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Corner Duplex
For Sale
$1,400,000

728 Pennlyn Pl, Ocean City, NJ 08226

Two-unit residential property with on-site parking in the Beach and Boardwalk Zone.

Property SizeContact for details
Days on Market661

Property Features for 728 Pennlyn Pl

General Information

Standard status Active
Property subtype Residential Income
Zoning Beach and Boardwalk Zone

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,653

Building Details

Year Built 1972
Buildings 1
Listing Agency: MONIHAN REALTY-A
Listed By: KENNETH COOPER, ABR, OCRES, RSPS, PSA, C2EX · License #8439946
Source: Exprealty
Added: Nov 10, 2024 Changed: Sep 2 Last Checked: Sep 1 at 9:30PM

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 MONIHAN REALTY-A

Investment Insights

Based on property information with market context.

Located at 728 Pennlyn Pl in Ocean City, this duplex offers ownership of the complete two-unit property rather than a single residence. The corner-site configuration provides the property with exposure on two sides, while on-site parking is available for occupants or guests.

Originally constructed in 1972, the property is situated within the Beach and Boardwalk Zone. Its residential duplex format and existing parking support continued use as a two-unit property, subject to applicable requirements and approvals.

Key Highlights

  • Duplex property at 728 Pennlyn Pl, Ocean City, NJ
  • Originally built in 1972
  • Located in the Beach and Boardwalk Zone

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store Home Appliance 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

1,060
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two-unit residential property with on-site parking in the Beach and Boardwalk Zone.
Where is this duplex located?
The property is located at 728 Pennlyn Pl Ocean City, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Duplex property at 728 Pennlyn Pl, Ocean City, NJ; Originally built in 1972; Located in the Beach and Boardwalk Zone
More about this property
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