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Two Buildings on One Lot

101-103 Ridge Avenue Asbury Park, NJ 07712

Pending

$799,000

MULTI_FAMILY - Asbury Park, NJ

Property size:

4,500 SF

Lot size:

0.16 Acres

Pending

$799,000

MULTI_FAMILY - Asbury Park, NJ

Property size:

4,500 SF

Lot size:

0.16 Acres

Added:: Feb 3, 2026
Days on Market:: 157
Last Refresh:: Jul 10 at 10:06 pm

Property Features for 101-103 Ridge Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 4
Rooms: Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Basement, Bedroom 2, Bedroom 8, Bedroom 5, Bathroom 1
Basement: Full
Standard status: Pending
APN: 04-01001-0000-00014
Size: 4,500 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 9604

Utilities

Sewer type: Public Sewer
Cooling system: Multi Units
Water source: Public

Building Details

Number of units: 2
Roof type: Shingle

Listing agent John Natale License #0790719

Listing office Real Broker, LLC 165 Passaic Ave. Ste 205, HADDON TOWNSHIP, NJ

Listing date Feb 3, 2026

MLS# 22603065 Listing URL

Investment Insights

Based on property information with market context.

This property features two buildings situated on a single lot, presenting a potential investment opportunity. The first building, located at 101 Ridge, is a 5-bedroom, 2-full-bath Colonial-style home with a finished walk-up attic. The second building, located at 103 Ridge, is a 3-bedroom, 2-full-bath Colonial. The property is located in Asbury Park, New Jersey. The lot size is 0.16 acres, and the total property size is approximately 4500 square feet. This setup allows for various options, such as living in one home and renting out the other, or renting out both for rental income.

Key Highlights

Two buildings on one lot: #101 Ridge and #103 Ridge
#101 Ridge: 5‑bedroom, 2 full bath Colonial with walkup finished attic
#103 Ridge: 3‑bedroom, 2 full bath Colonial

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$135.0k	$30.00
− Vacancy	−$9.2k	−$2.04
EGI	$125.8k	$27.96
− OpEx	−$56.6k	−$12.58
NOI	$69.2k	$15.38

4,500 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.08M

$941.4K – $1.26M (±1% cap)

NOI $75,313 @ 7.0% cap · market cap 9.43%

Second Best

Apartment 5plus

$988.6K

$865.0K – $1.15M (±1% cap)

NOI $69,201 @ 7.0% cap · market cap 8.66%

Theoretical Best

Office A

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,253 @ 7.0% cap · market cap 10.29%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Duplexes
NJ
Asbury Park
07712
101-103 Ridge Avenue

What type of property is this?

Duplex - Two buildings on one lot present an investment opportunity.

Where is this duplex located?

The property is located at 101-103 Ridge Avenue Asbury Park, NJ.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Two buildings on one lot: #101 Ridge and #103 Ridge; #101 Ridge: 5‑bedroom, 2 full bath Colonial with walkup finished attic; #103 Ridge: 3‑bedroom, 2 full bath Colonial

101-103 Ridge Avenue Asbury Park, NJ 07712

MULTI_FAMILY - Asbury Park, NJ

Property Features for 101-103 Ridge Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Flex Space Building with Parking

Two-Building Office Property

Asbury Park Three-Family Home

Asbury Park Retail Opportunity

Recently Renovated 3-Family Corner

Renovated Two-Family Home

Renovated 5-Unit Apartment Building

Fully Equipped Dry Cleaning Storefront

Asbury Park Multifamily Home

Multifamily Property in Asbury Park

Victorian Duplex with Private Cottage

Tenant-Occupied Quadplex For Sale

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