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    Asbury Park, NJ Multifamily Properties for Sale

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    Asbury Park Three-Family Home
    Updated: May 27
    Asbury Park Three-Family Home

    1702 Grand Avenue, Asbury Park, NJ 07712

    $1,350,000
    3,600 sqft 0.11 AC lot
    Brick three‑family home with 4 bedrooms total, including two 1BR/1BA units and one oversized 2BR/2BA unit
    Professionally managed property with multiple bathrooms and a basement
    Year built: 1950; heating includes forced air with zoned systems
    Cooling includes zoned system and central air
    Roof includes shingle and flat roofing; water source is public and sewer is public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    1702 Grand Avenue, Asbury Park, NJ 07712

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $60K
      Annual

    • Price @ 7% Cap

      $861K
      Suggested

    • Property Type

      Single Family Residence
      Built 1950
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    Recently Renovated 3-Family Corner
    Updated: Jun 16
    Recently Renovated 3-Family Corner

    413 Ridge Avenue, Asbury Park, NJ 07712

    $1,099,999
    2,037 sqft 0.05 AC lot
    Recently renovated 3‑family building with 2,000+ sq ft of income‑producing space
    Unit mix: two 3BR/1BA apartments plus one 1BR/1BA apartment
    Total layout includes 6 bedrooms and 3 bathrooms across the three units
    Tenant‑occupied and currently generating rental revenue
    Public water and public sewer
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    Four-Unit Multi-Family Property
    Four-Unit Multi-Family Property

    1111 2nd Avenue, Asbury Park, NJ 07712

    $1,575,000
    1,834 sqft 0.16 AC lot

    Two structures totaling four units, with all units offering two bedrooms and one full bathroom.

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    Renovated Two-Family Home
    Renovated Two-Family Home

    1257 Washington Avenue, Asbury Park, NJ 07712

    $849,999
    1,960 sqft 0.08 AC lot

    Renovated two-family residence with finished basement, offering flexibility for investors and owner-occupants in Asbury Park.

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    Renovated Three-Family Corner Property
    Renovated Three-Family Corner Property

    413 Ridge Ave, Asbury Park, NJ 07712

    $1,099,999
    2,000 sqft

    Recently renovated three-unit building with tenant occupancy and a mix of 3BR and 1BR layouts.

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    Multifamily Property in Asbury Park
    Multifamily Property in Asbury Park

    912 Sunset Avenue, Asbury Park, NJ 07712

    $939,000
    1,119 sqft 0.17 AC lot

    Multifamily property in a rapidly growing Asbury Park neighborhood.

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    Asbury Park Multifamily Home
    Asbury Park Multifamily Home

    1284-1286 Washington Avenue, Asbury Park, NJ 07712

    $949,000
    2,240 sqft 0.17 AC lot

    Two-family home near beach with income potential.

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    Luxury Condo Near the Ocean
    Luxury Condo Near the Ocean

    300 Cookman Avenue #326, Asbury Park, NJ 07712

    $1,275,000
    2,463 sqft

    Well-maintained condo with ocean views, chef's kitchen, and parking.

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    Vacant Two-Family with Detached Garage
    Vacant Two-Family with Detached Garage

    119 Ridge Avenue, Asbury Park, NJ 07712

    $550,000
    0.15 AC lot

    Vacant two-family with separate living spaces, a detached garage with an apartment above, and private driveway on a spacious lot.

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    Two Buildings on One Lot
    Two Buildings on One Lot

    101-103 Ridge Avenue, Asbury Park, NJ 07712

    $799,000
    4,500 sqft 0.16 AC lot

    Two buildings on one lot present an investment opportunity.

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    Renovated 5-Unit Apartment Building
    Renovated 5-Unit Apartment Building

    905 Grand Avenue, Asbury Park, NJ 07712

    $1,100,000
    4,086 sqft 0.09 AC lot

    Turnkey, fully leased building offering two studios and three one-bedrooms with newer electrical and boiler.

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    Tenant-Occupied Quadplex For Sale
    Tenant-Occupied Quadplex For Sale

    509 4Th Ave, Asbury Park, NJ 07712

    $1,400,000
    0.17 AC lot

    Four-unit rental property offered for sale with tenant occupancy and a 24-hour showing notice requirement.

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    Victorian Duplex with Private Cottage
    Victorian Duplex with Private Cottage

    604 4th Avenue, Asbury Park, NJ 07712

    $1,325,000
    0.17 AC lot

    Maintained Victorian offers flexible living with a separate 2-bedroom, 1-bath cottage and private gardens near Asbury Park’s beach area.

