140 Ocean Avenue, Point Pleasant Beach, NJ 08742

$1,875,000

Property Type: Multi-Family Bedrooms: 10 Baths: 5 Square Footage: 2,953 Lot Size (sq. ft.): 3,485 Status: Active

Current Price: $1,875,000 List Date: 12/22/2025 Last Modified: 3/29/2026

Overview

Description

Welcome to Point Pleasant Beach! Rent Ready: 7.2% 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.

Listing Details MLS# 22537140

Contract Info

List Price/SqFt: 634.95
Property Sub-Type: Four Family
New Construction: No

Location

House Number: 140
Street Name: Ocean
Street Suffix: Avenue
County: Ocean
Municipality: Point Pleasant Beach (PPB)
Postal City: Point Pleasant Beach
State: NJ
Zip Code: 08742
Area/Section: Pt Pleasant Bch
Complex/Subdivision: None
Elementary School: Antrim
High School: Point Pleasant Beach
Other High: Trinity Hall
Directions: Steps from the beach

General Property Info

# Units in Bldg: 4
Full Baths: 5
Total Baths: 5
# Levels: 2
Apx SqFt: 2953
Apx Year Built: 1936
Fireplace: Yes
Handicap Access: No
# Acres: 0.08
Lot Dimensions: 25x135
Garage: No
Pool: No
Waterfront: No
Waterview: No
Basement: No
# Car Garage: 0

Tax and Legal

Asmnt - Total: 533800
Deed Restricted: No
Special Assessment: No
Taxes: 9624
Tax Year: 2025

Unit 1

# Bedrooms: 4
# Full Baths: 2
Dishwasher: Yes
Dryer: Yes
Gas Stove: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

Unit 2

# Bedrooms: 4
# Full Baths: Yes
Dishwasher: Yes
Dryer: Yes
Gas Stove: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

More Information

Unit 3

# Bedrooms: Yes
# Full Baths: Yes

Unit 4

# Bedrooms - Unit 4: Yes
# Full Baths - Unit 4: Yes

Income & Expenses

Gross Income: 152975
Net Income: 135000

Zoning

Non-Conforming: Yes

Showing

Showing Time: Yes

Lot Description

Ocean Block: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Floors

Laminate: Yes
Wood: Yes

Basement

Partial: Yes

Cooling

Multi Units: Yes

Water Heater

Natural Gas: Yes

Heating

3+ Zoned Heat: Yes
Natural Gas: Yes

Exterior

Patio: Yes
Shed: Yes

Parking

On Street: Yes

Garage

None: Yes

Assessment Status

Assessed: Yes

Siding

Vinyl: Yes

Roof

Shingle: Yes

Property Features

Unit 1: Dishwasher; Dryer; Gas Stove; Refrigerator; Washer; Water Heater Unit 2: Dishwasher; Dryer; Gas Stove; Refrigerator; Washer; Water Heater Basement: Partial Floors: Laminate; Wood Cooling: Multi Units Heating: 3+ Zoned Heat; Natural Gas Water Heater: Natural Gas Exterior: Patio; Shed Siding: Vinyl Roof: Shingle Garage: None Parking: On Street Zoning: Non-Conforming Lot Description: Ocean Block Assessment Status: Assessed Showing: Showing Time

Listing Office: LPT Realty

Listing Agent: Erik Ewell

Last Updated: March - 29 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.