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Four-Unit Residential Income Property
For Sale
$1,575,000

1111 2ND Avenue, Asbury Park, NJ 07712

Two structures totaling four units, each with 2 beds and 1 full bath.

Property Size1,834 SF
Price / SF$858.78
Days on Market119

Property Features for 1111 2ND Avenue

General Information

Standard status Active
Size 1,834 SF
Property subtype Multi-family

Additional Details

Business Included No
Multifamily Units 4

Building Details

Year Built 1921
Listing Agency: RE/MAX Revolution
Listed By: Carla Colucci
Source: Actionplusrealty
Added: May 22 Changed: Sep 17 Last Checked: Sep 16 at 8:41PM

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 RE/MAX Revolution

Investment Insights

Based on property information with market context.

This four-unit residential income property consists of two structures with a total of four units under one tax bill. Each unit includes 2 bedrooms and 1 full bathroom. One unit is configured with an additional bonus room plus loft space, offering a larger layout compared to the others.

Located at 1111 2nd Avenue in Asbury Park, NJ, the property is described as being close to the beach and boardwalk, as well as nearby nightlife, restaurants, and summer concerts.

For buyers looking for a small, multi-unit setup, the property’s unit mix—three standard two-bedroom units and one enhanced unit with loft and bonus space—provides straightforward rental variety within a consolidated ownership structure.

Key Highlights

  • Two structures with 4 total units
  • Each unit features 2 bedrooms and 1 full bathroom
  • One unit includes a bonus room plus loft space

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Locksmith Butcher (Bike/Boat/Book/etc) Store Florist Fish Market Nursing Home

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,819
Businesses Nearby

Demographics for 07712, NJ

39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Two structures totaling four units, each with 2 beds and 1 full bath.
Where is this quadplex located?
The property is located at 1111 2ND Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two structures with 4 total units; Each unit features 2 bedrooms and 1 full bathroom; One unit includes a bonus room plus loft space
More about this property
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