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Property profile & analytics
OFF-MARKET Estimated value $890,000
Residential income homes

507 1st Ave Asbury Park, NJ 07712-6166

2,334 SF 0.09 ac lot Built 1920
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-0568008
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1920
Total area 2,334 SF
Lot 0.09 ac (3,750 SF)
Zoning code R2
APN 04 03301-0000-00012
UPID US59-0568008
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
$890k
CAP Approach CAP
$600k
Comparable Approach Comparable
$700k
Blend (final) Blend
$890k
Owner & transaction history
Rebecca Montville · 2 yrs held
Rebecca Montville
since 2024
Last sale
$890,000
3 recorded transactions
2024
$890,000
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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