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Two-Residence Multifamily Property
New
For Sale
$840,000

1000 River Avenue, Point Pleasant, NJ 08742

Multi-Family, Point Pleasant, NJ

Property Size1,067 SF
Lot Size0.34 Acres
Price / SF$787.25
Days on Market3

Property Features for 1000 River Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 3
Bathrooms 1
Full bathrooms 2
Rooms Bedroom 3, Basement, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking features On Street
Fencing Fenced
Basement Full
Lot features Corner Lot, Level
Elementary school Ocean
Middle school Memorial
High school Point Pleasant Borough
Directions Bridge Ave to River Ave
Subdivision Pt Plsnt Boro
Standard status Active
APN 25-00180-0000-00002
Size 1,067 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8271

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Multi Units
Water source Public

Building Details

Year built 1951
Floors in Building 1
Number of units 1
Flooring type Linoleum, Wood
Building materials Brick
Roof type Shingle
Listing Agency: Weichert Realtors-Brick
Listed By: Rachel Guarino
Added: Sep 22 Changed: Sep 23 Last Checked: Sep 24 at 2:06PM
MLS# 22628962

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 multifamily property at 1000 River Avenue includes two distinct residences on a 0.34-acre parcel. The primary dwelling provides 3 bedrooms, 1 full bath, wood and linoleum flooring, and a full basement. The second residence adds 2 bedrooms and 1 full bath with its own living area. The property measures 1067 square feet and was built in 1951, with brick construction, shingle roofing, forced-air heat, and multi-unit cooling.

Public water and public sewer serve the property. On-street parking is available, and the lot is fenced. The Point Pleasant setting places the property near beaches, waterways, restaurants, shopping, entertainment, and transportation, as well as within Ocean County, New Jersey.

Key Highlights

  • Two separate residences on a 0.34‑acre parcel
  • Primary residence includes 3 bedrooms, 1 full bath, and a full basement
  • Second residence offers 2 bedrooms and 1 full bath

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Big Box & Wholesale Store Auto Parts Store Dental Office Storage Facility

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

777
Businesses Nearby

Demographics for 08742, NJ

25,056
Population
12,604
Households
2
Avg Household Size
46
Median Age
52%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
4,474
Density / Sq Mi
$111,983
Median Household Income
$57,547
Median Earnings
$1,879
Median Rent
$576,300
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Pair of separate residences with five bedrooms, two full baths, and a full basement on a fenced lot.
Where is this multifamily property located?
The property is located at 1000 River Avenue Point Pleasant, NJ.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Two separate residences on a 0.34‑acre parcel; Primary residence includes 3 bedrooms, 1 full bath, and a full basement; Second residence offers 2 bedrooms and 1 full bath
More about this property
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