Ocean City NJ Multi Family for Sale

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Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
589965

ADDITIONAL INFORMATION

Development opportunity with Plans for a Custom 4 br.single family home or buy the New home finished with many upgrades incl. Sauna, steam shower and Hot tub for $1,900,000.00. No showings and will sell vacant. Must settle by NOV 1 as building will be started and only sold as new Construction after. Building being torn down. Buyer will reimburse for demo cost if bought after NOV 1.. Buy before construction begins. Save over $300,000+ building yourself and cutting out developer profit! Approximate cost of building yourself is $1,500,000.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
590176

ADDITIONAL INFORMATION

This is the very BEST VALUE-ADD ON THE JERSEY SHORE ISLAND RESORT MARKET! Current Cash Flow Valuations are at a 9%+ CAPRATE which makes this fabulous buy an INVESTOR'S DREAM INCOME AQUISTION OPPORTUNITY & WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 40-Unit Mixed Use commercial investment property, with parking! This income producing gem is centrally located on a HIGH TRAFFIC CORNER of 8th & Ocean Ave in the very HEART OF THE HOTEL/ HOSPITALITY DISTRICT & situated on a whopping 135' x93.05 lot just a couple blocks from Ocean City's white sand beaches and bustling World Famous Boardwalk. The property features a total of40units which consists of: 32 hotel rooms (with 32 baths); 5 renovated apartments (3-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager'sefficiency apartment w/1BA); and 3 leased commercial stores on the street level of the building. The three commercial storefronts currently include a full-service restaurant and two additional food & beverage service retail stores. In addition, the building includes an additional 1/2 bath in Guest Check-In Lobby; 3 courtesy dayrooms with showers; laundry facility; and a total of 28 parking spaces in the parking lot adjacent to & in back of the hotel. Property recently started to undergo upgrades & renovations inclusive of the apartments; new front porch; and windows are relatively new. For the experienced developer/investor, this incredible acquisition opportunity comes with tremendous upside potential associated with property stabilization and income growth tied to increased seasonal rents to become in line with market rates, plus expanding business to include Winter Rental which could quickly add an instant $100K to the bottom line. Income generating investment opportunities like this come around rarely in Ocean City. Pre-Qual & NDA required for financially qualified buyers only. Call Now!

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2024
Baths:
MLS#:
590175

ADDITIONAL INFORMATION

The perfect luxury beach property awaits with this newly custom built three unit property. The close proximity to the beach and boardwalk along with ocean breezes and a glimpse of the ocean from the 3rd floor unit makes this the perfect investment property. Each unit has a separate formal entrance and an entrance through the garage. Private staircases and elevators will take you to the upper floors. The upscale kitchens offers Pearl Glazed shaker cabinets with Hazel shaker island cabinets, Calcatta Laza quartz countertops, GE Cafe Series stainless steel appliances, and 33" farm sink with matte black fixtures. Other features of the vacation condo include matte black finishes throughout, easy to care for water resistant LVP flooring, and washer/dryer in each unit. Three separate condos, 1st floor offers 3 bed/2 bath; 2nd floor and 3rdfloor units offer 6 bed/5 bath layout making sure there is plenty of space for family and guests.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2024
Baths:
MLS#:
588814

ADDITIONAL INFORMATION

Discover the ultimate in luxury coastal living with this brand-new duplex by Whale Beach Builders. Located in the serene south end of Ocean City, this is your chance to own an entire duplex, featuring 5 bedrooms and 3 baths on the first floor, and 5 bedrooms and 3.5 baths on the second floor, with an elevator. This is the perfect opportunity for a large family multi-generational retreat, or a lucrative investment! Each unit has been thoughtfully designed with high-end finishes and top-tier amenities, making this duplex a standout on a spacious 40 x 115 ft. lot. Both floors feature open living spaces, custom Carrera marble countertops, along with stainless steel appliances and a sleek paneled refrigerator and dishwasher. You'll also find custom details like a built-in wine rack and ship-lap fireplace surround for a cozy yet elegant living space. On the first floor, enjoy added luxury with a pocket door in the master bedroom and a semi-frameless glass enclosure in the master and junior baths. The outdoor space is designed for entertaining, with a mahogany porch ceiling, composite front deck, ceiling fans and custom canvas awnings. Plus a natural gas line to hook up your grill right on the deck. The second-floor unit offers all these features, plus vaulted ceilings in the junior master bedroom, a tray ceiling in the kitchen, and exclusive access to a private rooftop deck. For easy access, the second-floor unit also includes a private elevator, bringing you directly from the garage to your home. Each garage boasts a tiled entryway and a durable epoxied floor, ensuring that even the practical spaces exude quality. Located just three blocks from the beach and within walking distance to Corsonâ??s Inlet State Park, local shops, restaurants and ice cream parlor, this duplex offers the perfect blend of luxury and convenience. When you're ready to explore more of Ocean City, the jitney makes trips to the boardwalk or downtown Asbury Avenue a breeze. Each floor is available separately, $1,550,000 for the first floor, and $1,750,000 for the second floor. However, owning the entire duplex ensures flexibility for family, guests, or rental opportunitiesâ??making it the perfect investment in this coveted location.

