Four-Unit Residential Income
For Sale
$849,000
610 Barnegat Avenue Unit 4, Seaside Heights, NJ 08751
Four-family property with coin-op washer and dryer onsite and separately metered gas and electric for each unit.
Property Size2,310 SF
Price / SF$367.53
Days on Market174
Property Features for 610 Barnegat Avenue Unit 4
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Amenities
coin-op washer and dryer
Building Details
Tenancy
Multi
Listing Agency:
Seaside Heights Realty Inc.
Listed By:
Michael Loundy
(833) 740-1234
Source:
Actionplusrealty
Added: Feb 18
Changed: Aug 11
Last Checked: Aug 11 at 9:52AM
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 Seaside Heights Realty Inc.
Investment Insights
Based on property information with market context.
This four-family residential income property is set up with a mix of one-bedroom units and studio units. Coin-op washer and dryer are available onsite, and all units are separately metered for gas and electric.
The property is located at 610 Barnegat Avenue, Unit 4, Seaside Heights, NJ 08751, with the beach, boardwalk, rides, restaurants, and shopping described as within walking distance. The remaining offering details note that existing tenants could remain if the buyer chooses to continue current occupancy.
The property is presented as an income-producing opportunity with seasonally structured rental income described in the remarks, along with financing availability to qualified buyers.
The property is located at 610 Barnegat Avenue, Unit 4, Seaside Heights, NJ 08751, with the beach, boardwalk, rides, restaurants, and shopping described as within walking distance. The remaining offering details note that existing tenants could remain if the buyer chooses to continue current occupancy.
The property is presented as an income-producing opportunity with seasonally structured rental income described in the remarks, along with financing availability to qualified buyers.
Key Highlights
- Four‑family property with coin‑op washer and dryer onsite
- Units feature separately metered gas and electric for each unit
- Unit mix includes 1‑bedroom and studio units
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
$38,661
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
4.55%
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%
$773,220
$773.2K
Cap Rate 7%
$552,300
$552.3K
Cap Rate 9%
$429,567
$429.6K
Market Conditions
NOI Build-Up for 2,310 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
$59.0K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$55.2K $23.91/SF
− OpEx
−$16.6K −$7.17/SF
NOI
$38.7K $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%
$773,220
Cap Rate 7%
$552,300
Cap Rate 9%
$429,567
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.4K
NOI $38,661 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$507.5K
$444.0K – $592.1K
NOI $35,523 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$603.2K
$527.8K – $703.7K
NOI $42,223 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
640
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-family property with coin-op washer and dryer onsite and separately metered gas and electric for each unit.
Where is this quadplex located?
The property is located at 610 Barnegat Avenue Unit 4 Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four‑family property with coin‑op washer and dryer onsite; Units feature separately metered gas and electric for each unit; Unit mix includes 1‑bedroom and studio units
