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Triplex with Rear Cottage
For Sale
$1,499,000

1061 West Ave, Ocean City, NJ 08226

MULTI-FAMILY, Ocean City, NJ

Property SizeContact for details
Lot Size0.08 Acres
Days on Market214

Property Features for 1061 West Ave

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning CB-1
Bedrooms 24
Rooms Bedroom 22, Bedroom 23, Bedroom 4, Bedroom 21, Bedroom 20, Bedroom 2, Bedroom 17, Bedroom 9, Bedroom 15, Bedroom 18, Bedroom 13, Bedroom 3, Bedroom 19, Bedroom 8, Bedroom 24, Bedroom 16, Bedroom 6, Bedroom 12, Bedroom 1, Bedroom 11, Dining Room, Bedroom 14, Bedroom 7, Bedroom 10, Bedroom 5
Patio and Porch features Porch
Exterior features Curbs, Outside Shower, Porch, Sidewalks
Appliances Dishwasher, Dryer, Refrigerator, Self Cleaning Oven, Washer
Directions Located on the corner of 11th Street and West Avenue.
Subdivision Ocean City/Central
Standard status Active
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4877

Utilities

Sewer type Public Sewer
Heating system None (Heating), Other (Heating), Baseboard
Cooling system Ceiling Fan(s)
Water source Public

Amenities

outdoor shower
storage

Building Details

Year built 1902
Number of units 3
Listing Agency: KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE
Listed By: ALEXANDER HUFFARD · License #1974903
Added: Mar 19 Changed: Oct 11 Last Checked: Oct 18 at 1:06AM
MLS# 605797

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 1902, this corner triplex combines a side-by-side front building with a separate rear cottage on a 40-by-90-foot lot. Each of the two front units contains 6 bedrooms and 1.5 bathrooms, with living, dining, kitchen, half-bath, and utility areas on the first floor. The upper levels add three bedrooms and a full bathroom on the second floor, plus three more bedrooms on the third floor.

The rear cottage provides 2 bedrooms, 1 full bathroom, and a walk-up attic. Exterior features include a porch, outdoor shower, additional storage, sidewalks, curbs, and a two-car driveway. The property is served by public water and public sewer and includes a dishwasher, refrigerator, self-cleaning oven, washer, and dryer.

Key Highlights

  • Two side‑by‑side front units, each with 6 bedrooms and 1.5 bathrooms
  • Separate rear cottage with 2 bedrooms, 1 full bathroom, and walk‑up attic
  • 40‑by‑90‑foot corner lot

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Home Appliance Store Catering Service Veterinary Clinic (Bike/Boat/Book/etc) 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,481
Businesses Nearby

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
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

Frequently Asked Questions

What type of property is this?
Triplex - CB-1-zoned multifamily property with two side-by-side units, a detached cottage, and public utilities.
Where is this triplex located?
The property is located at 1061 West Ave Ocean City, NJ.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two side‑by‑side front units, each with 6 bedrooms and 1.5 bathrooms; Separate rear cottage with 2 bedrooms, 1 full bathroom, and walk‑up attic; 40‑by‑90‑foot corner lot
More about this property
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