Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    93 Heck Avenue Ocean Grove, NJ 07756

    View on Map
    Claim this Listing
    For Sale
    $949,000

    MULTI_FAMILY - Ocean Grove, NJ

    Property size:
    1,666 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $569/SF
    Added:
    Apr 20, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 30 at 4:06 pm

    Property Features for 93 Heck Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 2
    Parking features
    On Street
    Basement
    Full
    Standard status
    Active
    APN
    35-00206-0000-00007
    Size
    1,666 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17440

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood

    We can help!

    Listing Contact
    Jack Green IV

    Listing agent Jack Green IV License #0902169

    Listing office Jack Green Realty 72 Main Ave., Neptune City, NJ

    Listing date Apr 20, 2026

    MLS# 22610943 Listing URL

    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.

    Overview

    Renovated Two-Family Home, Ocean Grove

    Located in historic Ocean Grove, this renovated two-family property includes a three-bedroom apartment with hardwood floors, 9-foot ceilings, historic woodwork, and porch space. The rear apartment is a renovated studio, suitable for guests or additional income. The property is situated near downtown Ocean Grove, its beaches, and Asbury Park. The lot size is 0.04 acres, and the property size is 1,666 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Grove
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0099
    Latitude
    40.212337

    Nearby Similar for Sale

    • $3,395,000
      9,427 SF

      Historic Hotel with Ocean Views

      Ocean Grove hotel with restaurant and ocean views for sale.
      5 Abbott Avenue, Ocean Grove, NJ 07756
      View Details
    • $749,000
      1,520 SF

      Ocean Grove Duplex Near Beach

      Two-unit property near the beach and downtown Asbury.
      147 Webb Avenue, Ocean Grove, NJ 07756
      View Details
    • $999,000
      1,880 SF

      Ocean Grove Multifamily Income Property

      Charming 3-unit property near the beach and downtown.
      136 Mount Hermon Way, Ocean Grove, NJ 07756
      View Details
    • $999,000
      2,065 SF

      Victorian Multifamily in Ocean Grove

      Victorian 2-family with income potential near the beach.
      140 Mount Hermon Way, Ocean Grove, NJ 07756
      View Details
    • $829,000
      2,890 SF

      Historic Two-Family Home, Ocean Grove

      Two-family home in historic Ocean Grove, blocks from the ocean.
      104-106 Mount Tabor Way, Ocean Grove, NJ 07756
      View Details
    • $650,000

      Mixed-Use Investment Property, Ocean Grove

      Prime corner property near the beach, ready for renovation.
      78 Main Avenue, Ocean Grove, NJ 07756
      View Details
    • $1,100,000
      2,772 SF

      Updated Two-Family Seashore Colonial

      Updated two-family home near the beach, close to amenities.
      101 Heck Avenue, Ocean Grove, NJ 07756
      View Details
    • $650,000

      Mixed-Use Investment Property, Ocean Grove

      Prime corner property in historic Ocean Grove, near the beach.
      78 Main Avenue, Ocean Grove, NJ 07756
      View Details
    • $1,300,000

      Ocean Grove Multifamily Investment

      Legal 3-family property near beach and boardwalk in Ocean Grove.
      123 Main Avenue, Ocean Grove, NJ 07756
      View Details
    • $1,999,000

      Ocean Grove Hotel Near Beach

      21-room hotel/boarding house less than 2 blocks from the beach.
      32 Embury Avenue, Ocean Grove, NJ 07756
      View Details
    • $395,000
      806 SF

      Retail Condo in Ocean Grove

      Prime location retail condo near the Ocean Grove boardwalk.
      57 Main Avenue, Ocean Grove, NJ 07756
      View Details
    • $3,395,000
      9,427 SF

      Historic Hotel with Ocean Views

      Historic Ocean Grove hotel with restaurant and ocean views.
      5 Abbott Avenue, Ocean Grove, NJ 07756
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property near downtown, beaches, and Asbury Park.
    Where is this duplex located?
    The property is located at 93 Heck Avenue Ocean Grove, NJ.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: Renovated 2‑family home in Historic Ocean Grove.; Apartment 1: Features 3 bedrooms with hardwood floors, 9' ceilings, and historic woodwork.; Rear apartment: Renovated studio, ideal for guests or income.
    (732) 776-6400
    We can help!
    Listing Contact
    Jack Green IV
    Real Estate License ID: 0902169
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!