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Tenant-Occupied Quadplex with Carriage House
For Sale
$1,400,000

509 4Th Ave, Asbury Park, NJ 07712

Multi-Family, Fixer Upper, Fourplex, Asbury Park City, NJ

Property SizeContact for details
Lot Size0.17 Acres
Days on Market89

Property Features for 509 4Th Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Basement, Bathroom 5, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1
Parking 2
Exterior features Carriage House
Directions From Rt. 35, take Asbury Ave. east to 4th Ave. Property is on the right.
Standard status Active
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 23655

Utilities

Sewer type Public Sewer
Heating system Other (Heating), Hot Water(Heating)
Water source Public

Building Details

Year built 1930
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: REALTY ONE GROUP PRODIGY
Listed By: WENDY MARTINEZ
Added: Jul 1 Changed: Sep 23 Last Checked: Sep 27 at 2:06PM
MLS# 4037853

Copyright © 2026 Garden State MLS, LLC. 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.

This tenant-occupied quadplex was built in 1930 and includes a carriage house, basement, seven bedrooms, and five bathrooms. The property has shingle roofing and hot-water heating, with an additional heating type identified in the property records.

Located at 509 4th Ave in Asbury Park City, the property sits on a 0.17-acre lot. Public water and public sewer serve the site. Seller requires 24-hour notice for showings and does not permit for-sale signage.

Key Highlights

  • Quadplex with 7 bedrooms and 5 bathrooms
  • Carriage house included
  • Built in 1930

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Auto Parts Store Locksmith Florist Butcher Computer & Electronic Repair

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,883
Businesses Nearby

Demographics for 07712, NJ

39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Seven-bedroom configuration includes a basement, public water, and public sewer service.
Where is this quadplex located?
The property is located at 509 4Th Ave Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Quadplex with 7 bedrooms and 5 bathrooms; Carriage house included; Built in 1930
More about this property
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