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Renovated Multifamily Unit

40 Ocean St # 2, Millburn, NJ 07041

For Sale
New
Contact for pricing

The second-floor rental includes three bedrooms, two full bathrooms, and shared laundry facilities.

Property SizeContact for details
Days on Market2

Property Features for 40 Ocean St # 2

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Public Transit Yes

Amenities

hardwood floors
updated cabinetry
stainless steel appliances
fully fenced private backyard
dedicated basement storage room
shared laundry facilities
Full
Tile,Wood
Gas-Natural
Second
3 Bedrooms,Bath Main,Bath(s) Other,Dining Room,Kitchen,Living Room
Dining L,Full Bath,Stall Shower,Tub Shower
3
In Building
13x11
14x13
14x10
12x10
12x11
18x12
Level Lot
Public Water
41X100
0.09
Metal Fence,Wood Fence

Building Details

Year Built 1975
Year Renovated 2012
Listing Agency:
Listed By: Reisha Baker
Source: Skyrealtyintl
Added: Nov 8 Last Checked: Nov 9 at 8:01AM

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 Reisha Baker

Rey
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Investment Insights

Based on property information with market context.

This second-floor multifamily rental was renovated in 2012 and has three bedrooms and two full bathrooms. Interior features include hardwood floors, updated cabinetry, stainless steel kitchen appliances, and a bay window in the living room. A separate dining room, basement storage room, and access to shared laundry round out the layout. Two assigned parking spaces and a fenced backyard are also included.

The property is a short distance from Taylor Park and downtown Millburn, where restaurants, shops, and Midtown Direct train service to New York City are located. The home was built in 1975.

Key Highlights

  • Three bedrooms and two full bathrooms
  • Renovated in 2012; year built 1975
  • Two assigned parking spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

2,165
Businesses Nearby

Demographics for 07041, NJ

7,649
Population
2,843
Households
2.7
Avg Household Size
41
Median Age
81%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
5,884
Density / Sq Mi
$220,923
Median Household Income
$109,375
Median Earnings
$1,969
Median Rent
$935,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Essex County, NJ

$337 Jul
$304 Aug
$274 Sep
$265 Oct

Properties on Market for Multifamily properties in Essex County

Jul
Aug
Sep
Oct

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?
Multifamily property - The second-floor rental includes three bedrooms, two full bathrooms, and shared laundry facilities.
Where is this multifamily property located?
The property is located at 40 Ocean St # 2 Millburn, NJ.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Renovated in 2012; year built 1975; Two assigned parking spaces
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