$1,980,000
Price
10
Beds
5
Baths
2,611 Sq. Ft.
$758 / Sq. Ft.
2,611
Sq. Ft.
$758
per Sq. Ft.

Description

Welcome to Point Pleasant Beach! Rent Ready: 6.8% Cap rate! $135,000 Net Operating Income Year to Date. 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...Welcome to Point Pleasant Beach! Rent Ready: 6.8% Cap rate! $135,000 Net Operating Income Year to Date. 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. Open House: Saturday 12/20 at 3:00 pm to 5:00 pm
  1. Listed by Erik Ewell • LPT Realty, LLC
    P: (609)-703-7906 erikewell.realty@gmail.com

Property Details for 140 North Ocean Avenue

Tax ID Number
26-00121-00004 01
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Subdivision
POINT PLEASANT BEACH
Subdivision
POINT PLEASANT BEACH (OCEAN NJ)
LISTING UPDATED: 01/01/2026 06:13 PM

Property Details for 140 North Ocean Avenue

StatusActive
MLS #NJOC2038074
Days on Market69
Taxes$9,624 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1936
Lot Size0.08 AC / 3,402 SF
CountyOcean County

Location

Listing Courtesy of LPT Realty, LLC
Add your commute

Building Information for 140 North Ocean Avenue

Stories-Residences4Year Built1936Building Size-Lot Size0.08 AC / 3,402 SF

Payment Calculator

$10,452 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,650

Property Taxes

$802

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 140 North Ocean Avenue

Location
Location
  • County: OCEAN
  • MLS Area: Point Pleasant Beach Boro (21526)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $533,800
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $216,800
  • City Town Tax: $0
  • Land Assessed Value: $317,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RR1
  • Tax Lot: 00004 01
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Furnished: All
  • Number Of Units Vacant: 2
  • Number Of Units Month To Month: 2
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 4
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Total Rooms: 7
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Beds Total: 4
  • Full Baths Count: 1
  • Total Rooms: 7
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 4
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 4
Financial Information
Financial Information
  • Gross Income: $153,000
  • Net Operating Income: $135,000
  • Cap Rate: 6.80
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Location Type: Oceanblock
  • Parcel ID: 3070276
Parking
Parking
  • Type Of Parking: Off Site, Parking Lot
Interior Features
Interior Features
  • Appliances: Dryer, Washer, Refrigerator, Stove
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Exterior Features: Outside Shower, Secure Storage
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available
  • Heating: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s), Multi Units, Window Unit(s)
  • Cooling Fuel: Natural Gas, Electric
  • Heating Type: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Atlantic City & County Board of REALTORS

Property History for 140 North Ocean Avenue

DateEvent & SourcePriceAppreciation
Dec 21, 2025

Listed (Active)

MOMLS #22537140

$1,980,000
Dec 9, 2025

Price Change

BRIGHT #NJOC2038074

$1,980,000
Oct 29, 2025

Listed (Active)

BRIGHT #NJOC2038074

$2,000,000
Oct 6, 2025

Temp Off Market

MOMLS #22509672

Apr 4, 2025

Price Change

MOMLS #22509672

$2,200,000
Apr 4, 2025

Listed (Active)

MOMLS #22509672

$1,999,000
Oct 23, 2020

Closed

MOMLS #22023398

$810,000
Oct 20, 2020

Closed (Public Record)

Public Record #685081040

$810,000

+9.5% / yr

Jul 12, 2020

Listed (Active)

MOMLS #22023398

$864,900
May 24, 2017

Closed

MOMLS #21616068

$595,000
May 22, 2017

Closed (Public Record)

Public Record #598202806

$595,000

-0.8% / yr

Apr 25, 2016

Listed (Active)

MOMLS #21616068

$635,000
Oct 15, 2003

Closed (Public Record)

Public Record #125787899

$660,000

+18.7% / yr

Sep 26, 2003

Closed

MOMLS #2306327

$660,000
Feb 3, 2000

Closed (Public Record)

Public Record #70877541

$350,000
Jan 21, 2000

Closed

MOMLS #9041959

$350,000
DateEvent & SourcePrice
12/21/2025

Listed (Active)

MOMLS #22537140

$1,980,000
12/09/2025

Price Change

BRIGHT #NJOC2038074

$1,980,000
10/29/2025

Listed (Active)

BRIGHT #NJOC2038074

$2,000,000
10/06/2025

Temp Off Market

MOMLS #22509672

04/04/2025

Price Change

MOMLS #22509672

$2,200,000
04/04/2025

Listed (Active)

MOMLS #22509672

$1,999,000
10/23/2020

Closed

MOMLS #22023398

$810,000
10/20/2020

Closed (Public Record)

Public Record #685081040

$810,000

+9.5% / yr

07/12/2020

Listed (Active)

MOMLS #22023398

$864,900
05/24/2017

Closed

MOMLS #21616068

$595,000
05/22/2017

Closed (Public Record)

Public Record #598202806

$595,000

-0.8% / yr

04/25/2016

Listed (Active)

MOMLS #21616068

$635,000
10/15/2003

Closed (Public Record)

Public Record #125787899

$660,000

+18.7% / yr

09/26/2003

Closed

MOMLS #2306327

$660,000
02/03/2000

Closed (Public Record)

Public Record #70877541

$350,000
01/21/2000

Closed

MOMLS #9041959

$350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 140 North Ocean Avenue

Taxable ValueLand$317,000Additions$216,800Total$533,800
Tax Record2024$9,171 ($764 / month)
Home Facts
Beds2Total Finished SqFt2,611 SqFtAbove Grade Finished SqFt2,611 SqFtStories1Lot Size3,400 SqFtStyleSingle Family ResidenceYear Built1936ZoningRR1CountyOCEANAPN26 00121-0000-00004- 01

Schools near 140 North Ocean Avenue

This home is within Point Pleasant Beach Board Of Education School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
G Harold Antrim Elementary School
PublicPK to 8

Point Pleasant Bch High School
Public9 to 12

St Peter School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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140 North Ocean Avenue is a multi-family home for sale in Point Pleasant Beach, NJ 08742. This property was listed for sale on October 29, 2025 by LPT Realty, LLC, it's currently listed at $1,980,000. It has been on the market for a total of 69 days and was last sold on October 23, 2020. This listing's school district is Point Pleasant Beach Board Of Education School District. Nearby schools include G Harold Antrim Elementary School, Point Pleasant Bch High School and St Peter School. 140 North Ocean Avenue is a 10-bed, 5-bath, 2,611 sqft multi-family home built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.