807 E 8th Street
Ocean City, NJ, 08226 $ 185,000
Baths1.0 Monthly Estimate*
$ 1,154
Studio for $185,000 with 1 full bath.
Donât miss this fully furnished studio in the Hanscom, just steps from the beach! Rented year-round, it generated nearly $36,000 in gross income in 2024 and over $25,000 in 2025, making it one of the buildingâs most profitable rentals. The studio is a well-known rental in the building, with a dedicated website that drives strong traffic and generates consistent inquiries and bookings - a benefit a new owner could immediately take advantage of. Inside, it features original flooring, a new AC, full bathroom, kitchenette, dining area, and storage closet, creating a low-maintenance beachside retreat. The building offers a lobby, sitting area, elevator access, on-site laundry, and private storage for each unit. A low HOA fee covers utilities, building amenities and maintenance, insurance, and WiFi, with electric as the only separate expense. This is a cash-only purchase, as financing is not available. Conveniently located within walking distance of Sundaeâs Ice Cream Shop, bike rentals, the OC Waterpark, shops, dining, and the boardwalk, this studio is ready to provide dependable rental income or serve as your own vacation getaway.
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FeaturesGeneralWater Public Water
Sewer Public Sewer
Heating Baseboard Electric
Appliances Electric Stove Microwave Refrigerator
Status Active Active
Full Baths 1
Half Baths 0
Other Rooms Dining Area
Stories Count Six to Ten
Class CONDOMINIUM
Type Condo
Rooms 2
Condo Name Homestead
Unit Number 402
Tax Year 2024
Pets Allowed Y/N No pets allowed
Garage None
Status Detail 0
Waterfront No
Common Area Features Elevator Laundromat On Site Outside Shower Storage Facility
Association Fee Includes Amenities Cable Insurance Maintenance Sewer Trash Water
Area Ocean City/Central
Location Beach Block Boardwalk Area
Taxes 675
Adult Community/55+: Y/N 0
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InteriorBeds 0
Unit Levels One
Air Conditioning Ceiling Fan(s) Window Units
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* Excluded FeaturesList ByBhhs Fox And Roach-109 34Th OcBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,154
- Monthly Property Taxes
- $56
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyCondo listings in Ocean City, NJ
Average List Price $1,270,633
Percent of Sale Price 587%
About Ocean City, NJ 11,772 Population
-23% Since 2002
$ 66,936 Median Income
55.21 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/19/2025 | $185,000 | | Listed Price |