Prime Investment Opportunity - 7-Unit Beachside Property in Ocean Grove
Exceptional opportunity to own a fully occupied 7-unit income property a block from the beach, boardwalk, and charming downtown Ocean Grove. This well-maintained building features one spacious 2-bedroom, 1-bath unit and six 1-bedroom, 1-bath units, offering an ideal mix for steady, reliable rental income.
With a proven track record of consistent cash flow and strong tenant demand, this property is perfectly positioned for both long-term investors and those looking to expand their coastal portfolio. The unbeatable location—steps from the ocean and minutes to Asbury Park's restaurants and nightlife—makes this an in-demand asset year-round.
For sale
$1,700,000
20 Webb Avenue, Ocean Grove, NJ 07756
8beds
3,815sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$1,611,000 Zestimate®
$446/sqft
$-- HOA
What's special
Steps from the ocean
- 48 days |
- 770 |
- 22 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 07:46am
Listed by:
Michael Lubrano 732-503-6573,
Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Source: MoreMLS,MLS#: 22533220
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced Air
Cooling
- Other
Features
- Balcony
- Basement: Partially Finished,Full
- Attic: Attic
Interior area
- Total structure area: 3,815
- Total interior livable area: 3,815 sqft
Property
Parking
- Parking features: None
Features
- Stories: 3
Lot
- Size: 1,742.4 Square Feet
- Dimensions: 30 x 53
Details
- Parcel number: 3500231000000010
- Zoning description: Multi-Use
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Security: Fire Sprinkler System
- Subdivision: Ocean Grove
Location
- Region: Ocean Grove
Financial & listing details
- Price per square foot: $446/sqft
- Annual tax amount: $16,992
- Date on market: 11/2/2025
Estimated market value
$1,611,000
$1.53M - $1.69M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/2/2025 | Listed for sale | $1,700,000-2.9%$446/sqft |
Source: | ||
| 7/31/2025 | Listing removed | $1,750,000$459/sqft |
Source: | ||
| 5/5/2025 | Listed for sale | $1,750,000$459/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$11,320/mo
Principal & interest
$8501
Property taxes
$2224
Home insurance
$595
Climate risks
Neighborhood: Ocean Grove
Nearby schools
GreatSchools rating
- 4/10Midtown Community Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Neptune Middle SchoolGrades: 6-8Distance: 1.8 mi
- 1/10Neptune High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Middle: Neptune
- High: Neptune Twp
Source: MoreMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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