54 Olin Street, Ocean Grove, NJ 07756

$800,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,587 Lot Size (sq. ft.): 871 Status: Closed

Current Price: $800,000 List Date: 1/30/2026 Last Modified: 3/05/2026

Overview

Description

The best deal in Ocean Grove! You can live three blocks to the beach, steps to Main Ave, and a short stroll to Asbury Park. This recently renovated, historic building uniquely provides income from two first floor commercial spaces with a current rent roll that offsets your taxes and insurance. Compared to single family homes of this quality, size, and location, the value is undeniable. Rental income covering the carrying costs is the icing on the cake! Now vacant and easy to show, the residential portion stuns with high ceilings on both levels, three bedrooms and three full bathrooms, a gas fireplace, updated kitchen, large living room and a bonus room. The basement is bone dry. The whole building is equipped with fire suppression. Savvy buyers know this is a rare opportunity!

Listing Details MLS# 22534904

Contract Info

List Price/SqFt: 347.85
Property Sub-Type: Single Family Residence
Sub-Type: Detached

Location

House Number: 54
Street Name: Olin
Street Suffix: Street
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Area/Section: Ocean Grove
Complex/Subdivision: Ocean Grove
Middle School: Neptune
Directions: Main to Pilgrim to Olin

General Property Info

Full Baths: 3
Total Baths: 3
Fireplace: Yes
# Fireplaces: Yes
Apx SqFt: 2587
# Levels: 2
# Units/Bldgs: 3
Apx Year Built: 1910
Garage: No
Acreage: 0.02
Lot Dimensions: 19 x 51
HOA: No
Pool: No
Waterfront: No
Waterview: No
Rooms: 9
Basement: Yes
# Car Garage: 0

Tax and Legal

Asmnt - Total: 1229200
Taxes: 20152
Tax Year: 2024

Status Change Info

Under Contract Date: 2026-02-03
Sold Date: 2026-03-05

Remarks & Misc

Excluded: personal property

More Information

Ownership Type

Fee Simple: Yes

Style

Custom: Yes
Historic: Yes

Interior

Ceilings - 9Ft+ 1st Flr: Yes
Ceilings - 9Ft+ 2nd Flr: Yes

Showing

Showing Time: Yes

Living Room

Fireplace - Gas: Yes
Floor - Wood: Yes

Dining Room

Floor - Wood: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Floors

Wood: Yes

Kitchen

Center Island: Yes

Basement

Unfinished: Yes

Primary Bedroom

Floor - Wood: Yes
Full Bath: Yes

Cooling

Central Air: Yes

Water Heater

Natural Gas: Yes

Primary Bath

Tub: Yes

Heating

Natural Gas: Yes

Exterior

Balcony: Yes

Assessment Status

Assessed: Yes

Roof

Flat: Yes
Shingle: Yes

Rooms

Bathroom: Yes
Bedroom: Yes
Bonus Room: Yes
Dining Room: Yes
Kitchen: Yes
Living Room: Yes
Primary Bathroom: Yes
Primary Bedroom: Yes

Bathroom Level

Second: Yes
Third: Yes

Primary Bathroom Level

Second: Yes

Bedroom Level

Third: Yes

Bonus Room Level

Third: Yes

Dining Room Level

Second: Yes

Kitchen Level

Second: Yes

Living Room Level

Second: Yes

Primary Bedroom Level

Second: Yes

Property Features

Ownership Type: Fee Simple Style: Custom; Historic Interior: Ceilings - 9Ft+ 1st Flr; Ceilings - 9Ft+ 2nd Flr Living Room: Fireplace - Gas; Floor - Wood Dining Room: Floor - Wood Kitchen: Center Island Primary Bedroom: Floor - Wood; Full Bath Primary Bath: Tub Basement: Unfinished Floors: Wood Cooling: Central Air Heating: Natural Gas Water Heater: Natural Gas Exterior: Balcony Roof: Flat; Shingle Assessment Status: Assessed Showing: Showing Time Rooms: Bathroom; Bedroom; Bonus Room; Dining Room; Kitchen; Living Room; Primary Bathroom; Primary Bedroom Bathroom Level: Second; Third Primary Bathroom Level: Second Bedroom Level: Third Bonus Room Level: Third Dining Room Level: Second Kitchen Level: Second Living Room Level: Second Primary Bedroom Level: Second

Room Information

Room Name	Level
Bathroom	Second
Living Room	Second
Dining Room	Second
Kitchen	Second
Primary Bedroom	Second
Primary Bathroom	Second
Bedroom	Third
Bonus Room	Third
Bedroom	Third
Bathroom	Third

Listing Office: Allegro Agency

Listing Agent: Christopher Morales

Last Updated: March - 05 - 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.