Property
Point Pleasant Beach, NJ 08742 140 Ocean Avenue
$1,980,000
44 more
Presented By: LPT Realty, LLC
Beds • 2
Beds • 2Home Details
Welcome to Point Pleasant Beach! Rent Ready: 6.8% Cap rate! $135,000 Net Operating Income Year to Date. This 4 unit compound on beach block features 2 buildings with patios, decks, outside showers, and storage.
Unit 1 has 4 bedrooms, 2 full bathrooms. Unit 2 has 4 bedrooms, 1 full bathroom. Unit 3 has 1 bedroom, 1 full bathroom. Unit 4 has 1 bedroom, 1 full bathroom.
The 2025 rent consists of short term rentals in units 1 and 2, along with month to month rentals in units 3 and 4. There is potential for more income if all units are utilized as short term rentals.
Presented By: LPT Realty, LLC
Interior Features for 140 Ocean Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NYes
FlooringEngineered Wood
Furnished UnitsAll
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories2
General for 140 Ocean Avenue
Acceptable FinancingCash, Bank Portfolio, Conventional, FHA, Private, VA, Exchange, Other
Accessibility2+ Access Exits
AppliancesDryer, Washer, Refrigerator, Stove
Architectural StyleOther
Cap Rate6.80
CityPOINT PLEASANT BEACH
Construction MaterialsFrame
Cool FuelNatural Gas, Electric
CoolingCentral A/C, Ceiling Fan(s), Multi Units, Window Unit(s)
CountyOCEAN
DirectionsSteps from the beach
Garage Y/NNo
Gross Income153000.00
HeatingCentral, Forced Air
Home Warranty Y/NNo
Living Area2611
Location TypeOceanblock
Lot Size Square Feet3402.00
Lot Size UnitsSquare Feet
MLS AreaPoint Pleasant Beach Boro (21526)
MunicipalityPOINT PLEASANT BEACH BORO
Net Operating Income135000.00
New ConstructionNo
Number Of Units Total4
NumberOfUnitsVacant2
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnershipFee Simple
Patio/Porch FeaturesDeck(s), Patio(s)
PossessionImmediate
Price Per Sq Ft Total AG758.33
Property ConditionExcellent
Property SubtypeQuadruplex
Property TypeMulti-Family
RoofArchitectural Shingle
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOther
Subdivision NamePOINT PLEASANT BEACH
Tax Annual Amount9624.0
Tax Assessed Value533800.0
Tax Lot00004 01
Tax Year2025
Total SQFT2611
Two Bedroom0
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1936
Year Built SourceAssessor
ZoningRR1
Exterior for 140 Ocean Avenue
Exterior AmenitiesOutside Shower, Secure Storage
Land Assessed Value317000.00
Land Use Code
Lot Dimensions0.00 x 0.00
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOff Site, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate
Price
$1,980,000
MLS#NJOC2038074
List Date
10/29/2025
Property Type
Multi-Family
Phone
(973) 868-7789