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1140-42 Simpson Ave, 
Ocean City, NJ 08226

$1,650,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Ronald Gifford, Jr.

Compass New Jersey-Ocean City

609-322-7390

Last updated:

June 11, 2025, 02:59 PM

MLS#

597104

Source:

NJ SJSRMLS

About This Home

1140-42 Simpson Ave

Fully Renovated Multi-Family Property with Excellent Income Potential Exceptional investment opportunity! This completely renovated multi-family building features three residential units, one commercial unit, and two separate one-car garages. The property consists of two duplexes connected by a breezeway, offering versatile use and strong rental income. The northside duplex includes a 1-bedroom, 1-bath unit with an attached garage on the first floor, and a 2-bedroom, 1-bath unit on the second floor. The southside duplex features a ground-level commercial space with a private office, full bath, kitchenette, and an attached 1-car garage that is ideal for a small business or professional office plus a 3 bedroom 2 Bathroom on the 2nd Floor. Every unit has been tastefully renovated with brand-new kitchens, bathrooms, flooring, and appliances, and is being sold fully furnished and equipped. Major upgrades include all new heating, central air, plumbing, electric, roof, and siding which will provide peace of mind and reduced maintenance costs. Whether you're an investor looking for strong cash flow or a buyer seeking a live/rent opportunity, this turn-key property checks all the boxes.

Home Facts

Multi-Family

Price Summary

1,650,000

MLS #:

597104

Last Updated:

June 11, 2025, 02:59 PM

Added:

8 day(s) ago


Finances & Disclosures

Finances

Price:

$1,650,000

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. © 2025 South Jersey Shore Regional MLS All rights reserved.

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