Four-Unit Quadplex Near the
For Sale
$999,999
41 Lincoln Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size1,872 SF
Lot Size0.05 Acres
Price / SF$534.19
Days on Market184
Property Features for 41 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi-Family
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 6
Parking features
On Street
Patio and Porch features
Deck, Patio
Exterior features
Deck, Lighting
Fencing
Fenced
Basement
Crawl Space
Lot features
Fenced Area, Level, Oceanside
Directions
Boulevard to Lincoln Ave - OCEANSIDE ABSOLUTE MONEY MAKER!!!
Subdivision
Seaside Heights
Standard status
Active
APN
27-00002-01-00041
Size
1,872 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8568
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Revolution
(732) 724-9018
Listed By:
Theresa B Breininger · License #8034030
(732) 724-9018
Added: Feb 18
Changed: Aug 7
Last Checked: Aug 21 at 6:06PM
MLS# 22604513
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.
Four-unit quadplex located at 41 Lincoln Avenue in Seaside Heights, NJ, built in 1940 with brick construction. The property includes decks and patio spaces, fenced outdoor areas, and exterior lighting. Interior features include ceramic tile flooring and baseboard heating. Cooling is provided via multi-unit A/C systems.
All four units are described as fully furnished and ready for a new owner, with televisions, appliances, linens, and silverware included. Parking is available on-street. Utilities include public water and public sewer. The roof is shingle.
The layout is configured for four separate units, with multiple bedrooms and bathrooms reflected in the room list across the building. Seller requested closing to take place any time after Labor Day.
All four units are described as fully furnished and ready for a new owner, with televisions, appliances, linens, and silverware included. Parking is available on-street. Utilities include public water and public sewer. The roof is shingle.
The layout is configured for four separate units, with multiple bedrooms and bathrooms reflected in the room list across the building. Seller requested closing to take place any time after Labor Day.
Key Highlights
- Four‑unit quadplex near the beach at 41 Lincoln Avenue, Seaside Heights, NJ 08751
- 0.05‑acre lot with brick exterior, shingle roof, and fenced outdoor areas
- Fully furnished: each unit includes TVs, A/C units, 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
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 - Brick-built quadplex in Seaside Heights offers four units and deck/patio amenities with public water and sewer.
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: Four‑unit quadplex near the beach at 41 Lincoln Avenue, Seaside Heights, NJ 08751; 0.05‑acre lot with brick exterior, shingle roof, and fenced outdoor areas; Fully furnished: each unit includes TVs, A/C units, appliances, linens, and silverware
