Beach-Block
New
For Sale
$1,450,000
57 Blaine Avenue, Seaside Heights, NJ 08751
Two residential units provide flexible ownership and rental use near the beach and boardwalk.
Property Size2,464 SF
Price / SF$588.47
Days on Market5
Property Features for 57 Blaine Avenue
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1946
Listing Agency:
Van Dyk Group
Listed By:
Alyson Scudiero
(833) 740-1234
Source:
Actionplusrealty
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 10 at 2:41PM
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 Van Dyk Group
Investment Insights
Based on property information with market context.
This 1946-built duplex contains two residential units, each with four bedrooms and two full bathrooms. Together, the property provides eight bedrooms and four full bathrooms within a two-family configuration. The layout supports separate household use while retaining the flexibility associated with a multi-unit property.
The property is located on Blaine Avenue in Seaside Heights, within the beach block and near the sand, beach, and boardwalk. Its shore-area setting places both units in a coastal residential environment suited to ownership, extended-family use, or rental occupancy, as supported by the two-unit design.
The property is located on Blaine Avenue in Seaside Heights, within the beach block and near the sand, beach, and boardwalk. Its shore-area setting places both units in a coastal residential environment suited to ownership, extended-family use, or rental occupancy, as supported by the two-unit design.
Key Highlights
- Two‑family duplex with 8 bedrooms and 4 full baths overall
- Each unit includes 4 bedrooms and 2 full baths
- Beach‑block setting near the sand, beach, and boardwalk
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
$41,238
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
2.84%
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%
$824,760
$824.8K
Cap Rate 7%
$589,114
$589.1K
Cap Rate 9%
$458,200
$458.2K
Market Conditions
NOI Build-Up for 2,464 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
$63.0K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$58.9K $23.91/SF
− OpEx
−$17.7K −$7.17/SF
NOI
$41.2K $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%
$824,760
Cap Rate 7%
$589,114
Cap Rate 9%
$458,200
Alternative Uses
Best Use
Multifamily LT 5
$589.1K
$515.5K – $687.3K
NOI $41,238 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$541.3K
$473.6K – $631.5K
NOI $37,891 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$643.4K
$563.0K – $750.6K
NOI $45,038 @ 7.0% cap · market cap 3.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
634
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide flexible ownership and rental use near the beach and boardwalk.
Where is this duplex located?
The property is located at 57 Blaine Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two‑family duplex with 8 bedrooms and 4 full baths overall; Each unit includes 4 bedrooms and 2 full baths; Beach‑block setting near the sand, beach, and boardwalk
