402 2nd Ave Long Branch, NJ 07740
Long Branch AreaEstimated payment $14,355/month
Highlights
- Water Views
- 2 Car Detached Garage
- Multiple cooling system units
- 0.48 Acre Lot
- Zoned Heating
- 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 venues making 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,180
Year Built
- Built in 1902
Lot Details
- 20,909 Sq Ft 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
- Water Views
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 12 Bedrooms
- 9 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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,180 | $725,000 | $435,700 | $289,300 |
| 2025 | $9,180 | $612,000 | $390,700 | $221,300 |
| 2024 | $7,672 | $544,000 | $368,200 | $175,800 |
| 2023 | $7,672 | $494,000 | $300,700 | $193,300 |
| 2022 | $8,124 | $436,800 | $246,900 | $189,900 |
| 2021 | $8,246 | $406,000 | $182,100 | $223,900 |
| 2020 | $8,201 | $392,400 | $165,000 | $227,400 |
| 2019 | $8,246 | $392,300 | $165,000 | $227,300 |
| 2018 | $8,056 | $381,100 | $168,600 | $212,500 |
| 2017 | $7,694 | $373,300 | $161,400 | $211,900 |
| 2016 | $7,619 | $377,000 | $165,900 | $211,100 |
| 2015 | $7,224 | $324,400 | $97,300 | $227,100 |
| 2014 | $7,290 | $345,000 | $122,000 | $223,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2026 06/12/26 | For Sale | $2,475,000 | -- | $493 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Attorney |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22617872
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Information is deemed reliable but not guaranteed.
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