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Sold for $795,000
  • $795,000

    500 W New Jersey Ave, Somers Point, NJ 08244

    8beds
    4baths
    3,800sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $824,200 Zestimate®
    $209/sqft
    $2,271 Estimated rent

    Home value

    $824,200

    $734,000 - $931,000

    $2,271/mo

    Zestimate® history
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    $5,602/mo

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    What's special

    Fabulous investment property, 100% occupied Quadruplex- Great neighborhood in Somers Point, 0.5 miles from Bay Avenue, centrally located to all the fun, shopping and dining Somers Point has to offer. Close to public transportation, the Parkway, the Somers Point- Ocean City bridge and the Longport- Somers Point bridge. This well-maintained property consists of two 2-bedroom 1 bath side by side Townhomes. Two stories, the first floor offers a good size living room with a large storage/coat closet. Eat in kitchen with electric cooking and washer/dryer. Second floor consists of 2 spacious bedrooms and a full bathroom. Both are tenant occupied and well maintained each units get 2 assigned parking spaces. Unit #3 is a ground floor unit along the side of the townhouse leading to the back of the property, that unit consists of 2 bedrooms with a flex room/3rd bedroom with a closet and pocket doors, the current tenants use 1 of the 2 spacious bedrooms for an office and the flex room as the living/family room and the living room as a dressing room/gym. (See photos) Eat in kitchen, stackable washer and dryer and spacious bathroom, this unit has 2 assigned parking spaces. Unit #4 is a ground floor, 1 bedroom 1 bath unit with washer and dryer the bathroom is a Jack and Jill bathroom that turns the bedroom into a primary. This unit comes with a decent size storage area and 1 assigned parking spot. All units have stainless appliance package in kitchen and central split systems for heat and central air.

    Zillow last checked:

    Listing updated:

    Listed by:

    TROY ROSENZWEIG 609-209-4495,

    BHHS FOX and ROACH-Margate,

    STACY SCHERR 267-228-8043,

    BHHS FOX and ROACH-Margate

    Bought with:

    CATHERINE PORTOCK, 9592432

    Source: SJSRMLS,MLS#: 597152MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Rooms
    • Room types: Dining Area, Living Room
    Heating
    • Electric, Space/Wall/Floor, See Remarks
    Cooling
    • Central Air, Wall Unit(s)
    Appliances
    • Included: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
    Features
    • Eat-in Kitchen
    • Basement: Slab
    • Has fireplace: No
    Interior area
    • Total structure area: 3,800
    • Total interior livable area: 3,800 sqft

    Property

    Parking
    • Parking features: Assigned, Parking Pad, None
    Features
    • Has view: Yes
    • View description: See Remarks
    Lot
    • Size: 5,360 Square Feet
    • Dimensions: 80 x 67
    Details
    • Parcel number: 7

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Security System
    Location
    • Region: Somers Point

    Financial & listing details

    • Price per square foot: $209/sqft
    • Tax assessed value: $313,100
    • Annual tax amount: $11,196
    • Date on market: 6/3/2025
    • Date available: 06/03/2025
    • Inclusions: Security System
    • Road surface type: Sidewalks

    Price history

    DateEventPrice
    1/20/2026Sold$795,000$209/sqft
    Source: Public Record Report a problem
    10/21/2025Sold$795,000-6.4%$209/sqft
    Source: SJSRMLS #597152 Report a problem
    6/10/2025Listed for sale$849,000+208.7%$223/sqft
    Source: SJSRMLS #597152 Report a problem
    7/25/2018Sold$275,000+62.7%$72/sqft
    Source: Public Record Report a problem
    8/12/2016Sold$169,000-43.5%$44/sqft
    Source: SJSRMLS #465218 Report a problem
    9/25/2015Listing removed$299,000$79/sqft
    Source: Bhhs Fox& Roach Realtors Report a problem
    8/21/2015Listed for sale$299,000-8%$79/sqft
    Source: Bhhs Fox& Roach Realtors Report a problem
    12/1/2005Sold$325,000$86/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,196 $313,100
    2024$11,196 +3.1%$313,100
    2023$10,865 +5.4%$313,100
    2022$10,304 +2.1%$313,100
    2021$10,094 +2.9%$313,100
    2020$9,809 +2.2%$313,100
    2019$9,603 +3.7%$313,100
    2018$9,258 +4.7%$313,100
    2017$8,839 +1%$313,100
    2016$8,748 +3.5%$313,100
    2015$8,454 +2.7%$313,100
    2014$8,235 +7.8%$313,100 +76.8%
    2012$7,642 +3.9%$177,100
    2011$7,359 +3.6%$177,100
    2010$7,102 +2.7%$177,100
    2009$6,918 +1.7%$177,100
    2008$6,802 +4.2%$177,100
    2007$6,528 $177,100
    2006-- $177,100
    2005-- $177,100
    2004-- $177,100
    2003-- $177,100
    2002-- $177,100
    2001-- $177,100
    Find assessor info on the county website

    Neighborhood: 08244

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $824,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $824,200