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Victorian Duplex with Lake Views
New
For Sale
$1,999,000

103 Central Ave, Ocean Grove, NJ 07756

The two-family layout includes a separate first-floor apartment and additional living space across the upper levels.

Property Size3,099 SF
Price / SF$645.05
Days on Market6

Property Features for 103 Central Ave

General Information

Standard status Active
Size 3,099 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

porch
patio
outdoor shower

Building Details

Year Built 1911
Buildings 1
Stories 3
Construction Victorian
Listing Agency: Exp Realty
Listed By: William Hagan Group
Source: Williamhagangroup
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 5 at 6:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty

Investment Insights

Based on property information with market context.

This renovated 1911 Victorian is configured as a two-family property, with a first-floor apartment offering two bedrooms, two baths, a living room, hardwood floors, and an updated kitchen. The upper residence spans the second and third floors, with renovated kitchen and living areas, a primary bedroom with en-suite bath, additional bedroom or media space, and further rooms suitable for varied household needs.

A porch overlooks the lake and ocean. The oversized lot includes a rear yard, patio area, and outdoor shower. The property is located at 103 Central Ave in Ocean Grove.

Key Highlights

  • Two‑family Victorian built in 1911
  • First‑floor apartment has 2 bedrooms and 2 baths
  • Upper residence includes a primary suite, additional bedroom or media room, and third‑floor rooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Locksmith Accounting Firm Florist Butcher Cosmetic Store

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

1,512
Businesses Nearby

Demographics for 07756, NJ

3,164
Population
2,831
Households
1.1
Avg Household Size
58
Median Age
64%
College-Educated
92%
High-School Grad
0.4 sq mi
ZIP Area
7,910
Density / Sq Mi
$74,410
Median Household Income
$58,148
Median Earnings
$1,212
Median Rent
$764,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - The two-family layout includes a separate first-floor apartment and additional living space across the upper levels.
Where is this duplex located?
The property is located at 103 Central Ave Ocean Grove, NJ.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Two‑family Victorian built in 1911; First‑floor apartment has 2 bedrooms and 2 baths; Upper residence includes a primary suite, additional bedroom or media room, and third‑floor rooms
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