Three-Unit Residential Income
502 Laurel Avenue Point Pleasant Beach, NJ 08742
New
502 Laurel Avenue, Point Pleasant Beach, NJ, 08742
$1,499,900
For Sale
$1,499,900
MULTI_FAMILY - Point Pleasant Beach, NJ
Property Size2,781 SF
Lot Size0.20 Acres
Price / SF$539.34
Days on Market5
Property Features for 502 Laurel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 3
- Parking features
- Off Street
- Basement
- Walk-Out Access, Full
- Standard status
- Active
- APN
- 26-00077-0000-00014
- Size
- 2,781 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8523
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
Listing Agency
RE/MAX Bay Point Realtors
(732) 899-8202
526 Bay Avenue, Point Pleasant Beach, NJ
Listed by
Ronald J Stoner · License #9231127
(732) 899-8202
Added: Jul 13 Checked: Jul 17 at 12:06 pm
MLS# 22621332
Listing URL
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Coming soon with showings beginning Friday, July 17, 2026. This three-unit residential income property is a single, three-family home at 502 Laurel Avenue in Point Pleasant Beach, NJ 08742.
The first floor unit includes a large enclosed front porch, three bedrooms, a full bathroom with tub, an eat-in kitchen, a large living room, and a dining room. There is walk-down access from the unit to the garage.
The second floor unit offers two bedrooms, a full bathroom with tub, an eat-in kitchen, and bathroom. The third floor unit features one bedroom, a full bathroom with a shower stall, a living room, and an eat-in kitchen. A long driveway and backyard parking are provided for off-street use.
The first floor unit includes a large enclosed front porch, three bedrooms, a full bathroom with tub, an eat-in kitchen, a large living room, and a dining room. There is walk-down access from the unit to the garage.
The second floor unit offers two bedrooms, a full bathroom with tub, an eat-in kitchen, and bathroom. The third floor unit features one bedroom, a full bathroom with a shower stall, a living room, and an eat-in kitchen. A long driveway and backyard parking are provided for off-street use.
Key Highlights
- Three‑family home with multiple bedroom/bathroom units: Bedroom 1–6 plus Bathrooms 1–3
- Off‑street parking with long driveway and backyard parking
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.1k | $25.56 |
| − Vacancy | −$4.6k | −$1.65 |
| EGI | $66.5k | $23.91 |
| − OpEx | −$19.9k | −$7.17 |
| NOI | $46.5k | $16.74 |
2,781 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.9K
$581.8K – $775.7K
NOI $46,543 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$610.9K
$534.6K – $712.8K
NOI $42,766 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$726.2K
$635.4K – $847.2K
NOI $50,832 @ 7.0% cap · market cap 3.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three separate residential units and driveway with backyard parking.
Where is this triplex located?
The property is located at 502 Laurel Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Three‑family home with multiple bedroom/bathroom units: Bedroom 1–6 plus Bathrooms 1–3; Off‑street parking with long driveway and backyard parking; Public water and public sewer
