905 Grand Avenue Asbury Park, NJ 07712
MULTI_FAMILY - Asbury Park, NJ
Property Features for 905 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full
- Standard status
- Active
- APN
- 04-03301-0000-00007
- Size
- 4,086 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15708
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 5
Listing agent Patrick Schiavino License #0454705 (732) 798-8188
Listing office Sackman Realty 513 Cookman Ave., Asbury Park, NJ (732) 798-8188
Listing date Mar 30, 2026
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.
Located at 905 Grand Avenue in Asbury Park, New Jersey (Monmouth County), the building sits on a compact 0.09-acre lot. With a total size of 4,086 square feet, the offering is sized for owners seeking a manageable multifamily footprint.
From an owner-operator or investor perspective, the unit mix can support consistent rental demand with studios alongside one-bedroom apartments. With all units already leased and key systems updated, the property presents a streamlined option for those looking for a renovated residential income asset where maintenance and capital priorities have been addressed.
Key Highlights
- Renovated and maintained 5‑unit apartment building
- Attractive mix of 2 studios and 3 1‑BR units
- All units are currently leased
Local Financial Insights For Apartment 5plus
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 | $122.6k | $30.00 |
| − Vacancy | −$8.3k | −$2.04 |
| EGI | $114.2k | $27.96 |
| − OpEx | −$51.4k | −$12.58 |
| NOI | $62.8k | $15.38 |
