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Triplex For Land Value
For Sale
$699,000
Pending

12 Walton Pl, Ocean City, NJ 08226

MULTI_FAMILY - Ocean City, NJ

Property SizeContact for details
Days on Market94

Property Features for 12 Walton Pl

General Information

Property type Residential Multi Family
Property subtype Triplex
Standard status Pending
Listing Agency: BHHS Fox & Roach Downtown Sales Office · Berkshire Hathaway HomeServices
Listed By: Brad C. Rice · License #0453461
Added: May 8 Changed: Jul 27 Last Checked: Aug 9 at 1:06PM
MLS# 607672

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex is being offered for land value only. The existing structure includes bay views from the rear deck.

Access to the property is limited and requires a signed Hold Harmless Agreement before entry. Please complete and submit the required form to the listing agent prior to scheduling or touring, as outlined in the associated documents.

The offering is positioned for potential redevelopment or new construction, based on the property’s current configuration and view features.

Key Highlights

  • Offered for land value only
  • Bay views from the rear deck
  • Access to the structure is limited and requires a signed Hold Harmless Agreement before entry

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Catering Service Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,432
Businesses Nearby

Demographics for 08226, NJ

11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex offering bay views from a rear deck, presented for land value with limited access pending a signed hold harmless agreement.
Where is this triplex located?
The property is located at 12 Walton Pl Ocean City, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Offered for land value only; Bay views from the rear deck; Access to the structure is limited and requires a signed Hold Harmless Agreement before entry
More about this property
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