Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    298 Shrewsbury Ave Red Bank, NJ 07701

    Sponsored
    For Sale
    $825,000

    MULTI_FAMILY - Red Bank, NJ

    Property size:
    2,812 SF
    Lot size:
    0.10 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 7 at 7:06 pm

    Property Features for 298 Shrewsbury Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Basement, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
    Bedrooms
    6
    APN
    39-00090-0000-00018
    Parking features
    On Street
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Basement
    Full
    Size
    2,812 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    3
    Building materials
    Stucco
    Roof type
    Flat, Shingle

    Sourlis Intl Realty Corp (732) 530-7300

    Listing agent Dorothy A Whitehouse (732) 530-7300

    Listing date Jan 5, 2026

    MLS# 22536879 Listing URL

    Copyright © 2026 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

    Red Bank Mixed-Use Investment

    This fully-rented mixed-use property offers immediate income and long-term flexibility in a prime location. The building includes a street-level commercial storefront along Shrewsbury Ave and two separate residential 3-bedroom apartments. The storefront includes a private bathroom and utility sink and benefits from strong visibility along one of Red Bank's main corridors. The two residential units are separately accessed and feature hardwood floors throughout, high ceilings, and in-unit washer/dryer. Both apartments include kitchens with granite countertops, white cabinetry, and a full appliance package. The units open to an elevated rear deck overlooking the expansive yard. This is a compelling opportunity to own an income-producing asset with residential scale and commercial visibility. The property is located in Red Bank, NJ, in Monmouth County. The lot size is 0.1 acres, and the property size is 2812 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office 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
    Red Bank
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.075849
    Latitude
    40.34067

    Nearby Similar for Sale

    • $150,000
      1,600 SF

      Turnkey Restaurant Business Opportunity

      Established Thai restaurant business for sale in downtown Red Bank.
      39 Broad St, Red Bank, NJ 07701
      View Details
    • $599,999
      2,000 SF

      Red Bank Income Producing Business

      Well-established food business opportunity on a popular street in Red Bank.
      Red Bank, NJ 07701
      View Details
    • $1,400,000
      2,500 SF

      Turnkey Art Gallery + Showroom

      Turnkey art gallery and showroom with storage in downtown Red Bank.
      212 W Front St, Red Bank, NJ
      View Details
    • $949,000
      1,890 SF

      Red Bank Retail Space - $949K

      Prime 1890 SF Retail, Vacant, NNN Lease.
      177 Broad St, Red Bank, NJ 07701
      View Details
    • $4,950,000
      18,258 SF

      Red Bank Mixed-Use Investment

      18,258 SF, 17 Parking Spaces, High Potential
      135 Monmouth St, Red Bank, NJ 07701
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully rented mixed-use property with income and long-term flexibility.
    Where is this mixed-use property located?
    The property is located at 298 Shrewsbury Ave Red Bank, NJ.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Fully-rented mixed-use property providing immediate income.; - Prime location on Shrewsbury Ave, a main corridor in Red Bank, offering strong commercial visibility.; - Includes a street-level commercial storefront and two separate 3-bedroom residential apartments.
    (732) 530-7300
    Request Owner's contact information
    298 Shrewsbury Ave Red Bank, NJ 07701
    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.
    298 Shrewsbury Ave
    Red Bank, NJ 07701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    298 Shrewsbury Ave Red Bank, NJ 07701
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.