509 E 7th St Street Ocean City, NJ $ 949,999
509 E 7th St Street
$ 949,999
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509 E 7th St Street

Ocean City, NJ, 08226
$ 949,999
Baths0.0

Monthly Estimate*

$ 6,636

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Studio

Multi-Family Home for sale in Ocean City, NJ

for $949,999. This home was built in 1920.

Looking for an income generating property? Personal paradise? Look no further! So many options with this gem, earn income with one unit and enjoy the other, use both for yourself, renovate or enjoy as is! Property zoning is R-MF which allows for single and multi-family dwellings. This property’s ideal location puts you a short walk from the heart of Asbury Ave, beaches and boardwalk. Location, location, location. Entering the first floor unit you’ll be greeted by the bright and airy living and dining areas with original hardwood floors. This unit offers 2 bedrooms and 2 full bathrooms. While downstairs you’ll notice a perfect blend of upgrades with charm throughout. Some newly renovated areas include the ensuite bathroom with a carrera marble vanity as well as the kitchen which offers a brand new granite counter tops and breakfast bar and new lighting. But for those who appreciate the classics, the original hardwood flooring and clawfoot soaking tub will be sure to catch your eye as well. Moving upstairs, you’ll be welcomed by a wraparound deck, a perfect place to enjoy a meal and the summer breeze after a long day on the beach. The second floor unit which was recently renovated features 2 large bedrooms and 1 bathroom. You’ll notice the luxury vinyl wood plank flooring, and kitchen upgrades such as stainless steel appliances and granite counters. Property also has newer high end gas heating system, new instant hot water heater, enclosed outdoor shower and one off street parking area. A one year home warranty is included. Current owner is licensed NJ Realtor.

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Multi-Family Active

Price

$ 949,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Year Built

1920

Town/City

Ocean City

County/Region

Cape May

MLS | Web ID

581845

Features
Exterior
Exterior Concrete Vinyl
Driveway Concrete
Lot 603
Lot Dimensions 50x35
Separate Meters Electric Gas
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General
Water Public
Sewer Public Sewer
Heating Gas-Natural
Appliances Dishwasher Dryer Gas Stove Microwave Refrigerator Washer
Status Active Active
Year Built 1920
Other Rooms Laundry/Utility Rm
Water Heater Tankless-gas
Class MULTI-FAMILY
Type Duplex
Tax Year 2023
Garage None
Waterfront No
Area Ocean City/Central
Taxes 3885
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Interior
Basement Crawl Space
# of Units 2
Air Conditioning Window Units
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* Excluded Features
List By
Exp Realty - Montclair

Broker

Affordability Calculator

$6,636
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,636
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$949,999 -5.00% Price Down
2/4/2024$999,999 Listed Price

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509 E 7th St Street, Ocean City, NJ, 08226 is a Multi-Family Home for sale at $949,999. 509 E 7th St Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 08226 which is in Ocean City, NJ