Ocean City, NJ Multifamily Properties for Sale

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36 properties

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Updated: Mar 20

Historic Ocean City Corner Triplex

1061 WEST Avenue, Ocean City, NJ 08226

$1,499,000

3,956 sqft 0.08 AC lot

Historic corner triplex in Downtown Ocean City built in 1902 on a 40x90 lot
Front building has a rare side‑by‑side layout with 2 units; each unit offers 6 bedrooms and 1.5 bathrooms
Front units include first‑floor living room, dining room, kitchen, half bathroom, and utility room; second floor has 3 bedrooms and 1 full bathroom
Front building third floor provides 3 additional bedrooms, adding space per unit
Separate rear cottage features 2 bedrooms, 1 full bathroom, and a walk‑up attic for storage or future use

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Updated: Jul 13

Furnished Beach-Block Triplex

814 E 7th Street, Ocean City, NJ 08226

$2,649,900

Two 3‑bedroom, 2‑bathroom units plus one 1‑bedroom, 1‑bathroom unit
Furnished triplex with cosmetic upgrades completed over the last few years
Eight homes from the beach and boardwalk in Ocean City's North End
Off‑street parking, secure storage, and outdoor grilling area
Ocean views, porches, and an outside shower

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Elevator-Served Short-Term Rental Property

1009 Wesley Ave, Ocean City, NJ 08226

$2,099,900

Spacious first-floor condominium with multiple outdoor living areas, beach access, and substantial parking accommodations.

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Historic Corner Triplex

1061 West Ave, Ocean City, NJ 08226

$1,499,000

3,956 sqft 0.08 AC lot

Three residences include a two-unit front building and a separate rear cottage with storage space.

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Under-Construction Duplex Condo with Decks

36 Morningside Road, Ocean City, NJ 08226

$2,499,000

Under-construction 2027 duplex condo with 6 bedrooms, 4 full baths, and large front and rear decks.

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Residential Income Property with Garage

1115 West Ave, Ocean City, NJ 08226

$1,149,999

First-floor condominium with furnished interiors, private outdoor space, and established short-term rental operations near the shore.

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Furnished Short-Term Rental Property

1117 West Ave, Ocean City, NJ 08226

$1,199,999

Second-floor coastal residence with established rental history, future bookings, private garage, and beach-oriented amenities.

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Historic Duplex with Separate Unit

648-650 Asbury Ave, Ocean City, NJ 08226

$1,525,000

3,332 sqft 0.07 AC lot

Two residences provide flexible living arrangements, including a main home over an independent lower-level apartment.

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Furnished Short-Term Rental Condo

814 E 7th Street, Ocean City, NJ 08226

$999,900

Second-floor condominium with updated finishes, outdoor entertaining space, and proximity to the beach, boardwalk, and downtown amenities.

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Furnished Short-Term Rental Condo

814 E 7th Street, Ocean City, NJ 08226

$949,900

Maintained first-floor condominium with an open layout, covered porch, private storage, and established summer rentals.

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Duplex with Rooftop Deck

3701 Central Ave, Ocean City, NJ 08226

$3,875,000

4,718 sqft

Renovated two-family coastal residence with ocean views, generous outdoor areas, and immediate beach access.

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Four-Bedroom Residential Income Property

907 2nd Street, Ocean City, NJ 08226

$1,899,900

First-floor residence with two decks, ocean views, and garage parking near the beach and boardwalk.

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Historic Duplex with Elevator

648-650 Asbury Avenue, Ocean City, NJ 08226

$1,525,000

Two separate living units combine with historic detailing, three off-street parking spaces, and an elevator serving the main living floor.

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Furnished Three-Unit Beach-Block Property

814 E 7th St, Ocean City, NJ 08226

$2,649,900

3,200 sqft

Three distinct residences include two larger layouts, a compact rear unit, and shared outdoor amenities near the beach and boardwalk.

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Historic Duplex with Elevator

648-650 Asbury Ave, Ocean City, NJ 08226

$1,525,000

Separate main and ground-floor units offer seven bedrooms, three bathrooms, and a first-floor primary bedroom.

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Furnished New-Construction Duplex

1115-1117 West Ave, Ocean City, NJ 08226

$2,349,900

Two residences offer separate entrances, upgraded interiors, and expansive outdoor living areas.

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Flexible Short-Term Rental Property

840/842 Wesley Ave # 840 & 842, Ocean City, NJ 08226

$3,425,000

3,372 sqft

Two rentable units can operate independently or connect for larger vacation groups, with elevator access and walkable beach access.

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Historic Six-Unit Apartment Building

816 Wesley Ave, Ocean City, NJ 08226

$2,795,000

Restored multifamily property combines a primary residence with five additional apartments and public water and sewer.

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Victorian Multi-Unit Hospitality Residence

300 East 10th Street, Ocean City, NJ 08226

$1,499,900

3,571 sqft

Versatile 13-bedroom Victorian home with newly remodeled first-floor kitchen and indoor/outdoor gathering spaces.

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Duplex with Private In-Ground Pool

1705 Wesley Avenue, Ocean City, PA 08226

$2,499,000

Duplex-style coastal property with a private in-ground pool, central air, and owner-friendly living space on the ground level.

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Two-Unit Cottage with Porches

826 Stenton Place, Ocean City, NJ 08226

$1,399,000

1,620 sqft

Separate upper and first-floor residences offer a five-bedroom layout, outdoor living areas, and on-site laundry facilities.

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Three-Bedroom, Two-Bath Duplex

5724 Asbury Ave, Ocean City, NJ 08226

$1,050,000

Three-bedroom, two-bath duplex with central air and public utilities, located two blocks from the Southend beaches.

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Turn-Key Vacation Duplex

840 Wesley Avenue, Ocean City, NJ 08226

$3,490,000

3,372 sqft

Duplex configured for up to 28 guests with 10 bedrooms, 6 bathrooms, private elevator, and off-street parking for six.

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Corner Triplex with Rear Cottage

1061 West Ave, Ocean City, NJ 08226

$1,499,000

Historic corner triplex on a CB-1 lot with a separate rear cottage, public utilities, and a side-by-side front layout.

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Ocean City, NJ Multifamily Properties Market Trends and Statistics

Explore 60 multifamily properties for sale in Ocean City, NJ, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 38,773 square feet of properties for sale, with an estimated market value of $79,750,995.

Sale prices for multifamily properties in Ocean City, NJ start at $949,900, averaging $2,278,599, and reaching up to $7,700,000 — 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

Demographics Overview

Population 11K

Population Growth (5Y) +0.5%

Median Household Income $101,782

College Educated 78.7%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
08226	$2.3M

Taxes & Financing

Tax Rate (average for all types) 1.04%

Property Tax per SF $2.93 per SF

Tax Rate vs County Average 0.59 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cape May County

New Delisted

Total CRE Inventory on Market (SF)

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