Beach-Block Duplex with Ocean
New
For Sale
$1,450,000
57 Blaine Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size2,464 SF
Lot Size0.09 Acres
Price / SF$588.47
Days on Market1
Property Features for 57 Blaine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 4
Parking features
On Street
Exterior features
Board Walk, Ocean View
Basement
Crawl Space
Lot features
Ocean Block, Oceanside
View
Water
Directions
exit 82 off GSP towards Seaside Heights
Subdivision
Seaside Heights
Standard status
Active
APN
27-00007-01-00057
Size
2,464 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10791
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Multi Units, Central Air
Water source
Public
Water front
1
Building Details
Year built
1946
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
Shingle Siding
Roof type
Shingle
Listing Agency:
Van Dyk Group
Listed By:
Alyson Scudiero
(609) 597-1988
Added: Sep 8
Last Checked: Sep 8 at 4:06PM
MLS# 22628121
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 duplex at 57 Blaine Avenue in Seaside Heights contains 2,464 square feet arranged as two residential units. Each unit includes 4 bedrooms and 2 full baths, creating a combined total of 8 bedrooms and 4 bathrooms. The property was built in 1946 and features shingle siding, a shingle roof, ceramic tile and vinyl flooring, forced-air heating, and central air with multiple cooling units.
Set on a 0.09-acre lot, the property offers an ocean view and sits in the beach-block area near the sand and boardwalk. Public water and public sewer serve the property, while parking is provided on the street. Its two-unit layout supports separate residential occupancy within a coastal setting.
Set on a 0.09-acre lot, the property offers an ocean view and sits in the beach-block area near the sand and boardwalk. Public water and public sewer serve the property, while parking is provided on the street. Its two-unit layout supports separate residential occupancy within a coastal setting.
Key Highlights
- Duplex with 2,464 square feet
- Two units, each with 4 bedrooms and 2 full baths
- Combined layout includes 8 bedrooms and 4 bathrooms
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide four bedrooms and two full baths apiece near the sand 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: Duplex with 2,464 square feet; Two units, each with 4 bedrooms and 2 full baths; Combined layout includes 8 bedrooms and 4 bathrooms
