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Corner Triplex with Separate Utilities
For Sale
$1,599,900

500 Park Place Avenue, Bradley Beach, NJ 07720

Multi-Family, Bradley Beach, NJ

Property Size1,560 SF
Lot Size0.11 Acres
Price / SF$1,025
Days on Market186

Property Features for 500 Park Place Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 3
Bathrooms 2
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 4, Bathroom 2, Bedroom 1, Basement, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1
Parking features Off Street
Interior features Attic - Walk Up
Fencing Fenced
Basement Full
Lot features Corner Lot
Elementary school Bradley Beach
Middle school Bradley Beach
Directions Main Street or Ocean Avenue to Park Place
Standard status Active
APN 08-00018-0000-00011
Size 1,560 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9587

Utilities

Sewer type Public Sewer
Heating system Radiant
Water source Public

Building Details

Year built 1909
Floors in Building 2
Number of units 12
Listing Agency: RE/MAX Revolution
Listed By: Richard Davidson · License #8630800
Added: Mar 20 Changed: Sep 15 Last Checked: Sep 21 at 1:06AM
MLS# 22607340

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 1909 triplex includes a three-bedroom, 1.5-bath colonial in front and two additional two-bedroom apartments in a separate rear building. The main residence offers an updated kitchen, high ceilings in the living and dining areas, a full basement, and a walk-up loft attic. The rear structure also includes a basement. The property contains 1,560 square feet on a 0.11-acre corner lot measuring 50 by 100 feet.

Each unit has separate gas and electric service, and all three units are currently rented. The property includes off-street parking for two cars, a one-car garage, a fenced side yard, public water, public sewer, and radiant heating. Its Bradley Beach setting places the property within walking distance of Main Street, Ocean Grove, Asbury Park, NJ Transit, and local dining and recreation amenities.

Key Highlights

  • Three‑unit property with one 3‑bedroom residence and two 2‑bedroom apartments
  • All 3 units currently rented with separate gas and electric service
  • 1,560 square feet on a 0.11‑acre corner lot measuring 50x100

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Locksmith Dental Office (Bike/Boat/Book/etc) Store Florist Butcher Cosmetic 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.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby

Demographics for 07720, NJ

4,175
Population
2,836
Households
1.5
Avg Household Size
47
Median Age
67%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,958
Density / Sq Mi
$94,722
Median Household Income
$52,661
Median Earnings
$1,710
Median Rent
$857,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three rented units include a colonial main residence, two rear apartments, basements, and off-street parking.
Where is this triplex located?
The property is located at 500 Park Place Avenue Bradley Beach, NJ.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Three‑unit property with one 3‑bedroom residence and two 2‑bedroom apartments; All 3 units currently rented with separate gas and electric service; 1,560 square feet on a 0.11‑acre corner lot measuring 50x100
More about this property
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