Property profile

905 Grand Ave Asbury Park, NJ 07712

FOR SALE
Residential income homes
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Property ID
US59-0568007
4,086 SF 0.09 ac Built 1925
Last sale Apr 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property at 905 Grand Avenue in Asbury Park is a 4,086-square-foot multifamily apartment building constructed in 1925, situated on a 0.09-acre lot and configured with a basement. It contains five residential units comprising two studios and three one-bedroom apartments. The building is served by public water and public sewer, and it includes system improvements that consist of exterior renovations, a newer electrical service, and a newer boiler. Parking is provided via on-street parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$11k
Tax billed · 2022
Assessed value · 2023$852k
Assessed land$261k
Assessed improvement$591k
Effective rate1.27%

Value estimate

· Nov 2026
$675k
$608k – $743k
NOI build-up
Gross scheduled income$123k
Vacancy & credit loss−$8k
Operating expenses−$51k
NOI · 5.71% cap applied$63k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$264/SF
County average, outlier-cleaned · 99 recorded sales of this use type
Observed band · Q1–Q3$220 – $300

Cap rate analysis

How does the asset earn?
5.71%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
S-33
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.0
Auto Parts Store11.7
Accounting Firm9.5

Location

905 Grand Ave Asbury Park, NJ 07712
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
406 6th, Asbury Park, NJ 07712-5473 $1,400,000 Jun 2024 3,977 SF
605 1st, Asbury Park, NJ 07712-5977 $785,000 Jul 2023 4,388 SF
616 4th, Asbury Park, NJ 07712-8800 $1,199,000 Jan 2023 3,451 SF
308 7th, Asbury Park, NJ 07712-5247 $1,025,000 Dec 2022 3,753 SF
411 3rd, Asbury Park, NJ 07712-6089 $925,500 Jun 2021 3,824 SF
316 8th, Asbury Park, NJ 07712-8200 $890,000 Aug 2019 4,068 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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