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    Ocean City, NJ Residential Income Properties for Sale

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    Historic Ocean City Corner Triplex
    Updated: Mar 20
    Historic Ocean City Corner Triplex

    1061 WEST Avenue, Ocean City, NJ 08226

    $1,499,000
    3,956 sqft 0.08 AC lot
    Historic corner triplex in Downtown Ocean City built in 1902 on a 40x90 lot
    Front building has a rare side‑by‑side layout with 2 units; each unit offers 6 bedrooms and 1.5 bathrooms
    Front units include first‑floor living room, dining room, kitchen, half bathroom, and utility room; second floor has 3 bedrooms and 1 full bathroom
    Front building third floor provides 3 additional bedrooms, adding space per unit
    Separate rear cottage features 2 bedrooms, 1 full bathroom, and a walk‑up attic for storage or future use
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    This listing looks promising.

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    1061 WEST Avenue, OCEAN CITY, NJ 08226

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $59K
      Annual

    • Price @ 7% Cap

      $837K
      Suggested

    • Property Type

      Single Family Residence
      Built 1902
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    Historic Multifamily with Five Units
    Updated: May 22
    Historic Multifamily with Five Units

    816 Wesley Ave, Ocean City, NJ 08226

    $2,995,000
    5,694 sqft
    Built in 1891, The Painted Lady (Thomas S. Simmons House) is a Victorian single‑family home with over 5,600 SF of living space
    6 bedrooms and 3.5 baths in the main home, plus a wraparound front porch and vintage details including hardwood floors, grand staircase, and original fixtures
    Restored in 2019 with an updated eat‑in kitchen featuring stainless steel appliances, granite countertops, and a large center island
    Gas hot water baseboard heat, tankless water heater, newer windows, and all‑new electric
    Five additional apartments included: Rear Duplex G1 (1 bed/1 bath), G2 (3 bed/1.5 bath), and Apartments A (2 bed/1 bath), B (1 bed/1 bath), C (efficiency)
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    Residential Income Property with Rooftop Deck
    Residential Income Property with Rooftop Deck

    732 Central Ave, Ocean City, NJ 08226

    $1,399,999

    Second-floor condo with five bedrooms, three and a half baths, and a private rooftop deck.

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    Renovated First-Floor Residential Unit
    Renovated First-Floor Residential Unit

    1233 HAVEN AVENUE #1, Ocean City, NJ 08226

    $850,000
    1,157 sqft

    Recently renovated first-floor unit with three bedrooms, two full baths, vaulted ceilings, decks, and a fireplace.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Beach-Block Triplex with Furnishings
    Beach-Block Triplex with Furnishings

    814 E 7th Street, Ocean City, NJ 08226

    $2,649,900

    Three-unit triplex with two 3BR/2BA units plus one 1BR/1BA rear unit, offered fully furnished with outdoor amenities.

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    Corner Duplex Income Property
    Corner Duplex Income Property

    718-20 Bay Ave, Ocean City, NJ 08226

    $999,900

    Two rental units in a north end corner duplex, including bedroom and deck features, plus garage and fenced backyard.

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    First-Floor Condo with Carport
    First-Floor Condo with Carport

    4305 Asbury Ave, Ocean City, NJ 08226

    $999,000

    First-floor condo with three bedrooms, two baths, private decks, outdoor shower, and a carport

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    Historic Corner Triplex with Cottage
    Historic Corner Triplex with Cottage

    1061 West Avenue, Ocean City, NJ 08226

    $1,699,000
    3,956 sqft 0.08 AC lot

    Corner triplex with side-by-side front units and a separate rear cottage, plus outdoor shower and two-car driveway.

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    First-Floor Residential Income Property
    First-Floor Residential Income Property

    2444 Central Ave, Ocean City, NJ 08226

    $2,299,000

    Updated five-bedroom residence with private entry, off-street parking, and beach access nearby.

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    Under-Construction Duplex Condo with Decks
    Under-Construction Duplex Condo with Decks

    36 Morningside Road, Ocean City, NJ 08226

    $2,499,000

    Under-construction 2027 duplex condo with 6 bedrooms, 4 full baths, and large front and rear decks.

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    Two-Unit Corner Duplex
    Two-Unit Corner Duplex

    718-20 Bay Ave, Ocean City, NJ 08226

    Contact for pricing

    Updated duplex with two separate units, including 3-bedroom/1-bath and 2-bedroom/1-bath layouts, plus attached parking and garage.

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    Beach-Block Turnkey Short-Term Rental Condo
    Beach-Block Turnkey Short-Term Rental Condo

    814 E 7th Street, Ocean City, NJ 08226

    $999,900

    Second-floor, fully furnished three-bedroom, two-bath condo with central air, natural gas heat, and a dedicated outdoor grilling area.

