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140 Ocean Avenue

Point Pleasant Beach, NJ 08742
  • $1,980,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 22537140
UPDATED: 26 min ago
$1,980,000
  • 10
    BEDS
  • 0.08
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,953
    SQFT
  • $671
    $/SQFT
Type:
Multi-Family
Built:
1936
County:

School Information

Elementary School:
High School:

Description

Welcome to Point Pleasant Beach! Rent Ready: 6.8% Cap rate! $135,000 Net Operating Income in 2025. 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.

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© 2026 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2026-02-10T13:19:15.633.
www.candiesellshomes.com/homes/171534859
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140 Ocean Avenue Point Pleasant Beach, NJ 08742

  • Price: $1,980,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 26 min ago
  • MLS #: 22537140
10
Beds
5
Baths
0
½ Baths
0.08
Acres
2,953
SQFT
$671
$/SQFT
1936
Built
County:
Ocean
Area:
Point Pleasant Beach (PPB)
Elementary School:
Antrim
High School:
Point Pleasant Beach
Property Description
Welcome to Point Pleasant Beach! Rent Ready: 6.8% Cap rate! $135,000 Net Operating Income in 2025. 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.
Exterior Features

Attached Garage YN No Exterior Features [] Garage YN No Parking Features On StreetNone Roof Shingle Waterfront Features [] Waterfront YN No Waterview No

Interior Features

Basement Partial Cooling Multi Units Cooling YN Yes Fireplaces Total 0 Flooring WoodLaminate Handicap Access No Heating 3+ Zoned Heat Heating YN Yes Interior Features [] Unit1 Dishwasher Yes Unit1 Dryer Yes Unit1 Gas Stove Yes Unit1 Washer Yes Unit1 Water Heater Yes Unit2 Dryer Yes Unit2 Gas Stove Yes Unit2 Refrigerator Yes Unit2 Washer Yes Unit2 Water Heater Yes

Property Features

Assessment Assessed Yes Lot Features Ocean Block New Construction YN No Other High School Trinity Hall Owner Pays [] Pool No Property Sub Type Four Family Sewer Public Sewer Tax Annual Amount 9624 Tax Year 2025 Tenant Pays [] Water Heater Natural Gas Yes Water Source Public Zoning Description Non-Conforming

Listing information © 2026 Monmouth-Ocean MLS. Listing provided courtesy of Erik Ewell of LPT Realty: .


© 2026 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2026-02-10T13:19:15.633.
 
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