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Property profile & analytics
OFF-MARKET Estimated value $2,095,000
Residential income homes

320 8th Ave Asbury Park, NJ 07712-5268

14,535 SF 0.34 ac lot Built 1960
Entity Owned 9-yr Hold
Property ID
US59-2753746
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1960
Total area 14,535 SF
Lot 0.34 ac (15,000 SF)
Zoning code R2
APN 04 03708-0000-00001
UPID US59-2753746
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$2.10M
Owner & transaction history
320 Eighth LLC · 9 yrs held
320 Eighth LLC
since 2017
7 recorded transactions
2017
$1.7M
2011
$1.5M
2008
$1.2M
2007
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
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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