Three-Story Mixed-Use
New
For Sale
$1,599,000
1020 Asbury Ave, Ocean City, NJ 08226
MULTI-FAMILY, Ocean City, NJ
Property SizeContact for details
Days on Market1
Property Features for 1020 Asbury Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Kitchen, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 4, Bedroom 2
Patio and Porch features
Deck, Patio, Porch
Exterior features
Curbs, Deck, Patio, Porch, Shed
Appliances
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
Lot features
Boardwalk Area
Directions
Asbury Ave 1020
Subdivision
Ocean City/Central
Standard status
Active
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4200
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Zoned, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private in-unit laundry
Building Details
Year built
1924
Number of units
3
Buildings
1
Listing Agency:
BHHS FOX and ROACH-Simpson OC
(609) 399-0041
Listed By:
ROBERT IDELL
(856) 207-1670
Added: Oct 28
Last Checked: Oct 28 at 10:06PM
MLS# 613258
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1924, this three-story property combines ground-floor commercial space with two residential units above. The second-floor residence has four bedrooms and one full bath; the third-floor unit includes three bedrooms and one full bath. Both residences have been remodeled, are furnished, and include private in-unit laundry. The property also has a deck, patio, porch, and shed, with natural gas forced-air heating and zoned central air conditioning.
At 10th Street and Asbury Avenue in downtown Ocean City, the property is near shops, restaurants, and downtown attractions, with the Boardwalk and beaches a short walk away. Each unit has one private parking spot. All three units are scheduled to be delivered vacant at settlement.
At 10th Street and Asbury Avenue in downtown Ocean City, the property is near shops, restaurants, and downtown attractions, with the Boardwalk and beaches a short walk away. Each unit has one private parking spot. All three units are scheduled to be delivered vacant at settlement.
Key Highlights
- Three‑story mixed‑use property built in 1924
- Ground‑floor commercial space with two residential units above
- Second‑floor unit has 4 bedrooms and 1 full bath; third‑floor unit has 3 bedrooms and 1 full bath
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,612
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 26%
Groceries 25%
Home Improvements & Furnishings 11%
ACME Markets
Groceries
18,185 visits/mo
0.2 miles
Wawa
Shops & Services
11,847 visits/mo
0.3 miles
McDonald's
Dining
9,114 visits/mo
0.1 miles
Starbucks
Dining
9,021 visits/mo
0.1 miles
Dunkin' Donuts
Dining
4,788 visits/mo
0.1 miles
Demographics for 08226, NJ
11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper levels contain two remodeled residences with private laundry and furnished interiors.
Where is this mixed-use property located?
The property is located at 1020 Asbury Ave Ocean City, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Three‑story mixed‑use property built in 1924; Ground‑floor commercial space with two residential units above; Second‑floor unit has 4 bedrooms and 1 full bath; third‑floor unit has 3 bedrooms and 1 full bath
