140 OCEAN AVE, Point Pleasant Beach, NJ 08742
140 OCEAN AVE, Point Pleasant Beach, NJ 08742
140 OCEAN AVE, Point Pleasant Beach, NJ 08742
140 OCEAN AVE, Point Pleasant Beach, NJ 08742
140 OCEAN AVE, Point Pleasant Beach, NJ 08742
140 OCEAN AVE, Point Pleasant Beach, NJ 08742
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Listed by Erik Ewell • LPT Realty, LLC
$ 1,799,000
Est. payment | /mo

2,611 SqFt


Save
$ 1,799,000
Est. payment | /mo
Save

2,611 SqFt

Open House

Sun May 03, 3:00pm - 5:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,611 sqft

Price per Sqft $689

Subdivision Point Pleasant Beach

MLS Listing ID NJOC2038074

Style Other

Abv Grd Liv Area 2,611

Year Built 1936

Annual Tax Amount $9,624

Tax Year 2025

Lot Size 3,402 Sqft

Acres 0.08

Lot Dimensions 0.00 x 0.00

Property Sub-Type Quadruplex

Source BRIGHT

Property Description

Conveniently located on Ocean Avenue, just one block from the beach and minutes from Jenkinson's Boardwalk, this rare turnkey 4-unit property in highly desirable Point Pleasant Beach presents an exceptional opportunity for both investors and coastal lifestyle buyers. Whether you're seeking a high-performing income property or a private beachside compound for family and friends, this versatile offering delivers on every level.

This unique oceanside compound features four units totaling 10 bedrooms and 5 bathrooms. The front home is a standalone 4-bedroom, 2-bath single-family residence, fully gut renovated in 2025—taken down to the studs and completely reimagined with all new layout, systems, and finishes. It opens to a gated backyard that has been newly refreshed, fully furnished, and outfitted with new outdoor showers—ideal for entertaining or unwinding after a day at the beach. The back top unit is a fully renovated 4-bedroom, 1-bath residence showcasing modern coastal design, complete with granite countertops, custom wood cabinetry, porcelain tile flooring, two private entrances, and its own furnished deck with a grill. Both larger units feature custom kitchens, brand-new appliance packages, in-unit laundry, and thoughtfully curated interiors designed to elevate the guest experience.

Rounding out the property are two one-bedroom units, each with separate entrances. One is leased to a long-term tenant, providing reliable income, while the other is fully renovated and newly furnished—offering a turnkey opportunity for immediate occupancy, market-rate leasing, or high-demand short-term summer rentals.

The front home, back top unit, and back lower one-bedroom unit are offered fully stocked and turnkey, including brand-new furniture, new appliance packages, TV's in every room, all linens and towels, beach gear, fully equipped kitchens with multiple small appliances, allowing for a seamless transition to immediate rental income or personal use.

Blending dependable in-place income with meaningful upside through rent growth, this property is positioned to deliver strong performance with minimal operational lift. With its prime beachside location, strong rental potential, and fully updated interiors, it presents a rare opportunity to own a multi-unit coastal property on Ocean Avenue in Point Pleasant Beach. Maximize income by renting all four units or create your own private seaside escape while generating additional revenue. A comprehensive list of property features and included items is available upon request.

Location

State NJ

County Ocean

Area Point Pleasant Beach Boro (21526)

Zoning RR1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Central, Forced Air

Cooling Central A/C, Ceiling Fan(s), Multi Units, Window Unit(s)

Flooring Engineered Wood

Equipment Dryer, Washer, Refrigerator, Stove

Appliance Dryer, Washer, Refrigerator, Stove

Heat Source Natural Gas

Exterior

Exterior Feature Deck(s), Patio(s)

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available

Water Access N

Roof Type Architectural Shingle

Accessibility 2+ Access Exits

Porch Deck(s), Patio(s)

Garage N

Building

Above Ground Finished SqFt 2611

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Others

Tax ID 26-00121-00004 01

Ownership Fee Simple

SqFt Source 2611

Acceptable Financing Cash, Bank Portfolio, Conventional, FHA, Private, VA, Exchange, Other

Listing Terms Cash, Bank Portfolio, Conventional, FHA, Private, VA, Exchange, Other

Financing Cash,Bank Portfolio,Conventional,FHA,Private,VA,Exchange,Other

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

William K. Halick

Making real estate simple, fun and easy for you!

+1(973) 354-5000

bhalick@njhomesmart.com

1599 Hamburg Turnpike, Wayne, NJ, 07470

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140 OCEAN AVE