Historic Two-Family
104-106 Mt Tabor Way Ocean Grove, NJ 07756
For Sale
$829,000
Two attached residences each offer two levels with three bedrooms and access to a porch and private yard space.
Property Size2,890 SF
Price / SF$286.85
Days on Market143
Property Features for 104-106 Mt Tabor Way
General Information
- Standard status
- Active
- Size
- 2,890 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing Agency:
Jack Green Realty
(732) 776-6400
Listed By:
Margaret Sieczkowski · License #1326636
(732) 776-6400
Source:
Compass
Added: Mar 3
Changed: Jul 23
Last Checked: Jul 23 at 5:17PM
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 Jack Green Realty
Investment Insights
Based on property information with market context.
This historic two-family residence is comprised of two attached homes, each laid out over two levels. Both sides provide three bedrooms and two to three bathrooms, along with generous living space. The property also includes porch access and private yard space that can support outdoor dining and lounging. While the home is described as awaiting restoring, it offers a clear renovation canvas for an owner-occupant or an income-focused buyer.
The property is set in historic Ocean Grove and is described as located just blocks from the ocean, boardwalk, and downtown shops and restaurants.
Overall, the configuration is well-suited to a two-unit setup within a single attached building, with outdoor areas that complement the indoor living space on both sides.
The property is set in historic Ocean Grove and is described as located just blocks from the ocean, boardwalk, and downtown shops and restaurants.
Overall, the configuration is well-suited to a two-unit setup within a single attached building, with outdoor areas that complement the indoor living space on both sides.
Key Highlights
- Two attached residences in historic Ocean Grove, each with 2 levels
- Each unit features 3 bedrooms and 2 full/half baths (2/3 baths per residence)
- Home includes a full basement and 1 fireplace
Financial Insights For Multifamily LT 5
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 | $73.9k | $25.56 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.1k | $23.91 |
| − OpEx | −$20.7k | −$7.17 |
| NOI | $48.4k | $16.74 |
2,890 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.0K
$604.6K – $806.1K
NOI $48,368 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$634.9K
$555.5K – $740.7K
NOI $44,442 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$754.6K
$660.3K – $880.4K
NOI $52,825 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two attached residences each offer two levels with three bedrooms and access to a porch and private yard space.
Where is this duplex located?
The property is located at 104-106 Mt Tabor Way Ocean Grove, NJ.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two attached residences in historic Ocean Grove, each with 2 levels; Each unit features 3 bedrooms and 2 full/half baths (2/3 baths per residence); Home includes a full basement and 1 fireplace
