Asbury Park Three-Family
1702 Grand Avenue Asbury Park, NJ 07712
1702 Grand Avenue, Asbury Park, NJ, 07712
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Asbury Park, NJ
Property Size3,600 SF
Lot Size0.11 Acres
Price / SF$375
Days on Market58
Property Features for 1702 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bathroom 4
- Parking
- 3
- Parking features
- On Street, Off Street
- Basement
- Full
- Standard status
- Active
- APN
- 04-03704-0000-00006
- Size
- 3,600 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 22044
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Zoned
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Wood
- Building materials
- Brick
- Roof type
- Shingle, Flat
Listing agency
Sackman Realty
(732) 798-8188
Listed by
Josh Starner · License #2191038
(732) 798-8188
Added: May 27 Updated: Jun 29 at 11:04AM Checked: Jul 23 at 5:06AM
MLS# 22615608
Copyright © 2026 More MLS. 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 is a three-family home located in a desirable area near the beach, boardwalk, and Deal Lake. The property is professionally managed and well-maintained. It features two one-bedroom, one-bathroom apartments and one oversized two-bedroom, two-bathroom unit. The property offers rental income potential. It includes a long driveway, a detached garage, and ample outdoor space. The lot size is 0.11 acres, and the property size is 3,600 square feet.
Key Highlights
- Brick three‑family home with 4 bedrooms total, including two 1BR/1BA units and one oversized 2BR/2BA unit
- Professionally managed property with multiple bathrooms and a basement
- Year built: 1950; heating includes forced air with zoned systems
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $25.56 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $86.1k | $23.91 |
| − OpEx | −$25.8k | −$7.17 |
| NOI | $60.3k | $16.74 |
3,600 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.7K
$753.1K – $1.00M
NOI $60,250 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,802 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Spacious three-family home near the beach and boardwalk.
Where is this triplex located?
The property is located at 1702 Grand Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Brick three‑family home with 4 bedrooms total, including two 1BR/1BA units and one oversized 2BR/2BA unit; Professionally managed property with multiple bathrooms and a basement; Year built: 1950; heating includes forced air with zoned systems
