140 Ocean Ave, Point Pleasant Beach, NJ 08742

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140 Ocean Ave,Point Pleasant Beach, NJ 08742
$1,980,000
  • 2 Beds
  • - Baths
  • 2,611 sq. ft.
  • Multi-family
  • Active
Listed by: erik ewell
Office: lpt realty, llc.
MLS#:NJOC2038074
Source:BRIGHTMLS

Price summary

  • Price:$1,980,000
  • Price per sq. ft.:$758.33

About this home

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. Open House: Saturday 12/20 at 3:00 pm to 5:00 pm

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Home facts

  • Year built:1936
  • Listing ID #:NJOC2038074
  • Added:60 day(s) ago
  • Updated:December 29, 2025 at 02:34 PM

Rooms and interior

  • Bedrooms:2
  • 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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,980,000
  • Price per sq. ft.:$758.33
  • Tax amount:$9,624 (2025)

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