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Two-Dwelling Multifamily Property
For Sale
$509,000

86 Rte 50, Ocean View, NJ 08230

COMMERCIAL/INDUSTRIAL, Ocean View, NJ

Property SizeContact for details
Lot Size1.70 Acres
Days on Market42

Property Features for 86 Rte 50

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street
Interior features 220 Volt Electricity
Lot features Highway, Mainland
Directions ROUTE 50 (TUCKAHOE RD)
Subdivision Upper Twp
Standard status Active
Lot size 1.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3826

Utilities

Heating system Forced Air, Natural Gas
Water source Well

Building Details

Year built 1920
Number of units 3
Listing Agency: BHHS FOX and ROACH-Northfield
Listed By: RICHARD BAEHRLE · License #8436462
Added: Aug 13 Changed: Sep 13 Last Checked: Sep 23 at 9:06AM
MLS# 610853

Copyright © 2026 South Jersey Shore Regional MLS. 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 multifamily property includes two separate dwellings and a detached three-car garage on 1.70 acres. The site provides off-street parking, 220-volt electricity, natural gas, forced-air heating, and well water. Built in 1920, the property offers a multi-structure layout suited to residential income use, subject to verification of zoning, permitted uses, approvals, and other due diligence.

The property fronts Route 50 in Upper Township and is located near the Garden State Parkway, Sea Isle City, Strathmere, and Ocean City. Its roadside position and acreage provide a substantial setting for the existing residential improvements, garage, parking, equipment, and storage needs.

Key Highlights

  • Two separate dwellings on one property
  • Detached 3‑car garage
  • 1.70‑acre parcel with Route 50 frontage

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency (Bike/Boat/Book/etc) Store Restaurant Spa & Massage Center Furniture & Home Goods

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
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby

Demographics for 08230, NJ

5,908
Population
2,669
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
98%
High-School Grad
19.5 sq mi
ZIP Area
303
Density / Sq Mi
$110,667
Median Household Income
$63,750
Median Earnings
$1,757
Median Rent
$406,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Multifamily property with separate dwellings, a detached garage, and room for off-street parking on a sizable parcel.
Where is this multifamily property located?
The property is located at 86 Rte 50 Ocean View, NJ.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Two separate dwellings on one property; Detached 3‑car garage; 1.70‑acre parcel with Route 50 frontage
More about this property
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