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Property profile & analytics
OFF-MARKET Estimated value $1,075,000
Residential income homes

308 7th Ave Asbury Park, NJ 07712-5247

3,753 SF 0.17 ac lot Built 1900
Entity Owned 3-yr Hold Absentee Owner
Property ID
US59-3000345
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1900
Construction FRAME
Total area 3,753 SF
Lot 0.17 ac (7,500 SF)
Zoning code R2
APN 04 03603-0000-00006
UPID US59-3000345
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
$965k
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$1.08M
Owner & transaction history
Asbury Park Management LLC · 3 yrs held
Asbury Park Management LLC
since 2022
Last sale
$1.0M
1 recorded transaction
2022
$1.0M
Zoning & alternative use
R2 · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(R2) - One and Two Family Residential Zone. [2000 Code § 30-70.5; amended 6-9-2021 by Ord. No. 2021-21 ; 3-27-2024 by Ord. No. 2024-6 ] a. Permitted Principal Uses. 1. Detached single family dwellings. 2. Two-family dwellings. 3. Essential municipal services facilities. b. Permitted Accessory Uses. 1. Garages. 2. Personal recreational facilities such as swim…

Zone name One And Two Family Residential
General category RESIDENTIAL
Zone area 43.68 ac
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