140 Ocean Avenue, Point Pleasant Beach, NJ 08742
$1,980,000
Property Type:
Multi-Family
Bedrooms:
10
Baths:
5
Square Footage:
2,953
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$1,980,000
List Date:
12/22/2025
Last Modified:
1/01/2026
Description
Welcome to Point Pleasant Beach! Rent Ready: 6.8% Cap rate! $135,000 Net Operating Income in 2025. This 4 unit compound on beach block features 2 buildings with patios, decks, outside showers, and storage. Unit 1 has 4 bedrooms, 2 full bathrooms. Unit 2 has 4 bedrooms, 1 full bathroom. Unit 3 has 1 bedroom, 1 full bathroom. Unit 4 has 1 bedroom, 1 full bathroom. The 2025 rent consists of short term rentals in units 1 and 2, along with month to month rentals in units 3 and 4. There is potential for more income if all units are utilized as short term rentals.
More Information MLS# 22537140
Contract Info
Status: Active
List Date: 2025-12-21
List Price: $1,980,000
Current Price: $1,980,000
List Price/SqFt: 670.5
Property Sub-Type: Four Family
New Construction: No
Location
House Number: 140
Street Name: Ocean
Street Suffix: Avenue
County: Ocean
Municipality: Point Pleasant Beach (PPB)
Postal City: Point Pleasant Beach
State: NJ
Zip Code: 08742
Area/Section: Pt Pleasant Bch
Complex/Subdivision: None
Elementary School: Antrim
High School: Point Pleasant Beach
Other High: Trinity Hall
Directions: Steps from the beach
General Property Info
# Units in Bldg: 4
Bedrooms: 10
Full Baths: 5
Total Baths: 5
# Levels: 2
Apx SqFt: 2953
Apx Year Built: 1936
Fireplace: Yes
Handicap Access: No
# Acres: 0.08
Lot Dimensions: 25x135
Garage: No
Pool: No
Waterfront: No
Waterview: No
Tax and Legal
Asmnt - Total: 533800
Deed Restricted: No
Special Assessment: No
Taxes: 9624
Tax Year: 2025
Unit 1
# Bedrooms: 4
# Full Baths: 2
Unit 2
# Bedrooms: 4
# Full Baths: 1
Unit 3
# Bedrooms: 1
# Full Baths: 1
Unit 4
# Bedrooms - Unit 4: 1
# Full Baths - Unit 4: 1
Property Features
Unit 1: Dishwasher; Dryer; Gas Stove; Refrigerator; Washer; Water Heater
Unit 2: Dishwasher; Dryer; Gas Stove; Refrigerator; Washer; Water Heater
Basement: Partial
Floors: Laminate; Wood
Cooling: Multi Units
Heating: 3+ Zoned Heat; Natural Gas
Water Heater: Natural Gas
Exterior: Patio; Shed
Siding: Vinyl
Roof: Shingle
Garage: None
Parking: On Street
Zoning: Non-Conforming
Lot Description: Ocean Block
Assessment Status: Assessed
Showing: Showing Time
Listing Office: LPT Realty
Listing Agent: Erik Ewell
Last Updated: January - 01 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.