Type:
Single Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.14 Acres
Year built:
1942
Baths:
MLS#:
NJCM2003972

ADDITIONAL INFORMATION

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
588700

ADDITIONAL INFORMATION

Located in the desirable Northend Boardwalk Neighborhood, this is custom built New Construction, Side-By-Side features 6 bedrooms, 4.5 bathrooms, private entrances and elevators for each side, an abundance of outdoor space with multiple decks, spa-like tiled bathrooms, hardwood flooring throughout, upgraded gourmet kitchen, custom trim package and much more.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2024
Baths:
MLS#:
586742

ADDITIONAL INFORMATION

Wait until you see this beautiful new construction build by V2 Properties! This fantastic property in the upscale GOLDCOAST AREA includes the entire building with two gorgeous units. Each unit will feature: 5 Bedrooms, 3 full luxury baths, PRIVATE ELEVATOR (2nd floor), spacious great room with gas fireplace with shiplap, front, rear & rooftop decks, separate entrances, separate garages, hardwood flooring throughout, gourmet kitchens, quartz countertops, designer backsplashes with under-counter lighting, upgraded SS appliances, gas heat, central air, elegant tiled showers w/ glass doors, elevated vanities in bathrooms, large baseboard & trim throughout, hose bibs on all decks, 3,500 square feet of living space (both units), enclosed outside shower, tilt-in windows, maintenance free exterior, and more! Specs & plans available. Great location! (Just steps to the beach) Great property! (Quality new construction) Great price! See you on the Beach!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2023
Baths:
MLS#:
585082

ADDITIONAL INFORMATION

Rare opportunity to own this one-year young beachfront duplex on a 50 foot lot in the desirable South End. Each unit boasts over 3,000 square feet of luxury including 5 bedrooms, 5 baths, 4 decks, gourmet kitchen with wine fridge, great room with fireplace, elevator, driveway and over-sized garage with electric vehicle charger. Ground floor of each unit has an impressive entry hall, full bath and private cabana with full size video games and queen sleeper sofa. Also included are beach chairs and towels, boogie boards, outdoor furniture and a gas grill. The property includes a beautifully manicured beach-front lawn and outdoor showers. Both units are being sold fully furnished in addition to offering every amenity necessary to make this investment property a hit with vacationers both on and off season. Each unit comfortably accommodates up to 16 guests. Excellent income potential with the Summer season largely booked already. Sweeping panoramic views of the beach and ocean spanning from Atlantic City to Strathmere. Ideally located to enjoy the beauty and tranquility of the South End within proximity to the Ocean City boardwalk/downtown area and Sea Isle City restaurants and nightlife. This property is being offered as individual units or as a duplex. Enjoy the Summer in Ocean City with your family in one unit while renting out the other for income, utilize the entire property as an investment, or purchase an individual unit. If you have been considering buying property in Ocean City this is a must see!

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Andrea Conner, License 1758875, Xome Inc., License 2326449, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than Xome are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Andrea Conner, Maryland License 667140, Xome Inc., License 667140, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, D.C. License BR200200783, Xome Inc., License CO98372739, [email protected], 844-400- 9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, PA License # RM425337, Xome Inc., PA License #RB067821, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, NJ License # 1758875, Xome Inc. NJ License # 2326449, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

© BRIGHT, All Rights Reserved - The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Xome Inc. participates, and is provided by BRIGHT through a licensing agreement. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.



Ocean City Real Estate

The median home value in Ocean City, NJ is $999,000. This is higher than the county median home value of $613,600. The national median home value is $338,100. The average price of homes sold in Ocean City, NJ is $999,000. Approximately 18.07% of Ocean City homes are owned, compared to 7.63% rented, while 74.31% are vacant. Ocean City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ocean City real estate agent to arrange a tour today!

Ocean City, New Jersey has a population of 11,211. Ocean City is less family-centric than the surrounding county with 23.53% of the households containing married families with children. The county average for households married with children is 25.39%.

The median household income in Ocean City, New Jersey is $88,414. The median household income for the surrounding county is $76,237 compared to the national median of $69,021. The median age of people living in Ocean City is 56.3 years.

Ocean City Weather

The average high temperature in July is 83.7 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 42.3 inches per year, with 15.7 inches of snow per year.

Ocean City Real Estate Market Conditions

  • Median sales price

    $999,000
    20.3% change since last quarter
  • # Active listings

    243
    30-day change

Ocean City Schools and Demographics

Education near Ocean City, NJ

Metric City County
High School Graduates 96.79 94.05
College Degree - 2 year 5.43 7.66
College Degree - 4 year 53.98 34.98
Graduate Degree 15.35 9.5
Expenditures per Student 26,202 26,202
Students per Teacher 10.4 10.4

Elementary Schools near Ocean City, NJ

School Grades Students P/T Ratio ZIP
Dawes Avenue Elementary School PK - 06 394 10.6 08244
Jordan Road Elementary School KG - 08 547 8.9 08244
New York Avenue Elementary School PK - PK 75 10.1 08244
Ocean City Primary School KG - 03 384 11.1 08226
Seaview Elementary School PK - 04 446 11.1 08221
Upper Township Elementary School 03 - 05 454 12.5 08223
Upper Township Primary School PK - 02 480 12.5 08223
William H. Ross III School PK - 04 228 8.8 08402

Middle Schools near Ocean City, NJ

School Grades Students P/T Ratio ZIP
Belhaven Middle School 05 - 08 414 10.7 08221
Eugene A. Tighe Middle School 05 - 08 196 9.3 08402
Ocean City Intermediate School 04 - 08 507 10.2 08226

High Schools near Ocean City, NJ

School Grades Students P/T Ratio ZIP
Charter~Tech High School for the Performing Arts 09 - 12 338 9.6 08244
Mainland Regional High School 09 - 12 1,356 11.3 08221
Ocean City High School 09 - 12 1,262 12.3 08226

Demographics near Ocean City, NJ

Metric City County
Neighborhood Type Suburban
Population 11,211 95,488
Population Density 1,669 380
Median Age 56.3 50.4
People per Household 2.1 2.2
Median Household Income 88,414 76,237
Average Income per Capita 62,530 45,689