$3,000,000

Estimated payment $17,043/month

Total Views 4,451
11 Beds
8 Baths
5,021 Sq Ft
$597 Price per Sq Ft

Highlights

  • 2 Car Detached Garage
  • Zoned Heating
  • Level Lot
  • Multiple cooling system units
  • Hot Water Heating System

About This Home

**Charming Multi-Family Complex in the Heart of Long Branch - A Unique Investment Opportunity!**
Welcome to your next profitable venture nestled within one of New Jersey's most sought-after coastal towns! This exceptional multi-family complex features two distinct buildings spread across two expansive lots, offering a total of 8 well-appointed rental units poised for solid returns. Located just steps from beautiful Pier Village beaches, vibrant boardwalk attractions, and thriving local amenities, this property truly embodies the ideal combination of potential and convenience. **Features You'll Love:**
- **Exceptional Layout:** Comprising two thoughtfully designed buildings that maximize both space and comfort. Each unit is uniquely tailored to meet the needs of today's diverse renters.
- **Stable Tenant Base:** Enjoy peace of mind with all tenants currently on month-to-month leases, providing flexibility for rent adjustments or owner occupancy down the line.
- **Carefree Utilities:** The landlord covers water & sewer expenses, simplifying property management and enhancing profitability while ensuring tenant satisfaction.
- **Prime Location:** Long Branch boasts a lively atmosphere with easy access to stunning beaches, parks, shopping centers, fine dining options, and cultural venuesmaking this property a definite must see.
Property in area of multi million dollar properties, public transportation and beach attractions.
Many tenants are long term and would rather stay.
Potential of this R-4 zone is considerable.

396 2nd Avenue lot is 54x274
402 2nd Avenue lot is 75x274

Seller would like both units to sell as one package.
Both properties have been family owned for over 60 years.
Very unique opportunity to be a landlord or own a large parcel of land and the possibilities are endless in this amazing location in desirable Long Branch.

Listing Agent

Carol Zocco

Rosario Realty Inc License #8936342 Listed on: 07/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,361

Year Built

  • Built in 1902

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 75 x 277
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Open Parking

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,021 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Full Bathrooms

Schools

  • Anastasia Elementary School
  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Multiple cooling system units
  • Zoned Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 8 Units

Listing and Financial Details

  • Exclusions: Tenants personal items
  • The owner pays for hot water, grounds care, water, snow removal, sewer
  • Assessor Parcel Number 27-00153-0000-00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,361

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 7+ Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Year Built: 1902
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 75 x 277
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Heating 3 Zoned Heat: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 8
  • Total Bedrooms: 11
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.48
  • Waterfront: No
  • Exclusions: Tenants personal items
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Open, Paved, Common, Detached
  • General Property Info:Garage: Yes
  • Parking Open: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Hot Water2: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 75 x 277
  • Lot Size Sq Ft: 20908.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00153-0000-00018

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Hot Water, Grounds Care, Water, Snow Removal, Sewer

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8361.0
  • Tax Other Annual Assessment Amount: 544000.0

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Anastasia
  • High School: Long Branch

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 Change Sq Ft Price
07/02/2025 07/02/25 For Sale $3,000,000 -- $597 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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