12 Walton Place Ocean City, NJ 08226
Estimated payment $6,334/month
About This Home
Multi-Unit Opportunity in Ocean City's Bay Area! Welcome to 2 Walton Place—a rare 3-unit property in the heart of Ocean City’s sought-after bay area! This unique offering features a front duplex and a detached rear cottage, all on a spacious 120x25 ft lot. The front building offers two well-maintained units: Unit A (First Floor): 1 bedroom, 1 full bathroom Unit B (Second Floor): 2 bedrooms, 1 full bathroom Tucked behind the main building, the detached cottage is full of charm and coastal whimsy, offering 2 bedrooms and 1 full bathroom—perfect for summer guests, extended family, or rental income. Enjoy the privacy and character of the central courtyard, perfect for outdoor dining or relaxing after a beach day. The spacious front yard adds curb appeal and room to play, while 2 off-street parking spots complete this investment package. Just a short walk to the bay, beach, boardwalk, and downtown, this is a versatile property with endless potential—ideal for investors or a multi-generational beach retreat!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,961
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 25 x 120
Home Design
- Triplex
- Cedar Siding
Parking
- 2 Parking Spaces
- Stone Driveway
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Natural Gas
- Separate Meters
- Gas Water Heater
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,961 | $263,900 | $216,000 | $47,900 |
| 2023 | $2,826 | $263,900 | $216,000 | $47,900 |
| 2022 | $2,716 | $263,900 | $216,000 | $47,900 |
| 2021 | $1,967 | $263,900 | $216,000 | $47,900 |
| 2020 | $2,581 | $263,900 | $216,000 | $47,900 |
| 2019 | $2,552 | $263,900 | $216,000 | $47,900 |
| 2018 | $2,528 | $263,900 | $216,000 | $47,900 |
| 2017 | $2,489 | $263,900 | $216,000 | $47,900 |
| 2016 | $2,394 | $263,900 | $216,000 | $47,900 |
| 2015 | $2,362 | $263,900 | $216,000 | $47,900 |
| 2014 | $2,328 | $263,900 | $216,000 | $47,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $1,100,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $119,000 | -- | |
| Deed | $105,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Credit Line Revolving | |
| Closed | $95,200 | No Value Available |
Source: South Jersey Shore Regional MLS
MLS Number: 598618
APN: 08-01010-0000-00007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
- 10 E 11th St Unit 2
- 112 W 10th St
- 1013 Simpson Ave Unit 1
- 1013 Simpson Ave Unit 1013 - First Floor
- 108 E 11th St
- 1130 Simpson Ave Unit 1
- 1208 Pleasure Ave
- 1227 Pleasure Ave Unit 2
- 934 Haven Ave
- 1100 West Ave Unit A
- 1243 Bay Ave
- 1107 West Ave
- 1129 West Ave Unit 1
- 30 W 8th St Unit A
- 1116 Asbury Ave Unit B
- 1116 Asbury Ave Unit C
- 818 Aldrich Rd Unit 2nd Floor
- 1061 Asbury Ave
- 802 Coolidge Rd Unit 2
- 412 E 11th St Unit 2
- 16 W 11th St
- 934 Haven Ave
- 943 Asbury Ave
- 941 Asbury Ave
- 1335 Simpson Ave Unit 1
- 1335 Simpson Ave
- 1301 West Ave
- 935 Ocean Ave
- 1527 Bay Ave Unit B
- 629 Central Ave
- 13 W 7th St
- 625 Ocean Ave
- 433 West Ave Unit 1
- 401 Bayfront
- 321 Wesley Ave Unit 3
- 108 1st St Unit 2
- 857 Saint Charles Place
- 111 W Inlet Rd
- 148 Bay Rd
- 118 Pinnacle Rd