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Waterfront Multifamily Compound
For Sale
$4,750,000

66 1/2 Ocean Avenue, Manasquan, NJ 08736

Includes two cottages and a separate waterfront residence with shared access through the front homes.

Property SizeContact for details
Days on Market8

Property Features for 66 1/2 Ocean Avenue

General Information

Standard status Active
Property subtype Multi-family

Additional Details

Asking Price $4,750,000

Building Details

Year Built 1986
Buildings 3
Listing Agency: Ward Wight Sotheby's International Realty
Listed By: Joanne Zapicchi
Source: Actionplusrealty
Added: Sep 14 Changed: Sep 20 Last Checked: Sep 20 at 9:14AM

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 Ward Wight Sotheby's International Realty

Investment Insights

Based on property information with market context.

This multifamily compound comprises three separate parcels and three residential buildings: a waterfront residence accompanied by two cottages. Together, the buildings provide 9 bedrooms and 6 baths. The waterfront residence is reached through an easement across the two front cottages, creating a defined access arrangement within the property. The improvements date to 1986.

Outdoor features include a waterfront deck and patio, with direct access to recreational activities such as kayaking, fishing, boating, swimming, and crabbing. The property is a few blocks from the beach and a short bike ride from downtown Manasquan, including shops, theater, and dining. The three-building configuration supports a range of residential and rental-use possibilities while retaining the coastal setting.

Key Highlights

  • Three separate parcels offered as one multifamily compound
  • Three residential buildings: one waterfront residence and two cottages
  • Combined 9 bedrooms and 6 baths

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Parts Store Daycare Center Barber Shop (Bike/Boat/Book/etc) Store Pharmacy Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

166
Businesses Nearby

Demographics for 08736, NJ

12,566
Population
6,155
Households
2
Avg Household Size
49
Median Age
70%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
2,674
Density / Sq Mi
$170,042
Median Household Income
$72,924
Median Earnings
$1,838
Median Rent
$849,800
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?
Multifamily property - Includes two cottages and a separate waterfront residence with shared access through the front homes.
Where is this multifamily property located?
The property is located at 66 1/2 Ocean Avenue Manasquan, NJ.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Three separate parcels offered as one multifamily compound; Three residential buildings: one waterfront residence and two cottages; Combined 9 bedrooms and 6 baths
More about this property
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