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12-Unit Multifamily Renovation
For Sale
$4,299,000

88 Poplar Avenue, Deal, NJ 07723

12-family property with interior and exterior renovation underway, rough construction complete, and condo conversion process initiated.

Property Size6,295 SF
Price / SF$682.92
Days on Market227

Property Features for 88 Poplar Avenue

General Information

Standard status Active
Size 6,295 SF
Property subtype Multi-family

Additional Details

Multifamily Units 12

Building Details

Year Built 1887
Listing Agency: American Homes Group
Listed By: Michael Mizrahi
Source: Actionplusrealty
Added: Mar 11 Changed: Oct 21 Last Checked: Oct 23 at 10:49AM

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

Based on property information with market context.

This is a 12-family multifamily property being renovated with both interior and exterior improvements. The rough construction has already been completed, and the next owner can finish the project by installing the final interior and exterior finishes.

The property is positioned in the heart of Deal, with proximity to restaurants, shopping, and houses of worship.

In addition, the seller has initiated the condo conversion process and will provide all available documentation and information to the buyer.

Key Highlights

  • 12‑family property undergoing a full interior and exterior renovation
  • Rough construction is complete, with final finishes remaining
  • Condo conversion process has been initiated by the seller

Property Analytics

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Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby

Demographics for 07723, NJ

1,263
Population
1,194
Households
1.1
Avg Household Size
40
Median Age
34%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
789
Density / Sq Mi
$86,563
Median Household Income
$45,054
Median Earnings
$1,422
Median Rent
$1,341,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - 12-family property with interior and exterior renovation underway, rough construction complete, and condo conversion process initiated.
Where is this apartment building located?
The property is located at 88 Poplar Avenue Deal, 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: 12‑family property undergoing a full interior and exterior renovation; Rough construction is complete, with final finishes remaining; Condo conversion process has been initiated by the seller
More about this property
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