Estimated payment $13,016/month
Welcome to 605 Third Street, Ocean City, NJ! An exceptional investment opportunity in one of the Jersey Shore’s most desirable communities. This versatile property features five total units across a charming mix of layouts: One 3BD / 1BA - Three 2BD / 1BA - One 1BD cottage With 8 off-street parking spots—a rare and highly sought-after amenity in Ocean City—this property combines convenience and long-term value. Currently generating almost $180,000 in gross annual income, this property provides strong cash flow with room for future upside. Recent updates include new siding and additional renovations, ensuring durability and curb appeal while leaving opportunities for further value-add improvements. Whether you’re looking to expand your investment portfolio or secure a high-performing property in a prime beach town, 605 Third Street offers the perfect blend of location, income, and potential. Schedule your private showing today and experience the investment strength of Ocean City living!
| 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 |
|---|---|---|---|---|
| 2025 | $6,155 | $548,600 | $390,600 | $158,000 |
| 2024 | $6,155 | $548,600 | $390,600 | $158,000 |
| 2023 | $4,694 | $438,300 | $390,600 | $47,700 |
| 2022 | $4,510 | $438,300 | $390,600 | $47,700 |
| 2021 | $4,405 | $438,300 | $390,600 | $47,700 |
| 2020 | $4,287 | $438,300 | $390,600 | $47,700 |
| 2019 | $4,238 | $438,300 | $390,600 | $47,700 |
| 2018 | $4,199 | $438,300 | $390,600 | $47,700 |
| 2017 | $4,133 | $438,300 | $390,600 | $47,700 |
| 2016 | $3,975 | $438,300 | $390,600 | $47,700 |
| 2015 | $3,923 | $438,300 | $390,600 | $47,700 |
| 2014 | $3,866 | $438,300 | $390,600 | $47,700 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $2,299,000 | +422.5% | -- |
| 02/07/2013 02/07/13 | Sold | $440,000 | 0.0% | $152 / Sq Ft |
| 08/24/2012 08/24/12 | Pending | -- | -- | -- |
| 06/10/2012 06/10/12 | For Sale | $440,000 | -- | $152 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,300,000 | Surety Title | |
| Deed | $440,000 | Surety Title | |
| Deed | $250,000 | -- | |
| Deed | $200,000 | -- | |
| Quit Claim Deed | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,100,000 | New Conventional | |
| Closed | $975,000 | New Conventional | |
| Previous Owner | $330,000 | Purchase Money Mortgage | |
| Previous Owner | $332,840 | Unknown | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $140,000 | No Value Available |
$2,700,000
Do not pass up on this unique 1/1 Duplex, Completed in 2025. This Luxury project offers 4 bedrooms 2+ bathrooms in each unit with a layout & flow ever seen in an Ocean City Duplex. This oversized 40x100 lot has produced a spacious second floor with exclusive private entry on the north side of the building and thru the garage, cathedral ceilings with skylights and open concept living area that is
Zach French Compass New Jersey-Ocean City (O463E)
$1,699,000
Unique house with guest suite. LARGE CORNER LOT 50 X 120 with over 3000 sq ft of useable yard space. Property is located in the historic district but CONSIDERED NON CONTRIBUTING. BUILD A DUPLEX OR HUGE HOUSE! In the quiet north end of Ocean City that is less crowded and more relaxed compared to the central part of Ocean City. This makes it a great spot for families and people looking for a more
Paula Hartman BHHS FOX and ROACH-Margate
$1,899,000
Welcome to 321 Wesley Avenue – a unique historic oasis nestled in the heart of Ocean City’s beloved North End! This beautifully restored 1928 property seamlessly blends character, charm, and versatility, offering three distinct apartments on a generous 50 x 105 lot. Whether you seek a smart investment, a shore getaway, or a combination of both, this property caters to your needs. The
Nicole Presnall BHHS FOX and ROACH-Simpson OC
$1,799,999
Welcome to 611 East 7th Street in the historic heart of Ocean City, NJ! This property is not just a house—it's a grand adventure waiting to happen. This is the old Cresent Lodge featuring 6,440 square feet of space nestled on a 4,321 square foot lot, this home is bursting with potential and endless possibilities. Once a bustling rooming house, this property boasts a whopping 17 baths and 11
Janet Cantwell-Papale Compass Real Estate-Moorestown
$1,699,000
Discover the charm of coastal living with a rare grand fathered duplex on a spacious lot at 312 West Surf Road. Perfectly nestled in the heart of Ocean City's Gardens neighborhood, this property offers a generous 2,696 square feet of living space (1,348 per unit) on a 6,373 square foot lot, presenting endless possibilities for customization and enjoyment. Each unit is 3 bedrooms, 2 fully tiled
Craig Troilo Compass New Jersey-Ocean City (O463E)
$1,799,900
Well built older "gardens" duplex close to the beach~ Being sold "As Is" First Floor unit has 4 bedrooms and 2.5 baths Second Floor has 2 bedrooms, 1 bath with a large front porch garage, off-street parking & a back yard~ Both units have central air and gas baseboard heat.
Timothy Taccarino Compass New Jersey-Ocean City (O463H)
$1,739,900
Introducing 16-18 E 14th Street a multi-unit, corner property featuring (2) x 3 bedroom, 2 bathroom units, luxury vinyl flooring, quartz countertops, new entry steps and landing for both units, fully furnished and decorated, tons of off-street parking, outside shower, and so much more! Whether you are looking to add the perfect piece to your rental portfolio, use one unit and rent out the other,
Jim Murray Keller Williams Realty Jersey Shore-Ocean City
Source: South Jersey Shore Regional MLS
MLS Number: 599651
APN: 08-00208-0000-00002
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