905 Grand Avenue, Asbury Park, NJ 07712
MULTI_FAMILY - Asbury Park, NJ
- Added:
- Mar 30, 2026
- Days on Market:
- 85
- Last Refresh:
- Jun 22 at 11:06 pm
Property Features for 905 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full
- Standard status
- Active
- APN
- 04-03301-0000-00007
- Size
- 4,086 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15708
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 5
Listing agent Patrick Schiavino License #0454705 (732) 798-8188
Listing office Sackman Realty 513 Cookman Ave., Asbury Park, NJ (732) 798-8188
Listing date Mar 30, 2026
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Renovated and maintained 5‑unit apartment building
- Attractive mix of 2 studios and 3 1‑BR units
- All units are currently leased
- Exterior recently renovated
- Newer electric and boiler
- Located on Grand Avenue
Overview
Located at 905 Grand Avenue in Asbury Park, New Jersey (Monmouth County), the building sits on a compact 0.09-acre lot. With a total size of 4,086 square feet, the offering is sized for owners seeking a manageable multifamily footprint.
From an owner-operator or investor perspective, the unit mix can support consistent rental demand with studios alongside one-bedroom apartments. With all units already leased and key systems updated, the property presents a streamlined option for those looking for a renovated residential income asset where maintenance and capital priorities have been addressed.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.6k | $30.00 |
| − Vacancy | −$8.3k | −$2.04 |
| EGI | $114.2k | $27.96 |
| − OpEx | −$51.4k | −$12.58 |
| NOI | $62.8k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Asbury Park
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.007183
- Latitude
- 40.221029
