438 Shore Road, Somers Point, NJ 08244
MULTI_FAMILY - Somers Point, NJ
- Added:
- Jun 17, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 20 at 9:06 am
Property Features for 438 Shore Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1
- Standard status
- Active
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7806
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Number of units
- 3
Listing agent Mark Benevento, II License #2336427 (609) 402-1906
Listing office Compass New Jersey-Ocean City (O463E) 201 34th Street, Ocean City, NJ (609) 322-7390
Listing date Jun 17, 2026
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing triplex with 2 one‑bedroom units and a studio
- Current monthly rents: $1,333 (1BD), $1,800 (1BD), and $1,300 (studio) for $4,433/month combined gross income
- Unit 3 (one‑bedroom) currently $1,300/month with projected post‑renovation rent of $1,700/month
- Projected stabilized gross income: $4,833/month (based on projected Unit 3 rent)
- Built circa 1900; approximately 1,795 sq ft on a 0.17‑acre lot
- Utilities: public water and public sewer; heating is forced air
Overview
Located at 438 Shore Road in Somers Point, the property is positioned on one of the area’s most traveled corridors, with proximity described as just minutes to Ocean City, the bay, and Shore Medical Center. The remarks also note that the location is intended to support year-round occupancy.
This offering is well suited to an owner-occupant looking to help offset carrying costs, or an investor seeking a low-maintenance addition to a South Jersey coastal portfolio. With the stated current rent roll and a clear path to the projected rent increase for Unit 3, the property provides an execution-based approach for buyers evaluating acquisition at current income levels or completing the light renovation for market-rate performance.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Somers Point
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.590668
- Latitude
- 39.320213
