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51 Franklin Avenue, Seaside Heights, NJ, 08751

8beds
5baths
1,557sqft
$960,000
$617price/sqft
$6,468/moest. monthly cost
$258,720/yrincome needed

About This Home

Beach Block 4-Family - Prime Jersey Shore Investment! Own a piece of the Jersey Shore with this beautifully recently renovated 4-family property, ideally located just steps to the beach and boardwalk. This turn-key opportunity offers the perfect blend of coastal living and strong income potential. Each unit has been thoughtfully updated, featuring modern finishes, bright interiors, and a clean, inviting coastal feel. Whether you're looking to expand your portfolio or enjoy a personal getaway while generating income, this property checks all the boxes. Great investment opportunity with multiple income streams Beach block location - highly desirable for seasonal and year-round rentals Turn-key condition - recently renovated and ready to go Ideal for investors or owner-occupants

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

4/10
3/10

Construction

Condition

  • Year built: 1940

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Recessed Lighting
  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Multi Units

Interior Area

  • Total structure area: 1,557
  • Total interior livable area: 1,557 sqft

Property

Details

  • Parcel number: 27000030100051
  • Zoning description: Residential

Features

  • Stories: 2
  • Has view: Yes
  • View description: Ocean
  • Has water view: Yes
  • Water view: Ocean
  • On waterfront: Yes
  • Waterfront features: Beach Front

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 100

Parking

  • Parking features: On Street,None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Coastal Flooding
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,854$58,248
Home Insurance *$285$3,420
Property Taxes $1,136$13,632
Electricity $193$2,318
Total$6,468$77,616
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$221,760/yr
40% on housing$194,040/yr
45% on housing$172,480/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$617This listing

vs Other Active Listings

Avg $/sqft

ZIP 08751$439
Ocean County$353

vs Homes Sold Last Month

Median $/sqft

ZIP 08751$485
Ocean County$302

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Listed for sale$960,000
2023-10-06Sold$730,000
2023-08-21Pending sale$799,900
2023-07-02Listed for sale$799,900
2002-02-06Sold$165,000
2000-01-04Sold$110,000

For Sale by Agent

AgentAlyson Scudiero
BrokerageVan Dyk Group

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