Attention All Investors! Income producing property located in the Historic Bay District of Somers Point, which is one of the most popular and sought after neighborhoods in town. This 3-unit opportunity does not come along very often. It features two 2-bedroom units and one 1-bedroom unit. Just 1 house up from Bay Ave., the location is within walking distance to restaurants, taverns, marinas, the Somers Point beach and more. Access Ocean City from the 9th Street causeway or the Longport/Ocean City bridge within minutes. The front of this 50 x 150 ft lot begins facing north on Delaware Ave and runs back to Miller Lane, where the detached 2-car garage access is located. An incredible opportunity! Property is being sold strictly in as-is condition.
Sold for $541,000
$541,000
40 Delaware Ave, Somers Point, NJ 08244
5beds
3baths
--sqft
Triplex
Built in 1920
-- sqft lot
$660,200 Zestimate®
$--/sqft
$2,226 Estimated rent
Home value
$660,200
$614,000 - $713,000
$2,226/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
LINDA WALSH 609-335-0809,
Keller Williams Realty Jersey Shore-Ocean City,
LINDA WALSH 609-335-0809,
Keller Williams Realty Jersey Shore-Ocean City
Bought with:
CRIS NOREEN, 8200288
Source: SJSRMLS,MLS#: 579424
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Baseboard, Natural Gas
Cooling
- Wall Unit(s)
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Parking features: Parking Pad, Detached Garage, Garage
- Garage spaces: 2
Features
- Has view: Yes
- View description: See Remarks
Lot
- Size: 7,500 Square Feet
- Dimensions: 50 x 150
Details
- Parcel number: 13
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Somers Point
Financial & listing details
- Tax assessed value: $264,600
- Annual tax amount: $8,708
- Date on market: 11/4/2023
- Date available: 11/04/2023
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2024 | Sold | $541,000+1.1% |
Source:  SJSRMLS #579424 Report a problem | ||
| 12/9/2023 | Pending sale | $534,900 |
Source: SJSRMLS #579424 Report a problem | ||
| 11/4/2023 | Listed for sale | $534,900 |
Source: SJSRMLS #579424 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,462 | $264,600 |
| 2024 | $9,462 +3.1% | $264,600 |
| 2023 | $9,182 +5.4% | $264,600 |
| 2022 | $8,708 +2.1% | $264,600 |
| 2021 | $8,531 +2.9% | $264,600 |
| 2020 | $8,290 +2.2% | $264,600 |
| 2019 | $8,115 +3.7% | $264,600 |
| 2018 | $7,824 +4.7% | $264,600 |
| 2017 | $7,470 +1% | $264,600 |
| 2016 | $7,393 +3.5% | $264,600 |
| 2015 | $7,144 +0.5% | $264,600 |
| 2014 | $7,110 +7.8% | $264,600 +73.1% |
| 2012 | $6,598 +3.9% | $152,900 |
| 2011 | $6,353 +3.6% | $152,900 |
| 2010 | $6,131 +2.7% | $152,900 |
| 2009 | $5,972 +1.7% | $152,900 |
| 2008 | $5,873 +4.2% | $152,900 |
| 2007 | $5,636 | $152,900 |
| 2006 | -- | $152,900 |
| 2005 | -- | $152,900 |
| 2004 | -- | $152,900 |
| 2003 | -- | $152,900 |
| 2002 | -- | $152,900 |
| 2001 | -- | $152,900 |
Find assessor info on the county website
Neighborhood: 08244
Nearby homes
- $508,2003 bd2 ba1.6k sqft36 Delaware Ave, Somers Point, NJ 08244Off Market
- $602,7503 bd2 ba1.2k sqft827 Bay Ave, Somers Point, NJ 08244Sold
- $519,100-- bd-- ba1.7k sqft32 Delaware Ave, Somers Point, NJ 08244Off Market
- $347,0002 bd1 ba950 sqft7 Miller Ln, Somers Point, NJ 08244Off Market
- $525,400-- bd-- ba2.2k sqft28 Delaware Ave, Somers Point, NJ 08244Off Market
- $539,200-- bd-- ba1.2k sqft833 Bay Ave, Somers Point, NJ 08244Off Market
- $885,0004 bd2 ba3k sqft825 Bay Ave, Somers Point, NJ 08244Sold
- $499,9003 bd3 ba1k sqft837 Bay Ave, Somers Point, NJ 08244Off Market
Nearby schools
GreatSchools rating
- 4/10Jordan Rd Elementary SchoolGrades: 4-8Distance: 0.9 mi
- 7/10Mainland Regional High SchoolGrades: 9-12Distance: 2.6 mi
- 3/10Dawes Ave Elementary SchoolGrades: PK-3Distance: 1 mi
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Estimated market value
$660,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$660,200
- New Jersey
- Atlantic County
- Somers Point
- 08244
- 40 Delaware Ave
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