Building Details

Year Built 1887

Listing Agency: American Homes Group

Listed By: Michael Mizrahi Show Phone

Source: Actionplusrealty

Added: Apr 30 Changed: Sep 2 Last Checked: Sep 2 at 8:25PM

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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

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Auto Repair Shop Barber Shop Electrical Service Building Supply

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

12

Residential units

Location Intelligence

Trade Area within ½ mile

452

Businesses Nearby

Explore this area Business Placement

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

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 - 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