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    150 Lake Ave Ocean Grove, NJ 07756

    For Sale
    $1,800,000

    MULTI_FAMILY - Ocean Grove, NJ

    Days on Market:
    33
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 150 Lake Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 6, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 6, Basement, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
    Bedrooms
    6
    APN
    35-00137-0000-00001
    Parking features
    Off Street
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Basement
    Walk-Out Access

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1987
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Wood, Tile - Ceramic
    Building materials
    Cedar Shake
    Roof type
    Shingle

    C21/ Coastal Realtors (732) 774-7166

    Listing agent Gary L Huizenga (732) 774-7166

    Listing date Nov 3, 2025

    MLS# 22533340 Listing URL

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean 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.

    Overview

    Ocean Grove Three-Family Property

    Located in historic Ocean Grove, this three-family property was built in 1987 in a townhouse style. Each unit features two bedrooms and one and a half baths. The property includes individual parking spaces and a one-car garage for each unit. Utilities are separate for each unit, with the exception of water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Grove
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.012806
    Latitude
    40.214399

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    FAQs

    What type of property is this?
    Triplex - Three-family townhouse-style property in historic Ocean Grove.
    Where is this triplex located?
    The property is located at 150 Lake Ave Ocean Grove, NJ.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Three-family townhouse style property in Historic Ocean Grove.; - Each unit features two bedrooms and one and a half baths.; - Separate utilities for each unit (except water and sewer).
    (732) 774-7166
    Request Owner's contact information
    150 Lake Ave Ocean Grove, NJ 07756
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    Ocean Grove, NJ 07756
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    Realmo Value Estimation

    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.

    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.

    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
    150 Lake Ave Ocean Grove, NJ 07756
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