$1,700,000

Estimated payment $10,376/month

Total Views 2,211
8 Beds
7 Baths
3,815 Sq Ft
$446 Price per Sq Ft

Highlights

  • Attic
  • Cooling Available
  • 2-minute walk to Ocean Grove Park
  • Balcony
  • Forced Air Heating System

About This Home

Prime Investment Opportunity - 7-Unit Beachside Property in Ocean Grove Exceptional opportunity to own a fully occupied 7-unit income property a block from the beach, boardwalk, and charming downtown Ocean Grove. This well-maintained building features one spacious 2-bedroom, 1-bath unit and six 1-bedroom, 1-bath units, offering an ideal mix for steady, reliable rental income. With a proven track record of consistent cash flow and strong tenant demand, this property is perfectly positioned for both long-term investors and those looking to expand their coastal portfolio. The unbeatable location—steps from the ocean and minutes to Asbury Park's restaurants and nightlife—makes this an in-demand asset year-round.

Listing Agent

Michael Lubrano

Berkshire Hathaway HomeServices Fox & Roach - Holmdel License #9806349 Listed on: 11/02/2025

Berkshire Hathaway HomeServices Fox & Roach - Holmdel

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,992

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 30 x 53

Parking

  • No Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 3,815 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Balcony

Schools

  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 7 Units
  • Ocean Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35-00231-0000-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,992

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 7+ Family
  • ResoSecurityFeatures: Fire Sprinkler System
  • Subdivision Name: Ocean Grove
  • Reso Interior Features: Attic, Balcony
  • Year Built: 1900
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 30 x 53
  • Location Middle School: Neptune
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Attic: Yes
  • Interior Balcony: Yes
  • Garage None4: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished, Full
  • Basement: Yes
  • Full Bathrooms: 7
  • Total Bedrooms: 8
  • Stories: 3
  • Full Basement: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 53
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00231-0000-00010
  • Zoning Description: Multi-Use

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 16992.0
  • Tax Other Annual Assessment Amount: 987200.0

Multi Family

  • Number Of Units Total: 7

MLS Schools

  • High School: Neptune Twp

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2025 11/02/25 For Sale $1,700,000 -- $446 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22533220

MOREMLS (Monmouth Ocean Regional REALTORS®)