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Property profile & analytics
OFF-MARKET Estimated value $1,170,000
Residential income homes

616 4th Ave Asbury Park, NJ 07712-8800

3,451 SF 0.13 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-1937383
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1900
Total area 3,451 SF
Lot 0.13 ac (5,500 SF)
Zoning code R2
APN 04 02806-0000-00001
UPID US59-1937383
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
$1.20M
CAP Approach CAP
$890k
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$1.17M
Owner & transaction history
1 Sterling LLC · 1 yrs held
1 Sterling LLC
since 2024
Last sale
$1.2M
4 recorded transactions
2024
Price N/A
2023
$1.2M
2005
$1
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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