Three-Unit Residential Income
502 Laurel Avenue Point Pleasant Beach, NJ 08742
502 Laurel Avenue, Point Pleasant Beach, NJ, 08742
$1,499,900
For Sale
$1,499,900
MULTI_FAMILY - Point Pleasant Beach, NJ
Property Size2,781 SF
Lot Size0.20 Acres
Price / SF$539.34
Days on Market9
Property Features for 502 Laurel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 3
- Parking features
- Off Street
- Basement
- Walk-Out Access, Full
- Standard status
- Active
- APN
- 26-00077-0000-00014
- Size
- 2,781 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8523
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
Listing agency
RE/MAX Bay Point Realtors
(732) 899-8202
Listed by
Ronald J Stoner · License #9231127
(732) 899-8202
Added: Jul 13 Updated: Jul 17 at 11:46AM Checked: Jul 21 at 10:06AM
MLS# 22621332
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 three-unit residential income property includes three separate apartments across the first, second, and third floors. The first-floor unit features an enclosed front porch, three bedrooms, a full bathroom with tub, an eat-in kitchen, a large living room, and a dining room, with walk-down access to the garage. The second-floor unit offers two bedrooms, a full bathroom with tub, and an eat-in kitchen and bathroom. The third-floor unit includes one bedroom, a full bathroom with shower stall, a living room, and an eat-in kitchen.
The property is located at 502 Laurel Avenue in Point Pleasant Beach, NJ. It includes a long driveway and backyard parking.
The building’s vertical unit mix creates multiple rental opportunities while supporting the option for an owner to occupy one unit and rent the others.
The property is located at 502 Laurel Avenue in Point Pleasant Beach, NJ. It includes a long driveway and backyard parking.
The building’s vertical unit mix creates multiple rental opportunities while supporting the option for an owner to occupy one unit and rent the others.
Key Highlights
- Three‑family home with multiple bedrooms and 3 full bathrooms
- Public water and public sewer
- Off‑street parking with long driveway and backyard parking
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 | $71.1k | $25.56 |
| − Vacancy | −$4.6k | −$1.65 |
| EGI | $66.5k | $23.91 |
| − OpEx | −$19.9k | −$7.17 |
| NOI | $46.5k | $16.74 |
2,781 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.9K
$581.8K – $775.7K
NOI $46,543 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$610.9K
$534.6K – $712.8K
NOI $42,766 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$726.2K
$635.4K – $847.2K
NOI $50,832 @ 7.0% cap · market cap 3.39%
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 - Three residential units with separate layouts, plus an enclosed front porch and long driveway with backyard parking.
Where is this triplex located?
The property is located at 502 Laurel Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Three‑family home with multiple bedrooms and 3 full bathrooms; Public water and public sewer; Off‑street parking with long driveway and backyard parking
