About this home

LEGAL 2-FAMILY | 8 SHORT BLOCKS TO THE BEACH | NO HOA | JERSEY SHORE INVESTMENT OPPORTUNITY Live the Ocean Grove lifestyle while owning a property with real income-producing potential. This legally recognized 2-family property offers a rare combination of Jersey Shore charm, flexibility, and investment opportunity-just eight short blocks from the beach and boardwalk in the heart of Ocean Grove. For buyers looking for a condo alternative without an HOA, a second home with rental income, or an investment property in one of the Jersey Shore's most beloved beach communities, this property deserves a look. Ocean Grove is all about the Shore lifestyle: morning walks to the beach, summer days in the sand, evenings strolling the boardwalk, and the unique charm of a historic seaside community. Here, you're close enough to enjoy it all while still having the potential to generate rental income. The first-floor unit welcomes you with a charming screened-in porch-perfect for morning coffee or relaxing after a day at the beach. Inside is a comfortable living room, followed by a pass-through bedroom with two closets, an updated kitchen, and a three-piece bath. Sliding doors lead to a spacious rear yard featuring a composite deck, ideal for summer entertaining, dining outdoors, or simply soaking up the Shore sunshine. The rear and side yards are finished with low-maintenance pavers, making ownership and upkeep easy. The second-floor unit has its own private exterior entrance and has been recently renovated with new sheetrock, cabinets, trim, doors, and fresh paint. The efficient kitchen features a refrigerator, gas range, ceramic tile, and a convenient seating area. A three-piece bath serves the unit, while the cozy living area has been completely refreshed with new overhead lighting, trim, and paint. The private primary bedroom provides a peaceful retreat-a perfect place to unwind with a good book after a day at the beach. Income potential is a major part of the appeal. One-bedroom, one-bath accommodations in Ocean Grove can command approximately $1,600-$2,000+ per month for winter rentals, while summer weekly rentals can achieve similar or greater amounts depending on timing, condition, and demand. Buyers should independently verify current rental rates and income potential. Whether your goal is to build a Jersey Shore investment portfolio, offset ownership costs with rental income, create a family beach retreat, or enjoy the flexibility of a two-unit property, this Ocean Grove opportunity checks a lot of boxes. Beach-town lifestyle. Two legal units. No HOA. Private outdoor space. Rental potential. And Ocean Grove just eight short blocks away. Your piece of the Jersey Shore starts here. Most Recent Multi-family Ocean Grove closed at $790k December of 2025.

Facts and features

Schools

• Neptune High School

  high · 9-12 · 1.3 mi

  1

• Neptune Middle School

  middle · 6-8 · 1.5 mi

  4

• Midtown Community Elementary School

  elementary · K-5 · 0.4 mi

  4

• The Sisters Academy

  elementary · 5-8 · 0.7 mi

• Hope Academy Charter School

  elementary · K-8 · 0.5 mi

  4

• Our Lady Of Mt Carmel School

  elementary · K-8 · 0.8 mi

Price history

• Sep 26, 2026 · Listed$600,000
• Sep 24, 2026 · Listing Removed—
• Sep 18, 2026 · Listed$600,000
• Sep 3, 2025 · Listing Removed—
• Aug 19, 2025 · Listed$550,000
• Mar 29, 2005 · Sold$280,000

Tax history

• 2025$12,444 tax · $731,900 assessed
• 2024$9,574 tax · $688,300 assessed
• 2023$11,424 tax · $644,000 assessed
• 2022$8,974 tax · $477,100 assessed
• 2021$9,348 tax · $450,100 assessed
• 2020$9,138 tax · $438,300 assessed
• 2019$8,982 tax · $425,100 assessed
• 2018$9,060 tax · $424,400 assessed

Home value

$628,318

• Quantarium$628,318
• Collateral Analytics$746,000
• Cotality$603,200

Where it is