140 Ocean Ave, Point Pleasant Beach, NJ 08742

Point Pleasant Beach
Local realty services provided by:ERA Central Realty Group
140 Ocean Ave,Point Pleasant Beach, NJ 08742
$1,875,000
  • 2 Beds
  • - Baths
  • 2,611 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sun, Mar 29
    02:30 pm - 04:00 pm
Listed by: erik ewell
Office: lpt realty, llc.
MLS#:NJOC2038074
Source:BRIGHTMLS

Price summary

  • Price:$1,875,000
  • Price per sq. ft.:$718.12

About this home

Welcome to Point Pleasant Beach! Rent Ready: 7.2% 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. One 1 bedroom is currently rented.

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Home facts

  • Year built:1936
  • Listing ID #:NJOC2038074
  • Added:150 day(s) ago
  • Updated:March 28, 2026 at 01:37 PM

Rooms and interior

  • Bedrooms:2
  • Flooring:Engineered Wood
  • Kitchen Description:Refrigerator, Stove
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,611 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central A/C, Multi Units, Window Unit(s)
  • Heating:Central, Forced Air, Natural Gas

Structure and exterior

  • Roof:Architectural Shingle
  • Year built:1936
  • Building area:2,611 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Oceanblock
  • Construction Materials:Frame
  • Exterior Features:Deck(s), Outside Shower, Patio(s), Secure Storage

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,875,000
  • Price per sq. ft.:$718.12
  • Tax amount:$9,624 (2025)

Features and amenities

  • Amenities:Cable TV Available, Electric Available, Natural Gas Available

Parking

  • Parking description:Off Site, Parking Lot

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