2,587 Sq. Ft.
$348 / Sq. Ft.
2,587
Sq. Ft.
$348
per Sq. Ft.

Description

The best deal in Ocean Grove! You can live three blocks to the beach, steps to Main Ave, and a short stroll to Asbury Park. This recently renovated, historic building uniquely provides income from two first floor commercial spaces with a current rent roll that offsets your taxes and insurance. Compared to single family homes of this quality, size, and location, the value is undeniable. Rental income covering the carrying costs is the icing on the cake! Now vacant and easy to show, the residential...The best deal in Ocean Grove! You can live three blocks to the beach, steps to Main Ave, and a short stroll to Asbury Park. This recently renovated, historic building uniquely provides income from two first floor commercial spaces with a current rent roll that offsets your taxes and insurance. Compared to single family homes of this quality, size, and location, the value is undeniable. Rental income covering the carrying costs is the icing on the cake! Now vacant and easy to show, the residential portion stuns with high ceilings on both levels, three bedrooms and three full bathrooms, a gas fireplace, updated kitchen, large living room and a bonus room. The basement is bone dry. The whole building is equipped with fire suppression. Savvy buyers know this is a rare opportunity!
  1. Listed by Christopher Morales • Allegro Agency
  2. Listed by Irene V Allegro • Allegro Agency

Property Details for 54 Olin Street

Complex/Subdivision
Ocean Grove
Style
Custom, Historic
Waterview
No
Directions
Main to Pilgrim to Olin
LISTING UPDATED: 01/12/2026 09:45 AM

Property Details for 54 Olin Street

StatusActive
MLS #22534904
Days on Market54
Taxes$20,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1910
Lot Size0.02 AC / 871 SF
CountyMonmouth County

Location

Listing Courtesy of Allegro Agency
Add your commute

Building Information for 54 Olin Street

Stories2Year Built1910Building Size-Lot Size0.02 AC / 871 SF

Payment Calculator

$6,065 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,386

Property Taxes

$1,679

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 54 Olin Street

Summary
Location and General Information
  • Area/Section: Ocean Grove
  • Postal City: Ocean Grove
  • State: NJ
  • # Units/Bldgs: 3
  • Municipality: Neptune Twp (NPT)
  • Middle School: Neptune
  • Block: 164
  • Apx Year Built: 1910.0
Parking
  • Garage: No
  • # Car Garage: 0.0
Taxes and HOA Information
  • HOA: No
  • Tax ID#: 35-00164-0000-00003
  • Taxes: $20,152.00
  • Tax Year: 2024
Property
Lot Information
  • Apx SqFt: 2587.0
  • Acreage: 0.02
  • Lot: 3
  • Lot Dimensions: 19 x 51
Property and Assessments
  • Assessment - Total: 1229200.0
  • Assessment - Improvements: 800200.0
  • Assessment Status: Assessed
  • Asmnt - Land: 429000.0
  • Property Sub-Type: Single Family Residence
Utilities
  • Fireplace: Yes
  • Water Heater: Natural Gas
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Flat, Shingle
  • Exterior: Balcony
Interior Features
  • Interior: Ceilings - 9Ft+ 1st Flr, Ceilings - 9Ft+ 2nd Flr
  • # Levels: 2
  • Basement: Unfinished
  • Bathroom Level: Second, Third
  • Bedroom Level: Third
  • Bonus Room Level: Third
  • Dining Room: Floor - Wood
  • Dining Room Level: Second
  • Kitchen: Center Island
  • Kitchen Level: Second
  • Living Room: Floor - Wood, Fireplace - Gas
  • Living Room Level: Second
  • Excluded: personal property
  • Floors: Wood
  • Bedrooms: 3
  • Total Baths: 3.0
  • Full Baths: 3.0
  • Half Baths: 0.0
  • # Fireplaces: 1.0
  • Rooms: Bathroom, Primary Bedroom, Living Room, Kitchen, Dining Room, Bonus Room, Bedroom, Primary Bathroom
Multi Family
Room1
  • Room Description: Bathroom
  • Level1: 2
Room2
  • Room Description: Living Room
  • Level2: 2
Room3
  • Room Description: Dining Room
  • Level3: 2
Room4
  • Room Description: Kitchen
  • Level4: 2
Room5
  • Room Description: Primary Bedroom
  • Level5: 2
Room6
  • Room Description: Primary Bathroom
  • Level6: 2
Room7
  • Room Description: Bedroom
  • Level7: 3
Room8
  • Room Description: Bonus Room
  • Level8: 3
Room9
  • Room Description: Bedroom
  • Level9: 3
Room10
  • Room Description: Bathroom
  • Level10: 3

Property History for 54 Olin Street

DateEvent & SourcePriceAppreciation
Nov 19, 2025

Temp Off Market

MOMLS #22433356

Nov 19, 2025

Listed (Active)

MOMLS #22534904

$899,900
Nov 20, 2024

Price Change

MOMLS #22433356

$1,079,000
Nov 20, 2024

Price Change

MOMLS #22433356

$999,999
Nov 20, 2024

Listed (Active)

MOMLS #22433356

$950,000
Dec 23, 2023

Temp Off Market

MOMLS #22334327

Aug 1, 2023

Temp Off Market

MOMLS #22321107

DateEvent & SourcePrice
11/19/2025

Temp Off Market

MOMLS #22433356

11/19/2025

Listed (Active)

MOMLS #22534904

$899,900
11/20/2024

Price Change

MOMLS #22433356

$1,079,000
11/20/2024

Price Change

MOMLS #22433356

$999,999
11/20/2024

Listed (Active)

MOMLS #22433356

$950,000
12/23/2023

Temp Off Market

MOMLS #22334327

08/01/2023

Temp Off Market

MOMLS #22321107

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

Public Records for 54 Olin Street

Taxable ValueLand$429,000Additions$800,200Total$1,229,200
Tax Record2024$20,152 ($1,679 / month)
Home Facts
Total Finished SqFt2,587 SqFtAbove Grade Finished SqFt2,587 SqFtStories2Lot Size969 SqFtStyleMiscellaneous CommercialYear Built1910ZoningHD1FCountyMONMOUTHAPN35 00164-0000-00003

Schools near 54 Olin Street

This home is within Neptune Township School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Midtown Community Elementary School
PublicPK to 5

Neptune Middle School
Public6 to 8

Neptune High School
Public9 to 12

Gables Elementary School
PublicPK to 5

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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Similar Homes

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54 Olin Street is a single family home for sale in Ocean Grove, NJ 07756. This property was listed for sale on November 19, 2025 by Allegro Agency, it's currently listed at $899,900. This listing's school district is Neptune Township School District. Nearby schools include Midtown Community Elementary School, Neptune Middle School and Neptune High School. 54 Olin Street is a 3-bed, 3-bath, 2,587 sqft single family home built in 1910.

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 Allegro Agency

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.