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
Last Updated: November - 14 - 2025
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.