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Two-Unit Corner Duplex
For Sale
$999,900
Pending

718-20 Bay Avenue, Ocean City, NJ 08226

Updated duplex with two separate units, including 3-bedroom/1-bath and 2-bedroom/1-bath layouts, plus attached parking and garage.

Property SizeContact for details
Days on Market147

Property Features for 718-20 Bay Avenue

General Information

Standard status Pending
Total Parking Spaces 1
Property subtype MULTI-FAMILY / Duplex

Additional Details

Fenced Yard Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,730

Amenities

Baseboard, Gas-Natural
Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator
Dining Area, Eat In Kitchen, Kitchen, Living Room
Ceiling Fan(s), Window Units
Concrete, Vinyl
Curbs, Fenced Yard, Outside Shower, Porch, Sidewalks

Building Details

Year Built 1952
Year Renovated 2015
Stories 2
Units 2
Tenancy Multi
Listing Agency: OCEAN CITY REALTY INC
Listed By: MARK GRIMES · License #SB8933684
Source: Compass
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 28 at 4:49PM

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 OCEAN CITY REALTY INC

Investment Insights

Based on property information with market context.

This northend corner duplex offers a single ownership opportunity with two independently configured residential units. The first-floor unit features 3 bedrooms and 1 bath, with hardwood floors in the living and dining rooms, built-in bookcases, a gas fireplace, and a covered front porch. It also includes a kitchen with granite countertops, a tile floor, and stainless appliances, along with an attached 1-car garage.

The second-floor unit provides 2 bedrooms and 1 bath and includes hardwood floors in the living area and a large porch. Additional property features include an enclosed outside shower, parking, a fenced yard, and new siding and roof completed in 2014/15. The property is one block to the bay and close to downtown, and is described as move-in ready.

Key Highlights

  • Updated northend corner duplex with two separate units—3 bed/1 bath on the first floor and 2 bed/1 bath on the second floor
  • First‑floor unit includes hardwood floors (living and dining), built‑in bookcases, gas fireplace, covered front porch, and attached 1‑car garage
  • Kitchen in the first‑floor unit features granite countertops, tile flooring, and stainless appliances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Catering Service Home Appliance Store (Bike/Boat/Book/etc) Store Florist

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

2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

1,381
Businesses Nearby

Demographics for 08226, NJ

11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
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?
Duplex - Updated duplex with two separate units, including 3-bedroom/1-bath and 2-bedroom/1-bath layouts, plus attached parking and garage.
Where is this duplex located?
The property is located at 718-20 Bay Avenue Ocean City, NJ.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Updated northend corner duplex with two separate units—3 bed/1 bath on the first floor and 2 bed/1 bath on the second floor; First‑floor unit includes hardwood floors (living and dining), built‑in bookcases, gas fireplace, covered front porch, and attached 1‑car garage; Kitchen in the first‑floor unit features granite countertops, tile flooring, and stainless appliances
More about this property
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