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Historic Corner Triplex
For Sale
$1,499,000

1061 West Avenue, 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 Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 14
Bathrooms 3
Full bathrooms 3
Half bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 9, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 11, Bedroom 5, Laundry Room, Bedroom 10, Bedroom 2, Bedroom 13, Dining Room, Bedroom 12, Bathroom 1, Bedroom 6, Bedroom 14, Basement, Bedroom 7, Bedroom 8
Parking features Driveway
Exterior features Sidewalks, Outside Shower
Lot features Corner, Island
Subdivision Ocean City
Standard status Active
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4877

Utilities

Heating system Baseboard, Other (Heating), Natural Gas, Forced Air
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 ATLANTIC SHORE · Keller Williams Realty
Listed By: Alexander Huffard · License #1974903
Added: Mar 19 Changed: Oct 13 Last Checked: Oct 18 at 1:06AM
MLS# 260693

Copyright © 2026 Cape May County Association of Realtors. 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 three-unit property includes a side-by-side front building and a separate rear cottage on a 40x90 lot. The two front units each contain 6 bedrooms and 1.5 bathrooms, with living, dining, kitchen, half-bath, and utility areas on the first level. Each unit also has three second-floor bedrooms, a full bathroom, and three additional bedrooms on the third floor.

The rear cottage adds 2 bedrooms, 1 full bathroom, and a walk-up attic. Exterior features include an outdoor shower, additional storage, sidewalks, and a two-car driveway. The property is located at 1061 West Avenue in Ocean City, with public water service, natural gas, baseboard and forced-air heating, and ceiling fans for cooling.

Key Highlights

  • Three‑unit configuration with a side‑by‑side front building and separate rear cottage
  • Two front units each offer 6 bedrooms and 1.5 bathrooms
  • Rear cottage includes 2 bedrooms, 1 full bathroom, and a walk‑up attic

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
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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 - Three-unit coastal property with a detached rear cottage, outdoor shower, storage, and driveway parking.
Where is this triplex located?
The property is located at 1061 West Avenue 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: Three‑unit configuration with a side‑by‑side front building and separate rear cottage; Two front units each offer 6 bedrooms and 1.5 bathrooms; Rear cottage includes 2 bedrooms, 1 full bathroom, and a walk‑up attic
More about this property
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