Three-Family Residential Income
For Sale
$1,599,900
500 Park Place Avenue, Bradley Beach, NJ 07720
Three units on a corner lot with off-street parking and separate utilities, all currently rented.
Property Size1,560 SF
Days on Market164
Property Features for 500 Park Place Avenue
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Three Family
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,587
Amenities
side yard
Building Details
Building Size
1,560 SF
Year Built
1909
Construction
colonial
Tenancy
Multi
Listing Agency:
RE/MAX Revolution
(732) 867-8617
Listed By:
Richard Davidson · License #8630800
(732) 867-8617
Source:
Sackmanrealty
Added: Mar 20
Changed: Aug 23
Last Checked: Aug 29 at 1:48PM
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 three-family property includes a front colonial with a 3-bedroom, 1.5-bath layout, a full basement, and a loft attic. The front unit features an updated kitchen and high ceilings in the living room and dining room. A rear building provides two additional 2-bedroom apartments, and that rear structure also includes a basement.
The property sits on a 50-by-100 corner lot with off-street parking for two cars and a one-car garage. There is also a side yard suitable for outdoor entertaining. All three units have separate gas and electric service.
All three units are currently rented, making this a potential fit for investors, multi-generational living, or owner-occupied ownership.
The property sits on a 50-by-100 corner lot with off-street parking for two cars and a one-car garage. There is also a side yard suitable for outdoor entertaining. All three units have separate gas and electric service.
All three units are currently rented, making this a potential fit for investors, multi-generational living, or owner-occupied ownership.
Key Highlights
- 3‑family property (built 1909) on a 50x100 corner lot with off‑street parking for 2 cars and a 1‑car garage
- Front colonial unit: 3 bedrooms, 1.5 baths, full basement and loft attic; updated kitchen and high ceilings in living/dining rooms
- Rear building includes two additional 2‑bedroom apartments, and the rear building also has a basement
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 07720, NJ
4,175
Population
2,836
Households
1.5
Avg Household Size
47
Median Age
67%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,958
Density / Sq Mi
$94,722
Median Household Income
$52,661
Median Earnings
$1,710
Median Rent
$857,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units on a corner lot with off-street parking and separate utilities, all currently rented.
Where is this triplex located?
The property is located at 500 Park Place Avenue Bradley Beach, NJ.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: 3‑family property (built 1909) on a 50x100 corner lot with off‑street parking for 2 cars and a 1‑car garage; Front colonial unit: 3 bedrooms, 1.5 baths, full basement and loft attic; updated kitchen and high ceilings in living/dining rooms; Rear building includes two additional 2‑bedroom apartments, and the rear building also has a basement
