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8-Unit Multifamily Building
For Sale
$4,299,000

655 Westwood Avenue, Long Branch, NJ 07740

Existing 8-family apartment building on an oversized 125' x 494' lot totaling about 1.3 acres.

Property Size5,146 SF
Lot Size1.30 Acres
Price / SF$835.41
Days on Market73

Property Features for 655 Westwood Avenue

General Information

Standard status Active
Size 5,146 SF
Lot size 1.30 Acres
Property subtype Multi-family

Additional Details

Multifamily Units 8

Building Details

Year Built 1900
Listing Agency: American Homes Group
Listed By: Michael Mizrahi
Source: Actionplusrealty
Added: May 21 Changed: Jul 17 Last Checked: Aug 1 at 3:30AM

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

Investment Insights

Based on property information with market context.

655 Westwood Avenue in Long Branch, NJ is an existing 8-family apartment building situated on an oversized 125' x 494' lot totaling approximately 1.3 acres. The property is currently improved with the multifamily structure, with the site size as a key consideration for future development or redevelopment plans.

The surrounding area is described as having high-end development, with proximity to the beach, shopping, dining, Monmouth University, and major transportation. The combination of an 8-family building and a large land footprint offers flexibility for builders, investors, and end-users evaluating the opportunity.

The provided property size is listed as 5,146 (unit of measure not specified), and the offering is presented for sale.

Key Highlights

  • Existing 8‑family apartment building
  • Oversized 125' x 494' lot totaling about 1.3 acres
  • Year built: 1900

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Auto Parts Store Accounting Firm Barber Shop Auto Repair Shop

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,510
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Existing 8-family apartment building on an oversized 125' x 494' lot totaling about 1.3 acres.
Where is this apartment building located?
The property is located at 655 Westwood Avenue 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: Existing 8‑family apartment building; Oversized 125' x 494' lot totaling about 1.3 acres; Year built: 1900
More about this property
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