$1,425,000
UNDER CONTRACT

611 E 7th St Ocean City, NJ 08226

Estimated payment $7,981/month

Total Views 23,850
Studio
-- Bath
6,440 Sq Ft
$221 Price per Sq Ft

Highlights

  • Corner Lot
  • Porch
  • 3-minute walk to Veterans Memorial Park
  • Ocean City Primary School Rated A
  • Forced Air Heating System

About This Home

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 kitchens. Perfect for anyone who loves options or perhaps dreams of winning a culinary world record. And with 17 rooms, this space can transform to meet the needs of any imaginative soul. This was used as a year round rental unit and has heat. I has been vacant for at least 2 years. Parking woes? Not here! You'll have room to spare with parking for up to 10 cars. And after a day at the beach, rinse off in one of the two outdoor showers or enjoy the convenience of outdoor storage for all your seaside gear. For the eco-conscious (or just comfort-seeking), the property features both gas and electric baseboard heat, complemented by two water heaters to ensure those 17 baths are always ready for their starring role and 2 coin-operated washers and dryers included! Whether you're drawn to its rich history or its promise of future possibilities, 611 East 7th Street is a canvas for your next chapter. Come explore the charm and character of this unique Ocean City gem!

Listing Agent

Janet Cantwell-Papale

Compass New Jersey-Ocean City (O463E) Listed on: 05/30/2025

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,968

Year Built

  • Built in 1907

Lot Details

  • Lot Dimensions are 45 x 96
  • Corner Lot

Parking

  • Parking Pad

Home Design

  • 6,440 Sq Ft Home
  • Shingle Siding
  • Vinyl Siding

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Finished Basement

Community Details

  • 7 Units

Listing and Financial Details

  • Legal Lot and Block 26 / 602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,968

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Year Built: 1907
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Estimated Sq Ft: 6440

Exterior Features

  • Outside Features: Porch
  • Siding Exterior: Shingle, Vinyl

Garage/Parking

  • Driveway: Blacktop
  • Parking Exterior: Parking Pad

Utilities

  • Air Conditioner: Wall Units
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Number: 26
  • Location: Corner
  • Lot Dimensions: 45 x 96

Tax Info

  • Year: 2024
  • Taxes: 6968

Multi Family

  • Number Of Units: 7
  • Separate Meters: Electric, Gas, Hot Water

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $6,968 $621,000 $292,400 $328,600
2024 $6,968 $621,000 $292,400 $328,600
2023 $6,651 $621,000 $292,400 $328,600
2022 $6,390 $621,000 $292,400 $328,600
2021 $4,633 $621,000 $292,400 $328,600
2020 $6,073 $621,000 $292,400 $328,600
2019 $6,005 $621,000 $292,400 $328,600
2018 $5,949 $621,000 $292,400 $328,600
2017 $5,856 $621,000 $292,400 $328,600
2016 $5,632 $621,000 $292,400 $328,600
2015 $5,558 $621,000 $292,400 $328,600
2014 $5,477 $621,000 $292,400 $328,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2025 12/09/25 Price Changed $1,425,000 -9.5% $221 / Sq Ft
11/18/2025 11/18/25 Price Changed $1,575,000 -7.4% $245 / Sq Ft
10/08/2025 10/08/25 Price Changed $1,700,000 -5.6% $264 / Sq Ft
08/26/2025 08/26/25 Price Changed $1,799,999 -9.8% $280 / Sq Ft
07/21/2025 07/21/25 Price Changed $1,995,000 -8.3% $310 / Sq Ft
05/30/2025 05/30/25 For Sale $2,175,000 -- $338 / Sq Ft
Source: South Jersey Shore Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $195,000 --
Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $137,000 No Value Available
Source: Public Records

Source: South Jersey Shore Regional MLS

MLS Number: 596785

South Jersey Shore Regional MLS

APN: 08-00602-0000-00026