For sale

Price cut: $75K (6/24)

$1,225,000

123 Main Avenue, Ocean Grove, NJ 07756

6beds

--sqft

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Multi Family

Built in ----

-- sqft lot

$1,201,800 Zestimate^®

$--/sqft

$-- HOA

What's special

Exceptional investment opportunity in the heart of sought-after Ocean Grove! This well-maintained legal 3-family property is ideally located just a few short blocks from the beach and boardwalk, offering the perfect blend of coastal living and strong income potential. Each unit features its own private entrance, bright living spaces, and functional layouts, making it attractive for both year-round tenants and seasonal rentals. Whether you're looking to expand your portfolio or live in one unit while generating income from the others, this property offers versatility and long-term value. Enjoy all that Ocean Grove has to offer -from its charming tree-lined streets and historic Victorian architecture to its vibrant downtown filled with boutique shops, cafes, and restaurants.

110 days

1,387

78

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard

Cooling

Multi Units

Features

Basement: Full

Property

Features

Stories: 3

Details

Parcel number: 3500159000000010

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: None

Location

Region: Ocean Grove

Financial & listing details

Tax assessed value: $1,148,800
Annual tax amount: $19,277
Date on market: 3/20/2026

Estimated market value

$1,201,800

$1.14M - $1.26M

$2,576/mo

Price history

Date	Event	Price
6/24/2026	Price change	$1,225,000-5.8%
Source: MoreMLS #22607072 Report a problem
3/20/2026	Listed for sale	$1,300,000+31.3%
Source: MoreMLS #22607072 Report a problem
12/8/2023	Sold	$990,000-10%
Source: MoreMLS #22326536 Report a problem
10/21/2023	Pending sale	$1,100,000
Source: MoreMLS #22326536 Report a problem
9/29/2023	Listed for sale	$1,100,000+41.9%
Source: MoreMLS #22326536 Report a problem
10/24/2022	Listing removed	--
Source: RE/MAX International Report a problem
7/16/2022	Pending sale	$775,000+3.3%
Source: RE/MAX International #22212346 Report a problem
7/15/2022	Sold	$750,000-3.2%
Source: MoreMLS #22212346 Report a problem
5/6/2022	Pending sale	$775,000
Source: RE/MAX International #22212346 Report a problem
5/6/2022	Contingent	$775,000
Source: MoreMLS #22212346 Report a problem
4/27/2022	Listed for sale	$775,000-3%
Source: MoreMLS #22212346 Report a problem
4/14/2022	Listing removed	--
Source: RE/MAX International Report a problem
3/24/2022	Listed for sale	$799,000
Source: MoreMLS #22208125 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$19,277 +14.7%	$1,148,800 +14.7%
2024	$16,807 +31.3%	$1,001,600 +38.8%
2023	$12,805 -1.4%	$721,800 +4.5%
2022	$12,990 +4.1%	$690,600 +15%
2021	$12,477 +0.5%	$600,700 +7.8%
2020	$12,420 -0.7%	$557,400 -5.2%
2019	$12,511 +13.6%	$587,800 +0.3%
2018	$11,010 +9.1%	$586,000 +18.5%
2017	$10,089 +3.7%	$494,600 +9.3%
2016	$9,730 -3.8%	$452,400 +1.8%
2015	$10,111	$444,300

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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