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    First-Floor Short Term Rental Property
    First-Floor Short Term Rental Property

    814 E 7th Street, Ocean City, NJ 08226

    $949,900

    First-floor condo with three bedrooms, two bathrooms, central air, and natural gas heat, offered fully furnished.

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    First-Floor Condo with Off-Street Parking
    First-Floor Condo with Off-Street Parking

    49 Simpson Road, Ocean City, NJ 08226

    $799,900

    First-floor condo unit with three bedrooms, two full baths, central air, and off-street parking in Ocean City.

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    First-Floor Residential Income Condo
    First-Floor Residential Income Condo

    1441 Haven Ave, Ocean City, NJ 08226

    $859,900

    First-floor condo with three bedrooms and two full bathrooms, newer central air and gas heat, plus a covered front porch.

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    Duplex Condominium with Enclosed Sun Porch
    Duplex Condominium with Enclosed Sun Porch

    1746 Wesley Avenue, Ocean City, NJ 08226

    $1,099,900

    Bright, clean second-floor, three-bedroom, two-bath condo with an enclosed sun porch, assigned off-street parking, and private storage.

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    Second-Floor Corner Condo
    Second-Floor Corner Condo

    202 Wesley, Ocean City, NJ 08226

    $799,900

    Second-floor corner condo with three bedrooms, central air, gas heat, and a detached garage plus covered porches.

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    Residential Income Property with Private Rooftop Deck
    Residential Income Property with Private Rooftop Deck

    4929 West Ave, Ocean City, NJ 08226

    $1,700,000

    Top-floor 4-bedroom, 2-bath residence with private rooftop deck, elevator access, and central air.

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    Second-Floor Four-Bedroom Condo with Rooftop Deck
    Second-Floor Four-Bedroom Condo with Rooftop Deck

    879 4th Street, Ocean City, NJ 08226

    $1,495,000

    Spacious second-floor four-bedroom, two-bath condo with rooftop deck, private decks, garage, and off-street parking.

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    Second-Floor Condo with Elevator
    Second-Floor Condo with Elevator

    229 Ocean Ave, Ocean City, NJ 08226

    $1,699,000

    Under construction in Ocean City’s Northend, this second-floor condo includes an elevator, five bedrooms, and three full bathrooms.

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    Furnished New-Construction Duplex
    Furnished New-Construction Duplex

    1115-1117 West Ave, Ocean City, NJ 08226

    $2,349,900

    Two residences offer separate entrances, upgraded interiors, and expansive outdoor living areas.

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    Residential Income Property with Rooftop Deck
    Residential Income Property with Rooftop Deck

    5043 West Ave, Ocean City, NJ 08226

    $1,399,900

    Second-floor coastal residence with four bedrooms, two full baths, and open-concept living areas near the beach.

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    Residential Income Property with Wrap-Around Deck
    Residential Income Property with Wrap-Around Deck

    3566 West Ave, Ocean City, NJ 08226

    $950,000

    Second-floor three-bedroom, two-bath condo with central air and gas heat on a 40' x 100' corner lot near Southend beaches.

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    Residential Income Property with Wraparound Deck
    Residential Income Property with Wraparound Deck

    2702 Central Ave, Ocean City, NJ 08226

    $2,200,000

    Second-floor condo on a corner lot with ocean views from a large wraparound deck and central air.

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    Ocean City, NJ Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Ocean City, NJ, showcased through 70 active listings on our real estate platform. These investment opportunities span a total of 17,775 square feet of properties for sale, with an estimated market value of $148,592,491.

    Sale prices for residential income properties in Ocean City, NJ start at $679,000, averaging $2,153,514, and reaching up to $7,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 32
    Duplexes 19
    Short term rental properties 7
    Triplexes 6
    Single family properties 4

    Demographics Overview

    Population 11K
    Population Growth (5Y) +0.5%
    Median Household Income $101,782
    College Educated 78.7%

    High-Yield Neighborhoods for Investment

    Identify Ocean City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Brigantine $849K
    Ocean City $2M

    Taxes & Financing

    Tax Rate (average for all types) 1.04%
    Property Tax per SF $2.93 per SF
    Tax Rate vs County Average 0.59 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cape May County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Ocean City, NJ

    • 08226
    • 08203

    Featured Ocean City Real Estate Agencies

    Realmo connects you with licensed Ocean City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Realty Jersey Shore
    903 Bay Avenue Ocean City, NJ 08226
    Phone: 16093995454
    www.KWShore.com

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