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1020 Asbury Ave, 
Ocean City, NJ 08226

$1,599,000


—

Bed


—

Bath


3,382

Sq Ft


Multi-Family

Active

Listed by

Robert Idell

Bhhs Fox And Roach-Simpson Oc

609-399-0041

Last updated:

November 3, 2026, 07:10 PM

MLS#

613258

Source:

NJ SJSRMLS

About This Home

1020 Asbury Ave

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. Each residential unit rents for $60 ,000 in summer rental income plus commercial store lease- projected annual /summer income of 160,000 LOCATION, FLEXIBILITY & INCOME POTENTIAL — THE POSSIBILITIES ARE ENDLESS!

Home Facts

Multi-Family

Built in 1924

Price Summary

1,599,000

$472 per Sq. Ft.

MLS #:

613258

Last Updated:

November 3, 2026, 07:10 PM

Added:

7 day(s) ago


Rooms & Interior

Interior

Living Area:

3,382 Sq. Ft.


Structure

Structure

Building Area:

3,382 Sq. Ft.

Year Built:

1924


Finances & Disclosures

Finances

Price:

$1,599,000

Price per Sq. Ft:

$472 per Sq. Ft.

Source:NJ SJSRMLS
The information being provided by South Jersey Shore Regional Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 South Jersey Shore Regional Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.