$610,000
SOLD AUG 25, 2022

341 Central Ave Ocean City, NJ 08226

-- Bed
-- Bath
-- Sq Ft
1916 Built

Recently Sold

32% Below List Price

95 Days on Market

Highlights

  • The property is located in a historic district
  • Porch
  • Laundry Room
  • Ocean City Primary School Rated A
  • Patio
  • 2-minute walk to Lake Memorial Park

About This Home

As of August 2022

Rare opportunity in the Historic District for rehab! The Buyer will need to comply with all Historic Society Rules and Regulations for renovation. Built in 1916, this property has the possibility of 5 separate residences with all units metered separately, except for water. The 40x100 ft. lot (R-2-40 zone) being sold "as-is" has four one bedroom/one bath units and a three bedroom/one bath unit with two assigned parking spaces. Some improvements have been made including a new roof, siding on the main house, electric and some windows were replaced, to name a few. Perfect for a contractor or developer looking for untapped potential. Two units currently have month to month tenants. Buyer is responsible for any inspections, certificates or documents needed/required to close. NEEDS WORK! (See pictures.) Serious buyers for showings by appt only. Listing agent will attend all showings.

Last Agent to Sell the Property

Janice Vendetti

Fox Real Estate-Ocean License #9912629 Listed on: 04/09/2021

Co-Listed By

Eileen Rosseljong

Fox Real Estate-Ocean License #1646399

Last Buyer's Agent

Zach French

Compass New Jersey-Ocean City (O463E) License #1429919

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Home Design

  • Asbestos Siding
  • Vinyl Siding

Kitchen

  • Stove
  • Dishwasher

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Patio
  • Shed
  • Porch

Utilities

  • Heating Available
  • Separate Meters
  • Private Water Source
  • Gas Water Heater

Additional Features

  • Laundry Room
  • Crawl Space
  • Lot Dimensions are 40x100
  • The property is located in a historic district

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 04/09/2021
  • Year Built: 1916
  • Age: 25+ Years
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Electric Stove, Refrigerator
  • Basement: Crawl Space
  • Other Rooms: Laundry/Utility Rm

Exterior Features

  • Outside Features: Needs Work, Patio, Porch, Shed, Sidewalks
  • Siding Exterior: Asbestos, Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car, Assigned

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Private
  • Water Heater: Gas

Lot Info

  • Location: Historical District
  • Lot Dimensions: 40x100

Rental Info

  • Rental Information: Monthly

Multi Family

  • Number Of Units: 5
  • Separate Meters: Electric, Gas, Hot Water

Range of Values:

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Sold Price
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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 Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $2,700,000 -2.9% --
06/24/2025 06/24/25 Price Changed $2,780,000 -7.3% --
12/26/2024 12/26/24 For Sale $3,000,000 +391.8% --
08/25/2022 08/25/22 Sold $610,000 -13.5% --
07/13/2021 07/13/21 Pending -- -- --
07/01/2021 07/01/21 Price Changed $705,000 -21.6% --
04/09/2021 04/09/21 For Sale $899,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 549277

South Jersey Shore Regional MLS