,571
$447.6K
Cap Rate 9%
$348,111
$348.1K
Market Conditions
NOI Build-Up for 1,872 SF
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.
Gross rent
$47.8K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$44.8K $23.91/SF
− OpEx
−$13.4K −$7.17/SF
NOI
$31.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,600
Cap Rate 7%
$447,571
Cap Rate 9%
$348,111
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.6K – $522.2K
NOI $31,330 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$488.8K
$427.7K – $570.3K
NOI $34,217 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully furnished units with TV, A/C, and included appliances and linens in a ready-to-own setup.
Where is this quadplex located?
The property is located at 41 Lincoln Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1940‑built four‑unit property; All four units come completely furnished with TVs and A/C units; Included in‑unit items: appliances, linens, and silverware
