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$1,980,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
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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.

Full Property Details for 140 Ocean Ave

General

  • Price: $1,980,000
  • Taxes: $9,624 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Monmouth
  • MLS ID: 22537140
  • Updated: 1/1/2026
  • Added to Site: 25 day(s) ago

Interior

  • Flooring: Wood, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Parking

  • Parking Features: On-Street, None
  • Garage Description: None

Location

  • Area: Point Pleasant Beach (PPB)
  • Municipality: Point Pleasant Beach (PPB)
  • County: Ocean
  • Subdivision: None

School Information

  • Other School: Trinity Hall

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Multi Units
  • Heating Type: 3+ Zoned Heat

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Water/Sewer: Public Sewer, Public Water

Structural Information

  • Roof: Shingle
  • Square Feet: 2,953
  • Year Built: 1936

Unit Information

Unit 1

  • Bedrooms: 4

Unit 2

  • Bedrooms: 4

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Additional Structures

  • Other Structures: Shed

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,484.8
  • Lot Dimensions: 25 x 135
  • Lot Features: Ocean Block
  • Zoning: Non-Conforming

Financial Considerations

  • Price Per Sq. Ft.: $670.5
  • Tax Amount: $9,624
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 26-00121-0000-00004-01
  • Section: Pt Pleasant Bch

Listed by LPT Realty, Erik Ewell

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Listing agent

— 140 Ocean Ave —

  • Erik Ewell

    LPT Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 140 Ocean Ave

School District:Point Pleasant Beach Borough School District
NameGradesDistance
G Harold Antrim Elementary School
401 Niblick Street, Point Pleasant Beach, NJ 08742
PK-80.6 mi
Point Pleasant Bch High School
700 Trenton Avenue, Point Pleasant Beach, NJ 08742
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 140 Ocean Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/22/2025
Listed
$1,980,000
144.44%
MLS
9/30/2020
Sold
$810,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 140 Ocean Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,171
3%
$533,800
—
2023
$8,893
3%
$533,800
—
2022
$8,642
2%
$533,800
—
2020
$8,439
1%
$533,800
—
2019
$8,322
2%
$533,800
—
2018
$8,194
2%
$533,800
—
2017
$8,066
—
$533,800
—
2016
$8,103
1%
$533,800
—
2015
$8,039
14%
$533,800
—
2013
$7,081
—
$533,800
9%
2013
$7,081
—
$490,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 140 Ocean Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by LPT Realty, Erik Ewell

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Price Reduced near 140 Ocean Ave

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508 Harris Ave, Brielle, NJ 08730 - Photo 1 Price Reduced
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140 Ocean Avenue, Point Pleasant Beach, NJ 08742 (MLS# 22537140) is a Multi-Family property with 4 units containing 10 bedrooms and 5 full bathrooms. 140 Ocean Avenue is currently listed for $1,980,000 and was received on December 22, 2025. Want to learn more about 140 Ocean Avenue? Do you have questions about finding other Multi-Family real estate for sale in Point Pleasant Beach? You can browse all Point Pleasant Beach real estate or contact a Coldwell Banker agent to request more information.

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