Ocean Block Multifamily Earning
For Sale
$1,689,000
52 Kearney Avenue, Seaside Heights, NJ 08751
MULTI_FAMILY - Seaside Heights, NJ
Property Size5,000 SF
Lot Size0.26 Acres
Price / SF$337.80
Days on Market201
Property Features for 52 Kearney Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi-Use, Multi-Family
Bedrooms
11
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 11, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 7, Bedroom 3, Bedroom 9, Bedroom 10, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 5, Bathroom 6
Parking features
On Street, Alley, Paved or Surfaced
Patio and Porch features
Deck
Interior features
Attic - Pull Down Strs
Exterior features
Deck, Thermal Window, Beach Access, Screens, Lighting
Fencing
Fenced
Basement
Partially Finished, Crawl Space, Walk-Out Access
Lot features
Fenced Area, Oceanside
Directions
Located at the desirable Ocean Block North End of Seaside. #52 Kearney. GO TO THE DOCUMENTS TAB FOR THE P & L
Subdivision
Seaside Heights
Standard status
Active
APN
1111111111
Size
5,000 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units, Zoned
Water source
Public
Water front
1
Building Details
Floors in Building
2
Number of units
5
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 793-5200
Added: Jan 12
Changed: Jul 29
Last Checked: Aug 1 at 12:06AM
MLS# 22601030
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.
This multifamily property, located in the ocean block, features four rental units and a five-bedroom, two-bath unit. Off-street parking is available for six cars, and outside showers are included. The property is situated steps from the beach, boardwalk, rides, amusements, and shopping. It is located one hour from New York City, Atlantic City, and Philadelphia, off Parkway Exit 82. The property is situated on a 0.26-acre lot. The building size is approximately 5,000 square feet. The property has potential as an Airbnb-style rental, with projected earnings exceeding $300,000 per year. The property is located in Seaside Heights, New Jersey.
Key Highlights
- Beach access with ocean‑block proximity (steps from the beach, per remarks)
- Zoned cooling with multi‑unit setup; baseboard heating
- Outside showers and deck, plus thermal windows and screens
Financial Insights For Apartment 5plus
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 | $150.0k | $30.00 |
| − Vacancy | −$10.2k | −$2.04 |
| EGI | $139.8k | $27.96 |
| − OpEx | −$62.9k | −$12.58 |
| NOI | $76.9k | $15.38 |
5,000 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,890 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
573
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Steps from the beach, potential for high rental income.
Where is this apartment building located?
The property is located at 52 Kearney Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: Beach access with ocean‑block proximity (steps from the beach, per remarks); Zoned cooling with multi‑unit setup; baseboard heating; Outside showers and deck, plus thermal windows and screens
