Two-Family Residential Income
614 Bay Boulevard Seaside Heights, NJ 08751
614 Bay Boulevard, Seaside Heights, NJ, 08751
$789,900
Pending
For Sale
$789,900
Pending
Well-maintained two-family home offering two 2-bedroom units, a paver patio, enclosed backyard, and parking for three vehicles.
Property Size1,910 SF
Days on Market41
Property Features for 614 Bay Boulevard
General Information
- Standard status
- Pending
- Size
- 1,910 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
RE/MAX Revolution
(732) 678-1328
Listed by
Justin Bosak · License #0449068
(732) 678-1328
Source
Compass
Added: Jun 12 Updated: Jul 22 at 2:52AM Checked: Jul 22 at 2:52AM
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 RE/MAX Revolution
Investment Insights
Based on property information with market context.
Well-maintained two-family home offering approximately 1,900 sq. ft. of versatile living space split into two separate 2-bedroom units with 1 bath each, for a total of 4 bedrooms and 2 baths. The upper unit has been recently renovated and features bay views. Outside, the property includes a spacious paver patio backyard fully enclosed with durable vinyl fencing for privacy. Off-street parking is available for three vehicles, with additional parking located across the street.
The home is situated on the quiet bay side of town directly across from Sunset Beach, providing convenient access to waterfront recreation and Shore activities.
The property is presented as a two-unit residential income asset with one unit recently renovated and both units configured as 2-bedroom, 1-bath layouts.
The home is situated on the quiet bay side of town directly across from Sunset Beach, providing convenient access to waterfront recreation and Shore activities.
The property is presented as a two-unit residential income asset with one unit recently renovated and both units configured as 2-bedroom, 1-bath layouts.
Key Highlights
- Well‑maintained 2‑family home with 1,900 sq. ft. total living space
- Two 2‑bedroom units (4 bedrooms total) with 2 full baths total—2 baths per building/each unit has 1 bath
- Recently renovated upper unit with bay views
Local Financial Insights For Multifamily LT 5
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 | $48.8k | $25.56 |
| − Vacancy | −$3.2k | −$1.65 |
| EGI | $45.7k | $23.91 |
| − OpEx | −$13.7k | −$7.17 |
| NOI | $32.0k | $16.74 |
1,910 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.7K
$399.6K – $532.8K
NOI $31,966 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$419.6K
$367.2K – $489.5K
NOI $29,372 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$498.7K
$436.4K – $581.9K
NOI $34,912 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home offering two 2-bedroom units, a paver patio, enclosed backyard, and parking for three vehicles.
Where is this duplex located?
The property is located at 614 Bay Boulevard Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Well‑maintained 2‑family home with 1,900 sq. ft. total living space; Two 2‑bedroom units (4 bedrooms total) with 2 full baths total—2 baths per building/each unit has 1 bath; Recently renovated upper unit with bay views
