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Three-Unit Residential Income Property
For Sale
$2,895,000
Pending

3149 1st, Avalon, NJ 08202

Three rentable units include a first-floor 3-bedroom layout and two 1-bedroom units, including a detached rear cottage.

Property SizeContact for details
Days on Market298

Property Features for 3149 1st

General Information

Standard status Pending
Property subtype MULTI-FAMILY / Triplex

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $7,704

Amenities

Living Room, Kitchen
1.0
5.0
Furniture
1
2
3
3.0
5
Deck, Screened Porch, Sidewalks, Outside Shower

Building Details

Year Built 1950
Listing Agency: LONG & FOSTER REAL ESTATE, INC av
Listed By: Paul (Randy) Leiser · License #9332617
Source: Compass
Added: Nov 11, 2025 Changed: Aug 8 Last Checked: Jul 24 at 1:59PM

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 LONG & FOSTER REAL ESTATE, INC av

Investment Insights

Based on property information with market context.

This three-unit residential income property combines multiple living layouts with a flexible configuration. The first floor offers a 3-bedroom, 1.5-bath unit. Upstairs, there is a 1-bedroom, 1-bath unit, and at the rear there is an additional 1-bedroom, 1-bath detached cottage.

Set on a 50x110 lot, the property is described as within walking distance to the 32nd Street beach and also the 33rd Street beach path. It is also noted as being about a block to the west of the Avalon business district, putting shops and restaurants within easy reach.

Whether used as a vacation residence, rented as separate units, or considered in connection with future construction, the property’s three separate setups are designed to support multiple occupancy options.

Key Highlights

  • Three‑unit property: first‑floor 3‑bedroom 1.5‑bath unit plus two 1‑bedroom 1‑bath units
  • Detached rear cottage included (1‑bedroom, 1‑bath) as part of the 3‑unit setup
  • Exterior features include a deck, screened porch, sidewalks, and an outside shower

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Hair Salon Furniture & Home Goods Garden Center Electrical Service

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

477
Businesses Nearby

Demographics for 08202, NJ

1,350
Population
5,668
Households
0.2
Avg Household Size
64
Median Age
68%
College-Educated
98%
High-School Grad
6.9 sq mi
ZIP Area
196
Density / Sq Mi
$142,500
Median Household Income
$77,404
Median Earnings
$1,615
Median Rent
$1,566,700
Median Home Value

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?
Triplex - Three rentable units include a first-floor 3-bedroom layout and two 1-bedroom units, including a detached rear cottage.
Where is this triplex located?
The property is located at 3149 1st Avalon, NJ.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Three‑unit property: first‑floor 3‑bedroom 1.5‑bath unit plus two 1‑bedroom 1‑bath units; Detached rear cottage included (1‑bedroom, 1‑bath) as part of the 3‑unit setup; Exterior features include a deck, screened porch, sidewalks, and an outside shower
More about this property
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