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    Asbury Park Microunit Development Site
    Asbury Park Microunit Development Site

    710 Mattison Avenue, Asbury Park, NJ 07712

    $5,000,000
    39,600 sqft 0.30 AC lot

    Approved 48-unit microunit apartment development with historic theater.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 14 Active listings in Asbury Park, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Townhouse-Style Residence
    Three-Unit Townhouse-Style Residence

    150 Lake Avenue, Ocean Grove, NJ 07756

    $1,800,000
    3,996 sqft 0.11 AC lot

    Townhouse-style three-family built in 1987 with separate utilities and dedicated parking plus one-car garages for each unit.

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    Neptune Township Multi-Family Home
    Neptune Township Multi-Family Home

    611 Bingham Street, Neptune, NJ 07753

    $480,000
    1,552 sqft 0.23 AC lot

    Legal two-family home in a prime Neptune Township location.

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    Turnkey Two-Family Victorian
    Turnkey Two-Family Victorian

    141 Main Avenue, Ocean Grove, NJ 07756

    $999,000
    2,280 sqft

    Two-family Victorian with updated units, CAC, and a side patio near Ocean Grove beach access.

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    Two Detached Houses on One Lot
    Two Detached Houses on One Lot

    1702 Summerfield Avenue, Neptune, NJ 07753

    $390,000
    1,736 sqft 0.15 AC lot

    Two detached houses on one lot in Neptune Township, NJ.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Flatbush Development Property For Sale
    Flatbush Development Property For Sale

    14 E 32nd Street lot: 13, Brooklyn, NY 11226

    $1,249,000
    1,407 sqft 0.09 AC lot

    40 x 100 lot with R6, C1-2 zoning.

    View details
    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details
    Land Near Camelback Resort
    Land Near Camelback Resort

    250 Big Hill Pass, Scotrun, PA 18355

    Contact for pricing
    0.18 AC lot

    Open lot near Camelback, suitable for RV, tiny home, or mobile.

    View details
    Expansive Land Parcel in Holmes
    Expansive Land Parcel in Holmes

    545 Grape Hollow Road, Holmes, NY 12531

    $750,000
    2,480 sqft 75.32 AC lot

    75+ acre land parcel with garage near I-84.

    View details

    Off-Market Properties in Asbury Park, NJ

    Consider similar Off-Market properties in Asbury Park, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    406 6th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    406 6th Ave, Asbury Park, NJ 07712-5473

    $1,400,000
    Estimated value
    3,977 sqft 0.26 AC lot
    View details
    507 1st Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    507 1st Ave, Asbury Park, NJ 07712-6166

    $890,000
    Estimated value
    2,334 sqft 0.09 AC lot
    View details
    402 5th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    402 5th Ave, Asbury Park, NJ 07712-5459

    $530,000
    Estimated value
    3,045 sqft 0.17 AC lot
    View details
    922 4th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    922 4th Ave, Asbury Park, NJ 07712-5036

    $1,790,000
    Estimated value
    5,400 sqft 0.13 AC lot
    View details
    605 1st Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    605 1st Ave, Asbury Park, NJ 07712-5977

    $785,000
    Estimated value
    4,388 sqft 0.17 AC lot
    View details
    121 Rdg Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    121 Rdg Ave, Asbury Park, NJ 07712-6780

    Value Estimation by Request
    2,694 sqft 0.15 AC lot
    View details
    212 3rd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    212 3rd Ave, Asbury Park, NJ 07712-6083

    $3,375,000
    Estimated value
    16,968 sqft 0.36 AC lot
    View details
    213 2nd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    213 2nd Ave, Asbury Park, NJ 07712-6264

    $2,520,000
    Estimated value
    17,712 sqft 0.40 AC lot
    View details
    401 Sunset Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    401 Sunset Ave, Asbury Park, NJ 07712-5464

    $1,490,000
    Estimated value
    5,054 sqft 0.37 AC lot
    View details
    616 4th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    616 4th Ave, Asbury Park, NJ 07712-8800

    $1,190,000
    Estimated value
    3,451 sqft 0.13 AC lot
    View details

    Asbury Park, NJ Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Asbury Park, NJ, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 63,605 square feet of properties for sale, with an estimated market value of $14,461,997.

    Sale prices for multifamily properties in Asbury Park, NJ start at $799,000, averaging $1,446,199, and reaching up to $5,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 5
    Duplexes 5
    Triplexes 3
    Quadplexes 1

    Demographics Overview

    Population 40K
    Population Growth (5Y) +3.0%
    Median Household Income $95,691
    College Educated 67.6%

    High-Yield Neighborhoods for Investment

    Identify Asbury Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07712 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.45%
    Property Tax per SF $8.00 per SF
    Tax Rate vs County Average 0.38 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monmouth County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monmouth County

    Retail

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