20 Webb Avenue, Ocean Grove, NJ 07756

$1,700,000
Property Type: Multi-Family Bedrooms: 8 Baths: 7 Square Footage: 3,815 Lot Size (sq. ft.): 1,742 Status: Active
Current Price: $1,700,000 List Date: 11/02/2025 Last Modified: 11/14/2025

Description

Prime Investment Opportunity - 7-Unit Beachside Property in Ocean Grove Exceptional opportunity to own a fully occupied 7-unit income property a block from the beach, boardwalk, and charming downtown Ocean Grove. This well-maintained building features one spacious 2-bedroom, 1-bath unit and six 1-bedroom, 1-bath units, offering an ideal mix for steady, reliable rental income. With a proven track record of consistent cash flow and strong tenant demand, this property is perfectly positioned for both long-term investors and those looking to expand their coastal portfolio. The unbeatable location—steps from the ocean and minutes to Asbury Park's restaurants and nightlife—makes this an in-demand asset year-round.

More Information MLS# 22533220

Contract Info

List Price/SqFt: 445.61 Status: Active List Date: 2025-11-02 List Price: $1,700,000 Current Price: $1,700,000 Property Sub-Type: 7+ Family

Location

Area/Section: Ocean Grove Middle School: Neptune High School: Neptune Twp House Number: 20 Street Name: Webb Street Suffix: Avenue County: Monmouth Municipality: Neptune Twp (NPT) Postal City: Ocean Grove State: NJ Zip Code: 07756 Complex/Subdivision: Ocean Grove Directions: From Route 35 take Broadway East then turn right onto Central Ave, then a left onto Webb Ave

General Property Info

# Units in Bldg: 7 Waterfront: No # Levels: 3 Waterview: No Grandfathered: y Lot Dimensions: 30 x 53 Basement: Yes Garage: No # Acres: 0.04 # Car Garage: 0 Pool: No Bedrooms: 8 Full Baths: 7 Total Baths: 7 Apx SqFt: 3815 Apx Year Built: 1900

Tax and Legal

Asmnt - Total: 987200 Deed Restricted: No Taxes: 16992 Tax Year: 2024

Unit 1

# Bedrooms: 1 # Full Baths: 1 Rent: 2500

Unit 2

# Bedrooms: 2 # Full Baths: 1 Rent: 1850

Unit 3

# Bedrooms: 1 # Full Baths: 1 Rent: 1800

Unit 4

# Bedrooms - Unit 4: 1 # Full Baths - Unit 4: 1 Rent: 1850

Unit 5

# Bedrooms: 1 # Full Baths: 1 Rent: 1625

Unit 6

# Bedrooms: 1 # Full Baths: 1 Rent: 1550

Unit 7

# Bedrooms: 1 # Full Baths: 1 Rent: 1650

Interior

Attic: 1 Balcony: 1 Fire Sprinkler System: 1

Zoning

Multi-Use: 1

Showing

Showing Time: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Basement

Full: 1 Partially Finished: 1

Cooling

Other: 1

Water Heater

Natural Gas: 1

Heating

Forced Air: 1 Natural Gas: 1

Garage

None: 1

Assessment Status

Assessed: 1

Roof

Shingle: 1

Property Features

Interior: Attic; Balcony; Fire Sprinkler System Basement: Full; Partially Finished Cooling: Other Heating: Forced Air; Natural Gas Water Heater: Natural Gas Roof: Shingle Garage: None Zoning: Multi-Use Assessment Status: Assessed Showing: Showing Time
Listing Office: Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Listing Agent: Michael Lubrano
IDX
Last Updated: November - 14 - 2025
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