Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1061 West Ave Ocean City, NJ 08226

    View on Map
    Sponsored
    For Sale
    $1,699,000

    Triplex - Ocean City, NJ

    Type:Triplex
    Property size:
    3,956 SF
    Lot size:
    0.08 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 19 at 10:06 pm

    Property Features for 1061 West Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    CB-1
    Rooms
    Basement, Dining Room, Kitchen, Living Room
    Patio and Porch features
    Porch
    Exterior features
    Curbs, Outside Shower, Porch, Sidewalks
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer
    Size
    3,956 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Baseboard, Other (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Number of units
    3

    We can help!

    Listing Contact
    ALEXANDER HUFFARD

    Keller Williams Realty Atlantic Shore (609) 839-7904

    Listing agent ALEXANDER HUFFARD (609) 266-7676 License #1649545

    Listing date Mar 19, 2026

    MLS# 605797 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Triplex in Ocean City

    Located in the heart of downtown Ocean City, this historic corner triplex features a side-by-side front building and a separate rear cottage, all situated on a 40x90 lot. The front building offers a side-by-side layout, with each unit featuring 6 bedrooms and 1.5 bathrooms. Each first floor includes a living room, dining room, kitchen, half bathroom, and utility room. The second floor hosts three bedrooms and a full bathroom, while the third floor provides three additional bedrooms. The rear cottage includes 2 bedrooms, 1 full bathroom, and a walk-up attic. The property features an outdoor shower, additional storage, and a two-car driveway. The property is zoned CB-1. The property contains 3,956 square feet. The front units offer ample space for large families or rental use, while the rear cottage provides flexibility. The rear cottage attic is ideal for storage or future possibilities. This property offers a combination of character, scale, and location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.5796402
    Latitude
    39.277198

    Nearby Similar for Sale

    • $699,000
      1,656 SF

      Versatile Commercial Condo in Ocean City

      Expansive commercial condo with flexible space and valuable amenities.
      936-A Haven Ave, Ocean City, NJ 08226
      View Details
    • $699,000
      1,656 SF

      Versatile Commercial Condo in Ocean City

      Expansive commercial condo with flexible space and valuable amenities.
      936 Haven Ave, Ocean City, NJ 08226
      View Details
    • $699,000
      1,656 SF

      Versatile Commercial Condo in Ocean City

      1,650 SF flexible space suitable for various business ventures.
      936 Haven Ave, Ocean City, NJ 08226
      View Details
    • $699,000
      Pending

      Versatile Commercial Condo in Ocean City

      Expansive commercial condo with flexible space and valuable amenities.
      936 Haven Ave, Ocean City, NJ 08226
      View Details
    • $499,900
      1,218 SF

      New Commercial Storefront in OCNJ

      New construction commercial storefront in the heart of Ocean City.
      1329 West Ave, Ocean City, NJ 08226
      View Details
    • $499,900
      1,218 SF

      New Commercial Storefront in OCNJ

      New construction storefront in the heart of Ocean City, NJ.
      1329 West Ave, Ocean City, NJ 08226
      View Details
    • $1,149,000

      Ocean City Commercial Building For Sale

      Four commercial units in prime Ocean City location.
      200-206 11Th St, Ocean City, NJ 08226
      View Details
    • Contact for pricing
      556 SF

      Ocean City Landmark Office Space

      Landmark building with downtown and water views in Ocean City.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • Contact for pricing
      0.48 Acres

      Asbury Avenue Office Space

      Bright, adaptable 780 SF office space in historic downtown.
      810 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,149,000
      0.25 Acres

      Ocean City Commercial Investment Opportunity

      Four commercial units in prime Ocean City location for sale.
      200-206 11Th St, Ocean City, NJ 08226
      View Details
    • $135,000

      Turnkey Commercial Unit in Ocean City

      Commercial unit in high-traffic location with amenities.
      900 Wesley Ave, Ocean City, NJ 08226
      View Details
    • $4,950,000
      2,768 SF

      Oceanfront Duplex with Approved Plans

      Beachfront duplex in Ocean City with approved single-family plans.
      4919 Central Ave, Ocean City, NJ 08226
      View Details

    FAQs

    What type of property is this?
    Triplex - Coastal charm meets investment opportunity in downtown Ocean City.
    Where is this triplex located?
    The property is located at 1061 West Ave Ocean City, NJ.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - Prime Downtown Ocean City location on a 40x90 corner lot.; - Rare triplex configuration: side-by-side front building plus separate rear cottage.; - Front building: Two units, each with 6 bedrooms and 1.5 bathrooms.
    (609) 602-0499
    Request Owner's contact information
    1061 West Ave Ocean City, NJ 08226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1061 West Ave
    Ocean City, NJ 08226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1061 West Ave Ocean City, NJ 08226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    ALEXANDER HUFFARD
    Real Estate License ID: 1649545
    (609) 602-0499 (609) 428-7795 (609) 266-7676
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!