402 2nd Avenue, Long Branch, NJ 07740
None · Monmouth County
Key Facts
Description
Charming Multi-Family Complex in the Heart of Long Branch - A Unique Investment Opportunity!** Welcome to your next profitable venture nestled within one of New Jersey's most sought-after coastal towns! This exceptional multi-family complex features two distinct buildings spread across two expansive lots, offering a total of 8 well-appointed rental units poised for solid returns. Located just steps from beautiful Pier Village beaches, vibrant boardwalk attractions, and thriving local amenities, this property truly embodies the ideal combination of potential and convenience. **Features You'll Love:** - **Exceptional Layout:** Comprising two thoughtfully designed buildings that maximize both space and comfort. Each unit is uniquely tailored to meet the needs of today's diverse renters. Stable Tenant Base: Enjoy peace of mind with all tenants currently on month-to-month leases, providing flexibility for rent adjustments or owner occupancy down the line. Carefree Utilities: The landlord covers water & sewer expenses, simplifying property management and enhancing profitability while ensuring tenant satisfaction. - **Prime Location:** Long Branch boasts a lively atmosphere with easy access to stunning beaches, parks, shopping centers, fine dining options, and cultural venues making this property a definite must see. Property in area of multi million dollar properties, public transportation and beach attractions. Many tenants are long term and would rather stay. Potential of this R-4 zone is considerable. 396 2nd Avenue lot is 54x274 402 2nd Avenue lot is 75x274 Seller would like both units to sell as one package. Both properties have been family owned for over 60 years. Very unique opportunity to be a landlord or own a large parcel of land and the possibilities are endless in this amazing location in desirable Long Branch.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1902
Living Area
5,021 sq ft
Lot Size
0.48 acres
Lot Dimensions
75 x 277
Garage Spaces
2
MLS® Listing#
22617872
Property Features
Appliances
Cooling
Basement
Parking
Lot Features
Roof
Sewer
Water Source
Schools
- Elementary:
- Anastasia
- Middle:
- Long Branch
- High:
- Long Branch
Financial Details
Annual Taxes
$9,180
Tax year 2025
Parcel Number
27-00153-0000-00018
Directions
402 2nd Avenue
Affordability Calculator
$495,000
Estimated monthly payment
$13,173/mo
Principal $1,980,000 · Est. interest $2,762,276 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Long Branch, NJ
- $1,000,000
- Median Listing Price
- 70
- Median Days on Market
- 1,889
- Median Sq Ft
- $1,013
- Median Price / Sq Ft
- 285
- Active Listings
- This home’s price is 148% above the area median.
- Its price per sq ft is 51% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Long Branch, NJ.
Location
Points of Interest in Long Branch, NJ
Showing the Long Branch area map.
Nearby Schools
Seashore School
School · 0.1 mi away
Long Branch Middle School
Secondary · 0.3 mi away
Long Branch High School
Secondary · 0.4 mi away
West End Elementary School
Elementary · 0.4 mi away
Academy of Law & Public Safety
School · 0.5 mi away
Monmouth County Vocational School District
School · 0.5 mi away
Champions at Morris Avenue School
School · 0.6 mi away
Morris Avenue School
Elementary · 0.6 mi away
Alternative Academy
School · 0.7 mi away
Gregory Elementary School
Elementary · 0.7 mi away
Children of the King Academy
School · 0.8 mi away
Escola Lusitania
School · 0.9 mi away
Joseph M Farina Early DVLP't Ctr
School · 1.0 mi away
Gregory Elementary School
Elementary · 1.1 mi away
Champions at Gregory Elementary
Elementary · 1.1 mi away
Champions at Anastasia Elementary
Elementary · 1.2 mi away
Anastasia School
Elementary · 1.2 mi away
The Honors School at Monmouth University
School · 1.2 mi away
Power of Christ Gospel Ministries Inc & Academy
School · 1.3 mi away
Gregory
School · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 497 Marvin Drive, Long Branch, NJ | $2,500,000 | 14 | 6 | 3,750 |
Moving Cost Estimate
EXIT Agents in Long Branch
Listing Courtesy: Rosario Realty Inc - 7322294900
Presented by: Carolina M Zocco