Multi-Family

1020 Asbury Ave, Ocean City

$1,599,000

Property Details Property Details
PRIME DOWNTOWN OCEAN CITY INVESTMENT OPPORTUNITY! Located in the heart of Ocean City at 10th Street and Asbury Avenue, this versatile three-story mixed-use property offers endless possibilities for investors, business owners, and owner-occupants alike! The first floor features commercial space in a highly desirable downtown location, ideal for establishing your business or generating rental income. Above, you'll find two beautifully remodeled residential units. The spacious second-floor unit offers 4 bedrooms and 1 full bath, while the third-floor unit features 3 bedrooms and 1 full bath. Both residential units have been tastefully updated, providing attractive options for year-round living, seasonal use, or rental income. ALL THREE UNITS WILL BE DELIVERED VACANT AT SETTLEMENT giving the new owner complete flexibility to occupy, lease, or establish their own rental rates from day one! Live in one unit while generating income from the others, operate your business downstairs, or maximize the property's investment potential. Just steps from Ocean City's popular shops, restaurants, and downtown attractions- and a short walk to prime Boardwalk attractions and beautiful beaches- this is a rare opportunity to own a mixed-use property in one of the shore's most sought-after communities. Each unit has one private parking spot. Residential units will be delivered fully furnished. Both Residential units have private in unit laundry. LOCATION, FLEXIBILITY & INCOME POTENTIAL THE POSSIBILITIES ARE ENDLESS!

This listing is provided courtesy of BHHS FOX and ROACH-Simpson OC


Bedroom bedrooms

  • MLS #: 613258
  • Status: Active
  • Address: 1020 Asbury Ave, Ocean City, NJ 08226
  • Date Listed: 10/28/2026
  • Days on Market: 0
  • SQFT: 3382

Amenities Amenities
  • Dishwasher
  • Dryer
  • Electric Stove
  • Microwave
  • Refrigerator
  • Washer

Location Location

Interior Features Interior Features
  • Cool System: Ceiling Fan(s), Central, Multi-Zoned
  • Heat System: Forced Air, Gas-Natural

Exterior Features Exterior Features
  • Parking: One Car
  • Exterior: Vinyl
  • New Construction: No

Additional Features Additional Features
  • County: Cape May
  • Property Type: Triplex
  • Waterfront Features: No
  • Water/Sewer: Public
  • Year Built: 1924
  • Lot Number: 18
  • Block Number: 1005
  • For Sale / Lease: For Sale
  • Taxes: 4200
  • 3rd Party Approval: No

Disclaimer:The data relating to real estate for sale on this website comes in part from both the Broker Reciprocity Program of the South Jersey Shore Regional MLS and/or the Cape May County MLS, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms. The brokers providing these listings advise interested parties to do their due diligence before relying on this information in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. All information deemed reliable, but not guaranteed. All properties are subject to change.