406 Sixth Avenue, Asbury Park, NJ
$ 1,400,000
Property Attributes
  • MLS#22328557
  • TypeMulti-Family
  • CountyMONMOUTH
  • CityAsbury Park
  • AreaAsbury Park
  • NeighborhoodAsbury Park
  • Zip07712
  • Style
  • Year Built1925
  • Taxes$ 11354
  • Price$ 1,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3977
  • Lot Size11,326 SqFt
Data Source:
Monmouth Ocean Regional REALTORS® (MOMLS)
Property Description

ASBURY PARK - 5 FAMILY!!! Exceptional street and sought-after neighborhood, situated just three blocks from the beach! This five-family residence features two one-bedroom units, each offering spacious rooms, along with three two-bedroom units. The property is equipped with separate gas, water, and electric meters, enhancing profitability for the landlord. The two-car garage on the premises also offers income potential, and there's off-street parking for tenants, offering a significant advantage. This represents a fantastic opportunity to become a part of the vibrant and highly desirable Asbury Park community. Don't let this one pass you by! ** Please note that the current rental rates are below the market value - all tenants are month to month. **

Price History
10/12/2023 Listed $1,400,000

General Features

Additional Parcels Y/N No
Attached Garage No
Carport Y/N No
City Asbury Park
Cooling Multi Units
County Monmouth
Days on Market 44
Directions Main Street to 6th Ave East - Home is on right.
Electric Expense 480.0
Garage Spaces 2.0
Garage Y/N Yes
Gross Income 105600.0
Heating 3+ Zoned Heat
Home Warranty Y/N No
Insurance Expense 4000.0
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 11325.6
MLS Area None
MLS Area Minor Asbury Park (ASB)
Mobilehomeremainsyn No
New Construction No
Ownerpays Sewer
Property SubType Five Family
Property Type Multi-Family
Rent Control Y/N No
Sewer Public Sewer
Standard Status Active
Status Active
Stories 3
Street Name Sixth
Subdivision Name None
Tax Annual Amount 11354.0
Tax Year 2022
TaxOtherAnnualAssessmentAmount 738000.0
Tenant Pays Water, Heat, Gas, Electricity
Total Units 5
View Y/N No
Water Sewer Expense 3600.0
Waterfront Y/N No
Year Built 1925

Interior Features

Air Conditioning Y/N Yes
Basement Full
Electric On Property Y/N No
Full Baths 5
Heating Y/N Yes
Street Suffix Avenue
Total Baths 5
Total Bedrooms 8

Exterior Features

Building Area Total 3977.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 75 x 150
Lot Features Level
Lot Size Acres 0.26
Lot Size Area 0.26
Lot Size Units Acres
Open Parking Y/N No
Parking Features Detached
Spa No
Total Parking 2.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 07712

AVG $950K
AVG $9,003
AVG 65
Data Provided by Inside Real Estate®
Year Built
AVG 1924
AVG 91
Data Provided by Walkscore® not using MLS data