Eight-Unit Multifamily
655 Westwood Ave, Long Branch, NJ 07740
For Sale
$4,299,000
Set on a large parcel with an existing eight-family building, offering flexibility for residential redevelopment or continued use.
Property Size5,146 SF
Lot Size1.30 Acres
Price / SF$835.41
Days on Market138
Property Features for 655 Westwood Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
American Homes Group
Listed By:
Michael Mizrahi
(732) 289-3900
Source:
Obrienrealtyllc
Added: Jun 25
Changed: Oct 26
Last Checked: Nov 8 at 8:10AM
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 American Homes Group
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Investment Insights
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The property at 655 Westwood Ave is set on an oversized 125' x 494' lot totaling approximately 1.3 acres. It is currently improved with an existing 8-family building, with the public remarks emphasizing that significant value is tied to the land itself. This configuration can support investors and end-users looking for a multifamily asset on a deep, sizable footprint.
The site is described as being in one of Long Branch’s most desirable locations, surrounded by high-end development. The remarks also note proximity to the beach, shopping, and dining, along with access to Monmouth University and major transportation. BikeScore is listed at 63 and walkScore at 63, with a transitScore of 39.
For tenants and buyers, the existing eight-family structure provides immediate residential utility, while the large lot size may appeal to those considering redevelopment or a new residential concept consistent with the property’s scale. The combination of an income-oriented building and a substantial land component supports a range of practical residential and investment directions.
The site is described as being in one of Long Branch’s most desirable locations, surrounded by high-end development. The remarks also note proximity to the beach, shopping, and dining, along with access to Monmouth University and major transportation. BikeScore is listed at 63 and walkScore at 63, with a transitScore of 39.
For tenants and buyers, the existing eight-family structure provides immediate residential utility, while the large lot size may appeal to those considering redevelopment or a new residential concept consistent with the property’s scale. The combination of an income-oriented building and a substantial land component supports a range of practical residential and investment directions.
Key Highlights
- Oversized 125' x 494' lot (~1.3 acres) at 655 Westwood Avenue, Long Branch
- Existing 8‑family building on the property, offering redevelopment or continued use options
- Year built: 1900
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
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Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
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Average Price Trend$/SF for Apartment buildings in Monmouth County, NJ
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Set on a large parcel with an existing eight-family building, offering flexibility for residential redevelopment or continued use.
Where is this apartment building located?
The property is located at 655 Westwood Ave Long Branch, NJ.
What is the asking price?
The asking price for this property is $4,299,000.
What are key features of this property?
This property features: Oversized 125' x 494' lot (~1.3 acres) at 655 Westwood Avenue, Long Branch; Existing 8‑family building on the property, offering redevelopment or continued use options; Year built: 1900
